Neverland Ranch Now Someone Else's Problem

Posted May 12th 2008 4:11PM by TMZ Staff

Michael Jackson's Neverland Ranch debt has been bought out just days before the property was to go on the auction block. Who's bad?

TMZ has obtained the deed with the lucky new owners - 1224 LLC. The debt is said to be around $23 million - plus an additional few hundred for llama food.

For the record, Jackson is still the official owner of Neverland Ranch, he just signs his mortgage payments over to someone else now.

Filed under: Celebrity Pay Dirt

Comments [21]

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(Page 1 of 2) | 1 | 2 | Most Recent | Next 15 Comments

1. It needs an exorcism.

Posted at 6:42PM on May 12th 2008 by L*O*S*E*R*S

2. Light some incense and give it an exorcism.

Posted at 6:43PM on May 12th 2008 by Kelli

3. California secretary of state lists
1224 LLC
DELAWARE
CORPORATION SERVICE COMPANY WHICH WILL DO BUSINESS IN CALIFORNIA
AS CSC - LAWYERS INCORPORATING SERVICE (
C1592199)
Date Filed: 5/6/2008

1999 AVENUE OF THE STARS STE 1200
LOS ANGELES, CA 90067

Home of Colony Capital
www.colonyinc.com

recognize any names?

Posted at 6:55PM on May 12th 2008 by hmmm

4. No .. spill spill! LOL

Posted at 7:03PM on May 12th 2008 by Hello Kitty

5. With all the money that man once had...there's no excuse why he doesnt own it outright....c'mon man

Posted at 7:38PM on May 12th 2008 by Anonymous

6. Sent over a couple of B-52 bombers and level the place and start over, that'll take care of all the demon spirits.

Posted at 8:13PM on May 12th 2008 by Lenn K.

7. Great idea Lenn K.! haha!

Posted at 8:21PM on May 12th 2008 by Kelli

8. NAMBLA's new headquarters.

Posted at 8:32PM on May 12th 2008 by chicken stripper

9. How is he the "official owner" TMZ, if the deed is in some other name? Sounds like he's paying rent to me.

Posted at 9:28PM on May 12th 2008 by chris

10. Same as your trailer title has your name on it even though you still owe the bank for it. It is called a "deed of trust".

Posted at 9:39PM on May 12th 2008 by la guy

11. MY GOD!!! Jackson is soooooooooooooo ugly! He belongs in a Freak Circus. He does not look human anymore.

Posted at 10:41PM on May 12th 2008 by No Name Here

12. What I cannot understand why Michael Jackson did not just pay off the deed when he was making all that money back in the day.

Posted at 11:24PM on May 12th 2008 by mistyblue

13. SAVE THE LLAMAS!!!

Posted at 1:33AM on May 13th 2008 by Campy

14. i want to know who "1224" is????????????????????????????

earlier stated "colony"....what is that????

His sister???????????

OPRAH????????????????????

Posted at 2:51AM on May 13th 2008 by kentwood girl

15. Wow, what an effin deal. Who can I turn my mortgage payments over to? Nice deal Micky, how did you swing that one?

Posted at 4:42AM on May 13th 2008 by wow

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