Neverland in Foreclosure?

Posted Nov 6th 2007 8:19PM by TMZ Staff

Rumors have been rampant for months that Michael Jackson's Neverland estate was about to be foreclosed upon, but now comes the first concrete evidence that Jacko's home is about to go back to the bank. Who's bad?

The Implode-O-meter has obtained the foreclosure and Notice of Default report for Santa Barbara County -- and Neverland is listed. According to that report, Jackson is, as of October 12, delinquent $23,212,963 on a $23,000,000 loan.

Notice of Defaults in the state of California typically go out when a homeowner misses their third payment. After another 30 days, the homeowner is issued a foreclosure notice. According to this document, it appears that the King of Pop is $212,963 delinquent on the loan's principal of $23 mil.

A rep for Jackson did not immediately return our call for comment.

Filed under: Music, Wacky and Weird, Celebrity Pay Dirt

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(Page 1 of 14) | 1 | 2 | 3 | 4 | 5 | Most Recent | Next 15 Comments

1. Instead of Jacko, how about sicko!

Posted at 8:53PM on Nov 6th 2007 by bankroll, but not jack-o-azz

2. Maybe all the Rap and Hip Hop thugs stole his $ and now he can't pay the mortgage?! Probably so since they are all criminals.

Posted at 8:54PM on Nov 6th 2007 by slomoe

3. oh emm Geee

Posted at 8:54PM on Nov 6th 2007 by Woo I love Britney, Paris. Nicole and Lindsay!

4. Burn it down raze it and turn it into a landfill

Posted at 8:54PM on Nov 6th 2007 by YEE HAH!!!

5. FINALLY, NOW PEOPLE WILL BELIEVE ME, THAT THIS (CHILD MOLESTER IS BROKE!!!!!!

Posted at 8:54PM on Nov 6th 2007 by JAMES

6. Brit-Brit's next.

Posted at 8:56PM on Nov 6th 2007 by Dontclaimtobeperfect

7. # 2 whats micheal jackson's money woes have to do with hip hip and rap bird brain???

Posted at 8:58PM on Nov 6th 2007 by roughdaddy

8. ..soooooooooooooooo sad how that man turned out!!!!!!!!!!!...his poor kids!!...great memories of the Jackson 5 growing up!!

Posted at 8:58PM on Nov 6th 2007 by jr

9. You all just wish you were Jacko. He's dreamy!

Posted at 8:59PM on Nov 6th 2007 by slomoe

10. Hopefully Paul McCartney will be able to buy back The Beatles catalog from this pedophile at a discount.

Posted at 9:01PM on Nov 6th 2007 by meltz11

11. Michael Jackson does not want that home anymore. He no longer likes it because cops raided his home and he doesn't call it "home" anymore. MJ doesn't care about Neverland which is why he's not in a hurry to pay for it.

Posted at 9:04PM on Nov 6th 2007 by REALIST

12. I think I'll buy it and put 3 houses and a hotel on it. I've heard it also comes with a "get out of jail free" card.

Posted at 9:05PM on Nov 6th 2007 by Britney is a Dirty Skank

13. michael come back your music is great

http://myspace.com/nemerom

Posted at 9:06PM on Nov 6th 2007 by eyeamtym

14. Now all of you that hating, put your money together and buy the ranch. It comes with everything and guess what with all of you there the world would be a loving peaceful place to live. Say after all you was the ones buying VIP, now why want you all buy the ranch and have a sheet wearing day parade among yourselves. I love it when one of your children bring what you hate home to meet you. Have a chocolate pudding with whip cream on top with me. That a good treat

Posted at 9:15PM on Nov 6th 2007 by so long

15. I wish this scary individual would leave the country permanently. I will never understand how he is able to retain custody of his children. They can't possibly have a shot at a normal childhood. Sorry MJ fans, there won't be a comeback here. This man is in his 40's , and way over the edge.

Posted at 9:22PM on Nov 6th 2007 by Lilly

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