Quote:
In addition, Jackson has failed to make payments on a $2.2 million second mortgage he took out on the family's Hayvenhurst mansion in Encino, Calif., and his kin expect to get the boot in the new year.
Jackson bought the home for his family in the 1970s, and his mom, Katherine, brothers Randy and Jermaine, Jermaine's ex-wife Alejandra and several of Randy and Jermaine's kids now live there. Dad Joe is said to spend little time there.
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Holy shit what type of financial idiot is Wacko Jacko considering the usual mortgage for a home is 30 years. Hayvenhurst should should have been paid off or nearly paid off by now, the first mortgage that is. Think he's screwed the goose this time and there's no way out.