Scott Storch’s money problems are legendary at this point, but even as he is still getting work (see 50 Cent’s latest single “Get Up”), his money woes are still mounting.

He needs to do a victory inauguration track for B. Obama, maybe the President-Elect will throw him a personal bailout package!

This article, particulary the last sentence, was funny, so I am going to copy the whole thing LOL.

Recent posting on Craigslist: ”$9,000,000 Celebrity Estate Home — Bank Sale (Palm Island — Miami Beach).” It’s the waterfront residence of Scott Storch, a 34-year-old record producer who is having money troubles.

”A forced bank sale,” says the posting. ”Bank is looking for an offer at $9 million — home was recently appraised for $16M . . .” There are six photos, with Lisa Gottesman of Keller Williams Realty in Fort Myers named as “seller contact.”

But Storch’s Miami lawyer Guy Spiegelman says neither Storch nor his business manager knows Gottesman or signed off on the listing. ”It’s not a bank sale,” Spiegelman says. “Storch is the owner of the property. The information on Craigslist is wrong and unauthorized.”

Gottesman says the Craigslist ad came from a real estate flier she prepared on

postlets.com for her client roster. She says she works for a ”group of 5,000 investors” and received a tip that the 70 Palm Ave. house is for sale. ‘I was given info from a source of mine, `if you can find a buyer for this property, they’d likely take this offer.’ That’s what someone told me.” So she researched the residence and created the online flier. ”I sent it to my database of people,” she says, explaining she hoped to receive a referral fee if the house sold. “Apparently, the info I was given was wrong.”

Storch, who has produced songs for Beyoncé, Eminem and 50 Cent (including his current hit, Get Up), bought the place in May ’06 for $10.5 million. He was riding high back then, said to be worth $70 million. But he is now $511,839.16 in arrears in real estate taxes for ’06 and ’07, and owes $187,097.94 for ’08. SunTrust Bank filed a foreclosure complaint in June. The matter is before Miami-Dade Circuit Judge Michael Genden.

Storch also has child support issues. He owed $27,031 for son Jalen, 2. Jason Setchen, attorney for Jalen’s mother DaleneDaniel, obtained a court-mandated income deduction order and garnished that money from Storch’s royalties at Sony BMG. Storch owes $7,500 for October, with another $7,500 due Nov. 15.

Storch also owes $22,100 for son Steven, 17. Storch was a no-show at an Oct. 17 deposition, and Miami-Dade Circuit Judge Scott Bernstein ordered him to appear in court on Nov. 20 to explain why he should not be held in contempt. Attorney Paul Leinoff, who represents Steven’s mom Vanessa Bellido, hired Allan Gorman of All-States Process Service to present Storch with Bernstein’s order.

Process server Joseph Torres got Storch at the Palm Island estate on Saturday — with the help of a female decoy. ”A cute girl,” Gorman says. She knocked at the door. Storch answered. Says Gorman: ”First he tried to say that it was his twin brother.” Right-o. (Source)

Twin brother? Really? Does he look like an albino turtle, too? What an unfortunate looking family then LOL.