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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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16.

Esq    

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.

2340 days ago
17.

wendy Migliore    

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

2340 days ago
18.

MACK4LF    

WHAT UP 50 U NEED TO GO GET THAT NEVERLAND SPOT AND TURN IT IN TO G-UNIT LAND!!!!HAHAHAHAHAH STRIPPERS AND PORN-STARS RUNNING ALL OVER THE PLACE!!! HAHAHAHAHAHAHA

2340 days ago
19.

MACK4LF    

THE REAL JACKSON CURTIS 50 CENT JACKSON NEEDS TO GET THAT

2340 days ago
20.

just wondering    

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"?

2340 days ago
21.

John    

Only in America can someone lose their home to the auction block. And it's happening more and more with your weak economy. Canada FTW!

2340 days ago
22.

FABIO    

I'll buy it if it comes with the KIDDIE PORN...

2340 days ago
23.

April Fouels    

I want it, i will level it, divide it into 40 parcels, sell them for $5 million each...........

2340 days ago
24.

kim    

excellent idea ME! someone needs to buy it and turn it into a camp for kids in need. personally i'm not sure if i could let my kids even walk through the doors of that house of horrors, but that is a great idea!

2340 days ago
25.

Mikey    

I'll take the bed.

2340 days ago
26.

freakin' amazed    

....perhaps the State could purchase the property and it could be used as a retreat for abused and exploited children.....

2340 days ago
27.

yonkers new york    

OH YEAH!!! KIDDIE PORN!!! YEP, THATS FOR ME!!! GIMMEE, GIMMEE!!!! I DONT ACTUALLY BELIEVE THAT BUT LIKE MANY PEOPLES' COMMENTS IF I WRITE SOMETHING THAT EVOKES STRONG FEELINGS I MAY GET RESPONSES THEREBY MAKING ME FEEL LESS LONELY AND LIKE I HAVE FRIENDS!!! LOOOSERS!!!

2340 days ago
28.

SHOE SALESMAN AL BONDY    

HIS NEW SONG NAMED " I AM AN ANOTHER VICTIM OF MORTGAGE CRISIS " WILL COMES OUT SOON TO US .

2340 days ago
29.

jlove    

i love michael! i hope he resolves all his problems. he's no child molestor!!!

2340 days ago
30.

OCD    



*shudder* That place probably has "ghosts". Don't think that would be someplace that I would visit in the daylight, much less in the dark.

2340 days ago
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