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Bank to Jacko: It's Your Last Pony Ride!

2/26/2008 6:32 PM PST BY TMZ STAFF

Michael Jackson is going the way of many American homeowners these days, only this foreclosure is a real circus.

FOX 411's Roger Friedman is reporting the King of Debt has just received word from Financial Title Company, the trustee of Neverland, unless he ponies up the $24,525,906.61 he owes on the monstrous mansion by March 19, it will be put up for public sale on the steps of the Santa Barbara County Courthouse!

A search on the Santa Barbara County Recorder website confirms that a "Notice of Trustees Sale" was filed yesterday by Financial Title Company.

Friedman reports that it won't just be the house for sale either -- it'll be everything. That means all of Jacko's personal property that's still inside the house (Peter Pan, is that you?!?), appliances, fixtures, rides, games and all "merry go round type devices." The report says everything that isn't nailed down must go -- and cheap!

A call to Jackson's rep for comment was not immediately returned.
80 COMMENTS

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1.

Illinois person    

Why doesn't wacko Jacko just let this albatross go? He doesn't live there and can no longer afford to maintain it, so why attempt to keep it? It's throwing good money after bad (no pun intended). It's sad that this guy has lost all his wealth and assets to bad investments and judgments against him. It just goes to show once you're on top there's only one place to go and that's down. What happened to the Oscar he bought that he paid over a million bucks for? Another bad investment?

2296 days ago
2.

MarcoaA    

The issues that are being discussed are stupid. If he had not been hounded by the media and silly people with nothing better to do.....this might not be an issue. What if our every success or failure were broadcast for the entire world to see and make judements? I doubt we would be able to handle that type of pressure. If he is so "over" as some have mentioned, then why is he still discussed? The parents whose kids were molested (he was found innocent June 13, 2005) should be left to answer questions or made fun of. Who is the real Wacko hear? I will forever love his music and marvel at his celebrity.
Marcos A.

2352 days ago
3.

Bunnie    

FIRST!

2374 days ago
4.

LA GABBY    

This guy has serious issues -- more than just Money wise --- MENTAL

2374 days ago
5.

FABIO    

I just put in a bid of $666 dollars for the house, as is.....

2374 days ago
6.

FlBiker    

Losing his pedophile palace, too bad.

2374 days ago
7.

frogs and gravel    

I am going to sell my HD tv
and give the proceeds to
Mr. Jackson so he can keep
his mansion.

2374 days ago
8.

just wondering    

I loved the Jackson 5, then I went crazy for Michael when he became a solo artist. I don't remember him being into drugs and drinking, and watching him perform and the adulation around the world was a real phenom...besides not having a normal upbringing, he became so unhinged it is truly a shame to see how he ha ended up, I wonder if he had undiagnosed mental illness?

2374 days ago
9.

CoolGirl2008    

Hey Michael-

How's that Katrina Aid single coming along...?

2374 days ago
10.

Geezerchic    

#7 - You "wonder" if he has mental illnes????? Plastic surgery = pain meds + "Jesus Juice" = More Wacko Jacko...P.S. Has anyone considered the fact that his kids kept their faces covered for years and now the one photo of them, they resemble the new whiter and plastic surgey Michael...Maybe he had them "done" too!?

2374 days ago
11.

Just Wondering    

Does that price include the wild animals????

2374 days ago
12.

ME    

Whoever buys this place should use it for kids w/medical issues. So they can go and have fun and enjoy themselves.
With Michael no where near the premises of course.

2374 days ago
13.

sandykay    

maybe Brad and his big foreheaded bother kissing ho can buy it. they have a lot of kids that would love it.

2374 days ago
14.

Dr. Adams    

Hey JACKCO....wanna make a CD with me, too save your ranch?????

2374 days ago
15.

bewildered bystander    

WHAT IS IT ABOUT AMERICA, THAT WE HATE IT WHEN BLACK MEN BECOME SUCCESSFUL, THEN WE TRY TO TEAR THEM DOWN FROM A PEDISTAL THAT WE PUT THEM UP ON, LIKE CLARENCE THOMAS, OJ, WESLEY SNIPES, MICHEAL VICK, MIKE TYSON, BARRY BONDS, AND MANY MANY MORE,
WHY DO WE HATE SUCCESSFUL BLACK MEN IN THE USA?

2374 days ago
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