Damon Dash and his wife, fashion designer Rachel Roy, are in danger of losing their two Manhattan apartments to foreclosure.

According to bank filings, Dash and Roy owe $7.3 million on the two properties and foreclosure proceedings have begun. Dash and Roy failed to meet monthly mortgage payments of $78,500 on the two pricey properties.

Lately, Roy has been struggling to keep her company afloat in a fluctuating economy. And no one knows what Dash does for a living after he sold his stock in Rocafella Records and Rocawear to former business partner Jay Z.