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.

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

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76. I am so sorry to hear Jacko is having financial issues that it is driving me into a state of deep depession. The only thing that can possibly bring me out of this terrible state of mind is the day Neverland is actually sold by the sheriff on the steps of the county courthouse. Couldn't be happening to a nicer guy!

Posted at 8:34PM on Nov 8th 2007 by NuHomes

77. Goofy Dude, The California government should by it at a discount and use the property to help kids in a positive way. Good Bye Neverland, no Peter has left this lifetime!

Posted at 8:34PM on Nov 8th 2007 by maggie

78. Good for the perv.

Posted at 8:46PM on Nov 8th 2007 by carcrazy714

79. And I'm supposed to care about this latest chapter in MJ's life because...?

Posted at 8:46PM on Nov 8th 2007 by Jeffrey H. Baer

80. INOCENT TILL PROVEN GUILTY ! I FELL SORRY FOR HIM. I THINK HE HAS HAD A HARD LIFE AND HAS TAKEN ENOUGH OF AL YOUR STUPID REMARKS.

Posted at 8:55PM on Nov 8th 2007 by LET HE WITHOUT SIN THROW THE 1ST ROCK

81. Too bad, I mean where else but America could a poor black boy become a rich white woman

Posted at 9:01PM on Nov 8th 2007 by rodger

82. just so we're clear... This is Bush's fault too, right?

Posted at 9:02PM on Nov 8th 2007 by juschekkin

83. We have been hearing for years that MJ is bankcrupt yet he keeps going and going...I think its mostly rumors

Posted at 9:03PM on Nov 8th 2007 by Janet

84. This lunatic has no money left because he has to pay all his little boyzzzz off, he is stigmatized for life and his career is ruined. Even the record companys dont want nothing to do with him. Quincy jones tells michael im busy with other things to help you. Jackson dug his own grave and now needs to jump in it.

Posted at 9:08PM on Nov 8th 2007 by eddie

85. Maybe Jack-Off-o should consider selling off part of his child porn collection to bail himself out........

Posted at 9:09PM on Nov 8th 2007 by Tony V.

86. #14, when is the last time you were in an English class? Maybe you should consider taking it again. You have just TOTALLY butchered the English language. MORON!!!

Posted at 9:09PM on Nov 8th 2007 by whatever

87. Natural consequences... people should believe in them.

Posted at 9:09PM on Nov 8th 2007 by Sheila

88. Jackson is so mentally ill its very sad! jackson does not understand why the world is so much against a person loving little boys. Jackson would be hanged in other countries a long time a ago. I cant stand the monster.

Posted at 9:13PM on Nov 8th 2007 by eddie

89. YES, YOUR ALL RIGHT, BRIT BRIT IS NEXT, MARK MY WORDS. SHE MAY ALREADY BE BROKE. DRUGS, ALL THE SPENDING, MORTAGAGES, DRINKING, PARTYING, RENTALS, VACATIONS, TANNING, NAILS, DOG GROOMING, CHILD-SUPPORT, SMOKING, CLOTHES, FOOD, GAS, INSURANCE, OH, AND HOMEOWNERS INSURANCE, WELL. YOU GET THE PICTURE. IT ALL ADDS UP. BYE-BYE BRITNEY IN THE NEXT YEAR, UNLESS YOU STRAIGHTEN UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted at 9:15PM on Nov 8th 2007 by SS

90. MICHAEL DOES NOT CARE ABOUT THAT PLACE ANYMORE. STOP JUDGING PEOPLE. YOU HAVE NO PROOF ON HIM. YOU IDIOTS! LEAVE HIM ALONE.

Posted at 9:16PM on Nov 8th 2007 by Tiffany

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