Yeah, I’m a tad latedotnet with this. But I could have  sworn that Fantastia was going to be the last one that we were going to read about regarding foreclosures. And now this? Granted, a lot of rappers wasn’t making that kind of money in the 80′s and 90′s, and there was a lot of bad decisions that were made, but Doug E. Fresh should have been a bit more wiser. He’s aVirgo for goodness sakes! Virgos are supposed to manage their money LOL.

Rap icon Doug E. Fresh – best known for his ’80s hit “The Show” – has been socked with three foreclosure actions by banks looking to collect more than $3.5 million in unpaid mortgages on a trio of his Harlem homes.

The rapper, 46, also is being chased by American Express for nearly $60,000 in credit-card debt, and the IRS just slapped him with a $367,000 tax lien on top of more than $40,000 owed to the state tax collector, records show.

He fell behind in payments and, according to a foreclosure suit filed in Manhattan in late August, 2008, he now owes more than $1.73 million.

Davis is putting the finishing touches on Doug E’s Chicken and Waffles, a new Harlem restaurant slated to open next month. (source)

Sidebar: being the Harlemite that I am, I am hoping that this chicken and waffle place is better than the IHOP that we have up here, I am hearing that it is horrible. Better yet, if he really wants to make money, he should make it a restaurant by day and turn it into a club at night. That always works….if only for one night.