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.
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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.
FINALLY, NOW PEOPLE WILL BELIEVE ME, THAT THIS (CHILD MOLESTER IS BROKE!!!!!!
..soooooooooooooooo sad how that man turned out!!!!!!!!!!!...his poor kids!!...great memories of the Jackson 5 growing up!!
# 2 whats micheal jackson's money woes have to do with hip hip and rap bird brain???
Saw on T.V. recently that Neverland was for sale and someone was interested. He just wanted all of the carnival stuff removed.
Hopefully Paul McCartney will be able to buy back The Beatles catalog from this pedophile at a discount.
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.
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.
