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Neverland in Foreclosure?

Posted Nov 6th 2007 8:19PM by Celly

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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16. 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

17.
Michael Jackson likes to play with little boys
He dangles his kids like they were just toys
But while satisfying his lust
Neverland has to go bust
and the Prince of Bahrain became a little less coy.

Posted at 9:24PM on Nov 6th 2007 by 5 cent

18. Oh my Gosh #10!!!!!!! If you think Micheal Jackson is dreamy, I can't believe what you must be like!!!!! There must be something very wrong with a guy who wants to look like that!!!

Posted at 9:32PM on Nov 6th 2007 by jan

19. # 6 I agree wholeheartedly. He was the the King of Pop and with losing his reputation,
drug problems, spending habits and attorney fees. Here we are. Sure sounds like she's following in his footsteps doesn't she?

Posted at 9:33PM on Nov 6th 2007 by just the same

20. Someone must have traumatized him as a kid, cause fame and money can't possibly mess up someone this bad.

Posted at 9:48PM on Nov 6th 2007 by NancyS

21. This is just twisted!!! Michael Jackson doesn't lose custody of his children, but Britney Spears loses hers??? Something's wrong here!!

Posted at 9:49PM on Nov 6th 2007 by DJ

22. ..DJ #21...don't forget...the mother of Michaels children signed a contract and SOLD her kids to him basically!!!!....she gave them up before they were even born....so the poor kids don't have a mother fighting for their well being!!!...imagine..how the heck does school and friends work for them????..must be horrible!!!!!!

Posted at 9:56PM on Nov 6th 2007 by jr

23. All that money and he just pissed it away. What an idiot and child molester. Join the MC Hammer club of financial planning, other members, Kareen Abdul Jabbar, Mike Tyson, Darryl Strawberry, and too many others to mention.

Posted at 10:10PM on Nov 6th 2007 by Lenn K.

24. Surely this comes as no huge surprise to anyone!!!
Michael Jackson is truly mentally unstable given to his many quirks, and of course the "Baby Dangling" certainly did not get him the "Father Of The Year Award".
I too hope that Sir Paul McCartney will be able to get back the Beatles Memorbilia and would even like to see some of that go to the surviving Beatles and their children.
MJ is so eccentric that he truly has a personality disorder along with mental health issues.
The one thing the foreclosure will do is keep those looking to sue him, prove to them he has NOTHING, not even his dignity or self respect. A TRUE man can be financially destitute, but if he has his dignity, self respect and self worth, he truly is the richest man on earth. Michael Jackson will NEVER possess those traits and will always be a poor excuse of a man or human for that matter. His legacy will be that of a PEDOPHILE. Truly sad for his family to have to bear that disgrace.

Posted at 10:21PM on Nov 6th 2007 by LeeAnn

25. He doesn't live there so he shouldn't care anymore.

Posted at 10:32PM on Nov 6th 2007 by Jan

26. slomoe #27: So, how long ago did you get that giant bump on your head? Did you black out, too?

Posted at 11:04PM on Nov 6th 2007 by bankroll

27. TO SLOMOE Entry # 27.......................

Are you trying to incite a race war? This issue has NOTHING to do with what race Michael Jackson is. I could care less who it is race wise.......FACT IS FACT and the individual spoken about is truly mentally ill and a freepin PEDOPHILE. Personally I could care less if the person is white, black, brown, pick, beige, orange, green, red, purple or any other color you think of. A PERVERT IS A PERVERT and color has no clear distinction. There are many whites/caucasians who are PEDOPHILES, but I could care less what their color or gender is. Once a PEDOPHILE...........ALWAYS A PEDOPHILE and color has no distinction, so behave and put the race card away.

Posted at 11:07PM on Nov 6th 2007 by LeeAnn

28. To bad Elizabeth Talyor dump him, he could have gone over and sober about the good old old time and asked for a hand out. He could try to work, but no one wants to touch him. What about his family, the seemed so close in court , I guess money a different story. Did Peter Pan? Commit suicide, or was he in for closeure too. He could move to Africa, the rent is rely low in some of those counrtry, and some don't even have one homosexual. Sound like a night club job to me!

Posted at 11:18PM on Nov 6th 2007 by RoccoCaputo

29. SLOMOE..............................I am sure that I have more CLASS in my pinky than you will ever have if you lived to be a thousand. As for race and my looks..........wouldn't you be surprised to know how so very very wrong you are!!!!!!!! Just goes to show that jerks like you make stupid dumb statements without having ALL your facts and figures present and accounted for. I don't know what race you are and quite clearly I do not care one iota. As for looks, I'll bet your Mama thought the Doctor threw away the baby and kept the placenta instead. Take it from a SISTER Bro..........you are NOTHING!!!!!!

Posted at 11:20PM on Nov 6th 2007 by LeeAnn

30. Paul McCartney already had a chance to buy the Beatles catalogue and he was outbid. He's had his share of drama recently, what with the alleged drinking and wife-abusing. The whole MACCA mess is looking pretty sordid, and neither he nor the ex, Heather Mills, will emerge smelling like a rose. Like it or not, Michael Jackson was acquitted. It was the earlier accusations, back in the 1990's, that should have been the career-ender. But the dentist's kid, his accuser, accepted a payment and agreed to keep quiet. A choice I bet he really regrets now. MJ was at one time an outstanding performer. Now he's a sad, middle-aged man who's still grappling with obvious gender identification issues. I don't revel in his decline, but I don't wish to see a comeback either. Peter Pan must grow up, whether he likes it or not. It's time to let go of Neverland.

Posted at 11:24PM on Nov 6th 2007 by Carolyn (Abernathy)

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