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

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.

Reader Comments

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31. Sounds like a perfect place for Brangelina and those odd kids they own.

Posted at 5:42PM on Feb 26th 2008 by Losers!

32. Sad to hear about his financial lows, must add though, all the comments I’ve read highlights for me the view that everyone whose left a comment is looking to put another, despite views on MJ, yes another human being down by just being cruel, I hope that one day you all don’t go through troubles that has people enjoying it as you experience them, lest we all forget that MJ has done so much more to entertain the masses as possibly as one could musically yet we all quick to down him, what comes around, goes around and one day ya’ll will remember these comments, with every looming rumour of his finances, I bet ya, he’ll still retain Neverland, what then, we turn around and insult him for doing the moonwalk? Better yet, the best, everyone’s favourite, a case he was found innocent in, wake up people, there are more important problems then hatin’ on MJ, why not focus on that rather, I’m not the biggest fan of MJs but it’s time to leave him alone in his ups an lows.

Posted at 5:52PM on Feb 26th 2008 by Observer

33. Friedman has made a living out of being wrong about Michael Jackson. Why he still works for Fox is beyond me. We have been hearing about Michael Jacksons imminent bankruptcy for the last 15 years.

Still waiting......

Posted at 6:05PM on Feb 26th 2008 by Fred Quimby

34. All you haters out there need to read the book Michael Jackson Conspiracy. They did this man wrong, Find out for your self, if you can read the all crap that has brought this man down, Then read the truth of what they really had on him. This book tells it all, and it is by someone that thought he should have been locked up. It is sad that he may lose his home over lies and greed. What a shame that people will stand by and hope this man will lose it all, just so they can have a laugh.

Posted at 7:44PM on Feb 26th 2008 by Hart

35. Does this also include all the 'Jesus Juice' too?

Posted at 6:07PM on Feb 26th 2008 by Too funny

36. ALL OF THIS IS LIES YOU CAN NEVER BELIVE FOX NEWS ESPCIALLY THAT ROGER GUY HE ALWAYS MAKING UP LIES ABOUT EVERY1 SCRECW TMZ FOR POSTING THIS AND SCREW THAT FAT ASS GUY ROGER GO TO HELL AND NEVER COME BACK LEAVE MICHAEL ALONE HE DONE BEEN THROUGH A ENOUGH

Posted at 6:45PM on Feb 26th 2008 by dani

37. umm... most of the people you mentioned tore their own pedastols down. I mean c'mon, Tyson - bit somebodies ear off. Vick - animal cruelty, OJ - FRIGGIN MURDER. Are you being serious?

Posted at 6:47PM on Feb 26th 2008 by Sneaky

38. #34?!?!

WTF???

"LEAVE MICHAEL ALONE HE DONE BEEN THROUGH A ENOUGH"

HE done been through enough huh?? Well I guess you showed us then, come on guys lets done leave him alone.

Posted at 6:48PM on Feb 26th 2008 by Anonymous

39. 28-- 4theanimals: I think that the Humane Society or other agency took possession of the animals. At least none of them had been molested... as far as we know.

Posted at 6:53PM on Feb 26th 2008 by Nor Cal Reader

40. #35 you are so right!!!

Posted at 7:10PM on Feb 26th 2008 by Anonymous

41. #33, I resent your comment. The list you provided has absolutely NOTHING to do with race! They ARE criminals whether they are black, white, yellow, red, rainbow. End of story. Pulling out the race card in this day and age just makes folks who AREN'T racist resent it even more.

We don't hate "sucessful" (if you want to call any of them on the list that) black men. We hate criminals!!!

The fact they are black has nothing to do with it!

Posted at 7:27PM on Feb 26th 2008 by TMZ sucks!

42. HEY AND NUMBER 43 THE FACT THAT YOU RESENT MY COMMENT SPEAKS VOLUMES CONCERNING THE TYPE OF RACIST YOU ARE

Posted at 7:17PM on Feb 26th 2008 by bewildered bystanders

43. I can't imagine how someone isn't helping him out.. the house alone is most likley worth more than what he owe's and not only that but with all ihs posessions inside being a part of the sale i would think there's another ten million dollars worth of memorabilia money to be made.
poor michael... all i can do is feel bad for him. he's stuck in the mindset of a child and no one is helping him, or ever did to grow up... and it's probably too late.

Posted at 7:23PM on Feb 26th 2008 by mfab

44. HEY BEWILDERED BYSTANDER,

Racist??? What about Mary Poppins this is RACIST!!

She wroteL
Im in total support of you, and always will be, I am so
sorry they, and the Jews that stole from you, have made your
life a living

YEAH, THE JEWS STOLE IT FROM HIM!! YOU IGNORANT FOOL!! IT WASN'T THE JEWS, IT WAS HIS POOR SENSE OF FINANCIAL RESPONSIBILITY!! Man, all; these racists blaming others! You hear that Bewildered? What about you MAry Poopins?

Posted at 8:03PM on Feb 26th 2008 by TMZ sucks!

45. bewildered bystanders, you are NOT helping your case with all of those loser criminals you listed!!! you're setting a VERY low bar there. you forgot OJ!

we all sure seem to hate will smith, denzel, barack, the rock, forest whitaker, miles davis, MLK...

nope, we just hate the pack of losers you mentioned cuz they abuse children, woman and animals!!!

Posted at 8:12PM on Feb 26th 2008 by kim

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