Michael Jackson's Neverland Ranch in foreclosure?

CherryDarling · November 6th, 2007, 10:57 PM

Rumors have been rampant for months that Michael Jackson's Neverland estate was about to be foreclosed upon, but now comes the first concrete evidence that Jacko's home is about to go back to the bank. Who's bad?

The Implode-O-meter has obtained the foreclosure and Notice of Default report for Santa Barbara County -- and Neverland is listed. According to that report, Jackson is, as of October 12, delinquent $23,212,963 on a $23,000,000 loan.

Notice of Defaults in the state of California typically go out when a homeowner misses their third payment. After 30 days, the homeowner is issued a foreclosure notice. According to this document, it appears that the King of Pop is $212,963 delinquent on the loan's principal of $23 mil.

A rep for Jackson did not immediately return our call for comment.

source: Neverland in Foreclosure? - TMZ.com

DitaPage* · November 7th, 2007, 12:34 AM

I wish i had a carousel in my backyard!

abbyroadme · November 7th, 2007, 12:39 AM

If it needs tobe foreclosure and all....just sell the Beatle catalog dork....enough said!

Grimmlok · November 7th, 2007, 07:07 AM

sony owns most of his half now.. he used it to pay off debt

Aella · November 7th, 2007, 08:03 AM

What, no more Pedoland? I can guess which 'ride' was the kids' least favorite!

Pilaf · November 7th, 2007, 08:28 AM

Wednesday, November 7th 2007
Queen Jacko Is Broke

Jacko must pay $23 Million in loans or lose his beloved Crazy Ass Bitch Ranch aka Neverland. The estate has gone into foreclosure and Jacko has 90 days to pay back the loan or he'll lose Neverland. He has reportedly missed three mortgage payments in a row.

Santa Barbara County is threatening to sell Neverland to repay the bank loan.

Jacko hasn't lived at Neverland for sometime, but 55 employees do. He's been living near Washington, DC.

Bitch is broke!

Who the hell wants to buy that house of insanity? There's no way I'd even think of even sleeping in that joint. Darksided shit! You know there's some creepy shit going down. They are going to have to bulldoze that shit, perform magic on the land and pray for a miracle.

Source

cmmdee · November 7th, 2007, 08:31 AM

LOL. I love Dlisted.

Can't Michael sell those Beatle catalogues???

Grimmlok · November 7th, 2007, 08:34 AM

This was already posted like 3 threads down

Charmed Hour · November 7th, 2007, 08:34 AM

^^ I think he used the Beatles catalogues for collateral when refinancing or something. I think they've reverted to the Sony and are no longer owned by Wacko.

Gen X EJC · November 7th, 2007, 12:38 PM

and we get charged $35 for bouncing a check, while pedo MJ has spent probably the last decade racking up millions in debt.

I love MeriKa.

November 6th, 2007, 10:57 PM	#1 (permalink)
CherryDarling Elite Member Join Date: Oct 2005 Location: Little Detroit Posts: 14,047	Michael Jackson's Neverland Ranch in foreclosure? Rumors have been rampant for months that Michael Jackson's Neverland estate was about to be foreclosed upon, but now comes the first concrete evidence that Jacko's home is about to go back to the bank. Who's bad? The Implode-O-meter has obtained the foreclosure and Notice of Default report for Santa Barbara County -- and Neverland is listed. According to that report, Jackson is, as of October 12, delinquent $23,212,963 on a $23,000,000 loan. Notice of Defaults in the state of California typically go out when a homeowner misses their third payment. After 30 days, the homeowner is issued a foreclosure notice. According to this document, it appears that the King of Pop is $212,963 delinquent on the loan's principal of $23 mil. A rep for Jackson did not immediately return our call for comment. source: Neverland in Foreclosure? - TMZ.com __________________ Mischief. Mayhem. Tattoos. Soap. Last edited by CherryDarling; November 6th, 2007 at 11:10 PM. Reason: added links

November 7th, 2007, 12:39 AM	#3 (permalink)
abbyroadme Gold Member Join Date: Aug 2007 Location: Small town by NYC Posts: 1,025	If it needs tobe foreclosure and all....just sell the Beatle catalog dork....enough said! __________________ Love ya, Dara

November 7th, 2007, 07:07 AM	#4 (permalink)
Grimmlok Elite Member Join Date: Oct 2005 Location: In WhoreLand fucking your MOM Posts: 54,821	sony owns most of his half now.. he used it to pay off debt __________________ I am from the American CIA and I have a radio in my head. I am going to kill you.

November 7th, 2007, 08:28 AM	#6 (permalink)
Pilaf Hit By Ban Bus! Join Date: Apr 2006 Posts: 985	Michael Jackson is broke, Santa Barbara County about to foreclose on Neverland Wednesday, November 7th 2007 Queen Jacko Is Broke Jacko must pay $23 Million in loans or lose his beloved Crazy Ass Bitch Ranch aka *Neverland.* The estate has gone into foreclosure and Jacko has 90 days to pay back the loan or he'll lose Neverland. He has reportedly missed three mortgage payments in a row. Santa Barbara County is threatening to sell Neverland to repay the bank loan. Jacko hasn't lived at Neverland for sometime, but 55 employees do. He's been living near Washington, DC. Bitch is broke! Who the hell wants to buy that house of insanity? There's no way I'd even think of even sleeping in that joint. Darksided shit! You know there's some creepy shit going down. They are going to have to bulldoze that shit, perform magic on the land and pray for a miracle. Source

November 7th, 2007, 08:34 AM	#8 (permalink)
Grimmlok Elite Member Join Date: Oct 2005 Location: In WhoreLand fucking your MOM Posts: 54,821	This was already posted like 3 threads down __________________ I am from the American CIA and I have a radio in my head. I am going to kill you.

November 7th, 2007, 12:34 AM	#2 (permalink)
DitaPage* La vie en rose Join Date: May 2006 Posts: 37,548	I wish i had a carousel in my backyard!

November 7th, 2007, 08:03 AM	#5 (permalink)
Aella Elite Member Join Date: Jun 2006 Location: Greece Posts: 8,736	What, no more Pedoland? I can guess which 'ride' was the kids' least favorite!

November 7th, 2007, 08:31 AM	#7 (permalink)
cmmdee Elite Member Join Date: Sep 2007 Location: Eva's Love Den Posts: 25,591	LOL. I love Dlisted. Can't Michael sell those Beatle catalogues???

November 7th, 2007, 08:34 AM	#9 (permalink)
Charmed Hour Elite Member Join Date: Jul 2006 Posts: 2,307	^^ I think he used the Beatles catalogues for collateral when refinancing or something. I think they've reverted to the Sony and are no longer owned by Wacko.

November 7th, 2007, 12:38 PM	#10 (permalink)
Gen X EJC Elite Member Join Date: Jun 2007 Location: BIAB's Freakshow Posts: 2,943	and we get charged $35 for bouncing a check, while pedo MJ has spent probably the last decade racking up millions in debt. I love MeriKa. __________________ The Gen X Eurotrash Jetsetters Club: A place for internationally minded celebrity haterz to come together in peace and harmony

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