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 & Weird, Celebrity Pay Dirt

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(Page 14 of 14)Previous 15 Comments

196. check out HIS MYSPACE ABOUT THIS
www.myspace.com/psms

Posted at 10:44AM on Nov 9th 2007 by Phil N

197. Whatever he may be, the fact remains he is a great and talented entertainer. He is a product of a screwed up family. Let this be an example to all. Make sure your family is not screwed up like his!

Posted at 10:59AM on Nov 9th 2007 by sebastian

198. HAHAHAHAHAHA
I am so glad twinkle toes will not be returning to Cali

Posted at 1:35PM on Nov 9th 2007 by Persephone

199. He's not broke fianancially.

Posted at 6:54PM on Nov 9th 2007 by Proud

200. You all just wish you were Jacko. He's dreamy!
More like nightmarey

Posted at 9:37AM on Nov 10th 2007 by Dude

201. What good is Neverland now that he can't use it to attract young boys for sleep over parties?

Posted at 9:38AM on Nov 10th 2007 by Dude

202. Whatever he may be, the fact remains he is a great and talented entertainer. He is a product of a screwed up family. Let this be an example to all. Make sure your family is not screwed up like his!
Yeah a screwed up family... they had a TV show in the 70s Michael was the #1 pop star of the 80s and his sister Janet made millions in the 90s... I wish my Dad abused me when I was a kid.

Posted at 9:43AM on Nov 10th 2007 by dude

203. JACKSON THE CHILD MOLESTER IS NOW 50 YRS OLD. HE IS RUINED. IF HE EVER HAS A SHOW OR CONCERT I KNOW PEOPLE WILL SCREAM CHILD MOLESTER AND FREAK AT THE SHOWS. SO LONG YOU PEDOFILE.

Posted at 1:29PM on Nov 10th 2007 by RON

204. Jacko(ff) really. He should just give it to the bank and let them pass it on to a kids charity with the notation that he NEVER set foot on the premises again during his or his kids lifetimes. Let it be used for kids with catastrophic illness with all those toys and rides. He loves out of the country most of the time anyway.

Posted at 6:12PM on Nov 11th 2007 by Rick

205. I find it odd how during the trial everyone thought Neverland was such an ugly place
and everyone wanted it shut down, now everyone is gasping its in forclosure, If you
belive bad things happened to children there wouldnt you want it to forclose?
why would you want him to keep it? everyone must be a hipocrite

Posted at 7:24PM on Nov 14th 2007 by jenny ruby

206. It bothers me that there are so many people wanting such horrible things for this guy. I mean, what has he actually done? Nothing bad from what I see. So he did something that made you uncomfortable. The Bush administration has killed thousands of our finest and I still see people rooting for him. It's quite sad. I like MJ's music. Always will be one of the greatest artists of all time.

Posted at 1:49AM on Nov 16th 2007 by Sebastian Rothwyn

207. WHO CARES??????

Posted at 6:47AM on Dec 1st 2007 by kelly

208. Wow what happened to him?

Posted at 7:50AM on Dec 24th 2007 by Portland Real Estate

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