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Neverland in Foreclosure?

11/6/2007 10:19 PM PST 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.

208 COMMENTS

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121.

berg    

Most of you are idiots. Michael Jackson has way more true talent than you and he is not a child molester. Even if he was, why did those parents let their kids stay with a grown and weird man anyways? So they could sue duhhhhhhhhh

2484 days ago
122.

Jeff    

Hey, it's sad the guy is so goofed up. I just say, at the end of the day music, fame, and money don't really mean that much. Just be a person and enjoy your kids. 50 years from now none of this will matter at all. To any of us.

2484 days ago
123.

paul    

BURG....would you actually think about putting a kid through a traumatic thing like that JUST for money. Money means nothing if you cant enjoy it with the ones you love

2484 days ago
124.

eiide    

I MET JACKO UP CLOSE IN VEGAS AND LOOKED AT HIS FACE AND HE LOOKS LIKE A MONSTER A FREAK! HIS SKIN IS NOT EVEN WHITE LIKE WHITE PEOPLE ITS WHITE LIKE WHITE PAINT THIS BOY LOVER NEEDS TO BE IN A MENTAL HOSPITAL. AFTER WE SAW HIS FACE PEOPLE WERE GASPING THATS INSANE.

2484 days ago
125.

Big Joe Salmon    

The guy has no clue-I bet he can barely tie his own shoes-what a waste of money and potential.Karma baby Karma

2484 days ago
126.

Becca    

MJ is a live version of a cartoon character, a scary one at that. Are we surprised he's in default on his mortgage? He's been taken to court by employees/contractors he owes money to, and been ordered to pay up. This guy (thing) is a has-been washed up pedophile cartoon character. He lives on his "assets" which are slowly crumbling beneath him. Once his creditors catch up with him, he will be very much in the hole. He has nothing, stands for nothing, and his kids are , well....wow, scary to think about. At least I hope they are safe. This guy is one sick tool.

2484 days ago
127.

lizzyooboy    

he's a sick man, if thats what u wanna call him, and who really cares he's been out of the limelight for sometime, he's a piece of crap, he ruined himself and lost alot of respect from alot of fans, oh well he'll have to go to the zoo and play with the monkeys there.

2484 days ago
128.

eiide    

I WONDER IF JACKSON HAS EVER KILLED A KID, WITH HIS MONEY AND WHAT PEOPLE KNOW ABOUT HIM IS HALF THE STORY. THIS GUY IS A MONSTER AT LEVELS MOST PEOPLE DONT UNDERSTAND AND HE IS VERY DANGEROUS AND EVIL.
JACKSON HAS BEEN IN THAILAND AND OTHER COUNTRIES WHERE PEOPLE PREY ON KIDS.

2484 days ago
129.

kelly    

WHO CARES??????

2484 days ago
130.

Lisa    

True to form, as his home sits rotting and falling apart, where is this upstanding father figure? Off hiding out in another country with his children that he obtained through immoral and highly questionable means. What a guy! He asked for it. I feel sorry for those kids. Sooner or later he will run out of money trying to maintain his kind of lifestyle and when he does what will happen to those kids then? Will they be given to the sorry excuses they have for a mother? Those gold-digging whores don't deserve children any more than Wacko Jacko does. They are all poster children for selfishness!!

2484 days ago
131.

Marc    

I hope this clown is not washed-up completely... yet.
With hysterical antics, like his face destroying plastic surgeries, brain-addled rants about his peter pan complex, his marriage to Elvis' daughter, dangling kids off balconies, sex abuse trials, and so on, this idiot has been entertaining far beyond his musical talent.

2484 days ago
132.

Darin    

What a freak and his father & family are to blame for Diddling a little boy. Now he is werid and sexual attracted to kids and lost his face, just like her sister, the whole family is messed up. The rich near pay for things, they use barrowed money and pay insurance so when they die or injury themselves so that cant work they have them (insurance) pay off there debt. and what they call broke I call good liv'en

2484 days ago
133.

TALLGIRL    

MICHAEL JACKSON SHOULDBE ASHAME OF HIMSELF. HE HAS MADE MILLIONS, WHY DOES HE STILL OWE MONEY ON NEVERLAND?. MAYBE HE SHOULD HAVE NEVER BROUGHT THE LAND. WHEN YOU MAKE THAT MUCH MONEY, THE FIRST THING TO DO IS TO PAYOFF YOUR HOME. MUSIC IS A SHORT LIVE JOB. WHERE IS HIS FAMILY? MAYBE THEY CAN COME TOGETHER AND BUY THE HOUSE. EVEN IF MICHAEL DO NOT WANT THE HOUSE FOR WHATEVER REASON, IT STILL DOES NOT GIVE MICHAELTHE RIGHT NOT TO PAY HIS BILLS. MICHAEL SHOULD HAVE PAYOFF THE HOUSE A LONG TIME AGO.

2484 days ago
134.

Real    

I have no sympathy for his Royal Jackass, growing up from very humble beginnings some would even say poor. You would think that he would've been more cautious with his money. What idiot would just go on spending spree's as if he possesed an infinite residual cash flow. I guess Neverland's mythical mystic became his reality, but in the real world his celebrity status will not save his home from being foreclosed upon by the bank. The child pedohile shouldn't be at large on the general public. Take away his home and keep the child molester out of the country.

2484 days ago
135.

Chris    

Why say "his" poor kids...his sperm didn't create any of those children...why do you think he keeps their skin and faces covered up. Everyone would know without a doubt that they weren't his to start with. He only bought out the women and some real mans sperm when he had some money.

2484 days ago
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