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

Posted Feb 26th 2008 4:32PM by TMZ Staff

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

Filed under: Wacky and Weird, Celebrity Pay Dirt, Michael Jackson

Comments [81]

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(Page 1 of 6) | 1 | 2 | 3 | 4 | 5 | Most Recent | Next 15 Comments

1. FIRST!

Posted at 4:35PM on Feb 26th 2008 by Bunnie

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

Posted at 4:37PM on Feb 26th 2008 by LA GABBY

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

Posted at 4:38PM on Feb 26th 2008 by REGIS

4. Losing his pedophile palace, too bad.

Posted at 4:38PM on Feb 26th 2008 by FlBiker

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

Posted at 4:41PM on Feb 26th 2008 by fishfry2

6. 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?

Posted at 4:42PM on Feb 26th 2008 by SO SAD...

7. Hey Michael-

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

Posted at 4:44PM on Feb 26th 2008 by CoolGirl2008

8. Does that price include the wild animals????

Posted at 4:48PM on Feb 26th 2008 by Sophie

9. 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.

Posted at 4:49PM on Feb 26th 2008 by me

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

Posted at 4:49PM on Feb 26th 2008 by sandykay

11. #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!?

Posted at 4:50PM on Feb 26th 2008 by geezerchic

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

Posted at 4:51PM on Feb 26th 2008 by Brit

13. I know we all like to trash Jacko, but this is a serious issue in America. Times are hard, and a lot of people are facing foreclosure. I kind of feel sorry for him, and I definitely worry about the plain ole regular folks in this predicament.

Posted at 4:56PM on Feb 26th 2008 by Julie

14. Heeeeey perfect place for Brad and Angie!!!!!! ( well..after they throw away all the kiddie porn in the house )

Posted at 4:57PM on Feb 26th 2008 by wendy in NY

15. geezerchic....yes, well all know how he gave the young boyz wine, but I don't ever recall HIM being drunk in public , much of his behaviour is of a eccentric, was just curious what his " undiagnosed" mental illness would be called if he had it. I'm sure that medical community has names for eccentrics, was just " wondering"?

Posted at 5:00PM on Feb 26th 2008 by SO SAD

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