Neverland Ranch is in Foreclosure
We've been hearing rumors about this for a while but now it's official, Michael Jackson's Neverland Ranch is in foreclosure. The Implode-O-Meter has the November 5th, 2007 Foreclosure Detail Report for Santa Barbara county which shows that as of October 12, the King of Pop owes $23,212,963 on a $23,000,000 loan. Since his trial, Jackson has spent almost no time at the home, instead staying in hotels and rented homes around the world. It's unclear whether he can't pay the bill at this time, or just won't.
Jackson isn't the first celeb to face foreclosure, it's happened to Whitney Houston, Michael Madsen, Don Johnson and Courtney Love. This, however, is far and away the largest debt we've seen.
[via TMZ]
Reader Comments (Page 1 of 3)
asawchuk Nov 7th 2007 3:57PM
Meanwhile he could have made a fortune if he had sold it to a real estate developer after he was acquitted (when the market was still going nuts).
ajm33771@aol.com Nov 10th 2007 8:33PM
he is a nut case. doesn't have a clue about reality and now loses his home. what a sorry and sad case.
John Runco Nov 10th 2007 8:43PM
This is so sad.............
Charlotte Nov 10th 2007 8:53PM
Well what do you expect when this country broke his heart? he cant think he cant functoin with all the crap this country has had to say about him and the Ranch,,,hell i went through a rough time back in the late 70s that was NOTHING LIKE THIS and lost a house because of it,,its just a grandeur scale for Michael,,
blkleo Nov 10th 2007 8:58PM
Here we go again with the race card. J barfola you are one stupid ignorant asshole and you really should be ashamed of yourself for exposing your ignorant ass for what it really is. If you get your fat ugly racist ass from your behind your computer once in awhile and turn on some news, you might actually learn something for once.
Toni Nov 10th 2007 9:13PM
What a happy to sad life this guy has led. He started out so talented, so handsome, and became famous and wealthly. Basically, Michael had it all. Why did it have to turn to alledged ugliness and perversion? Now he's losing his home, although in my opinion, it is a rather weird home for a grown man. What is going to happen to him next? Is all of this going to push him over the edge. I sure do feel for him.
Emerald Nov 10th 2007 9:27PM
J. Barfalo, I have a better one: once a racist, always a racist. Also, get an education. You think paedophiles are only black? As a caucasian person, we are not all bigoted & ignorant like yourself.
Brendan T. McAuliffe Nov 10th 2007 9:28PM
Hey, blkleo "Playin' the race card" 'you aught to re-read your own comments & then see who is playin' da' race card.
wiserbytheday Nov 10th 2007 9:31PM
blkleo, I couldn't have said it better myself. Some people who blog are so so ignorant. J.Barfalo is just a simple-minded ignorant fool. Michael isn't the only one who is losing his home in this economic climate. He has tons of legal bills and has lost his way but if the fool would have read the article he/she would have seen there are some caucasians on that list or is she/he trying to give Courtney love and Don Johnson away?
Les Nov 10th 2007 9:32PM
He is too feminine to get into the dog fighting business, and hasn't murdered two innocent people with a knife, so maybe o.j. and you know who can give him some advice!
Les Stace Nov 10th 2007 9:32PM
COULDN'T HAPPEN TO A NICER WHAT THE HELL EVER HE IS...MAYBE THE DOG FIGHTER AND THE MURDERER O.J. CAN GIVE HIM SOME ADVICE!LOL
Shannon Nov 10th 2007 9:37PM
Man, and my dream for many years was to be able to ride the loop-de-loop besides the elephant man's bones at Neverland Ranch! Another dream shattered...
Samantha Nov 10th 2007 9:42PM
Just b/c Michael is famous and rich does not mean he has any money sense at all. There were many things he could have done all along the way to stop the process when it was evident he was getting into trouble financially. Clearly he had his head in the sand. That is the real tragedy b/c even if or when he gets on his feet again he probably learned nothing from this experience.
yo'say Nov 10th 2007 9:44PM
SO GOES THE OLD AXIOM AGAIN, IN WHITE SOCIETY THERES ALWAYS TWO STANDARDS,THEIR'S, AND WHAT CRAP IS LEFT FOR WHITES TO DELEGATE TO BLACK PEOPLE. THIS ALWAYS HAVE AND ALWAYS WILL BE THE CASE IN AMERICA. NOW ALL THESE WHITE PEOPLE INTO FORECLOSURE, MIKE M. AND HIS ONCE MALIBU HOME, GONE, FOR EXAMPLE, CORBAIN'S WIFE ALSO. BUT AS YOU READ THESE LIKE BLOGGS. THE PRESSURE ON MICHEAL JACKSON IS UNREAL, AND THEN SOME ONE STATED IN THE BLOGG, QUOTE"SEE WHO CAN HELP YOU NOW?" SHOWING THE ONLY LEGAL PAPERS. NOW AINT THAT SOME SHIT11111111111111111111111111111111111111
Greg Meyers Nov 10th 2007 9:53PM
Oh well, It was fun while it lasted. What happened to Bobo?
Tiffany Nov 10th 2007 9:55PM
Jim Oshust knows that what he is saying is so idiotic that he calls himself "J.Barfalo". He's like Charlie Brown with the cloud hanging over him. Jim Oshust has never had a girlfriend and even his mother doesn't like him. Jim Oshust flunked out of the 11th grade, his best grade being an F+ in Shop; he would have gotten a D- but he couldn't figure out how to pull the drill out of his a$$. Jim Oshust goes to church on Sunday, comes home, jacks off to a picture of his sister then cracks open a can of Alpo for his dinner.
mike not jackson Nov 10th 2007 10:00PM
all i can say is that with all the money he has had he could do some good but the guy should be behind bars like evry other child molester who doesnt have enough money to get off the hook. HES A SICKO
jstmom1 Nov 10th 2007 10:04PM
Some of you are actually feeling sorry for that pedophile Michael Jackson. A close friend who is a psychologist said its very easy to see if Michael Jackson was a true pedophile or if he actually cared for children the way he said he did. HE PROVED HIMSELF TO BE A 100% PEDOPHILE WHEN HE LEFT THE U.S. AND WENT TO LIVE IN BAHRAIN. FOR THOSE OF YOU WHO DON'T KNOW BAHRAIN IS THE #1 CHILD SEX SLAVE CAPITAL OF THE WORLD-CHECK OUT ITS BACKGROUND- MICHAEL JACKSON DESERVES EVERYTHING HE GETS AND THEN SOME---HE IS ONE SICK SON OF A b*%cH---NO ONE THAT LIVES CHILDREN WOULD GO LIVE WITH THE KING OF A COUNTRY THAT IS KNOWN TO USE AND SELL CHILDREN TO OTHERS FOR SEX---THAT IS BEYOND COMPREHENSION HOW HE COULD BE SO VILE AS TO GO THERE OF ALL PLACES...JUST SHOWING HIS TRUE COLORS
VT Nov 10th 2007 10:09PM
The guy lost it! Lost his mind and now his house! He has/had more money then I'll ever see and blew it on his own fun town. Now wont/cant pay the rent!!
I feel bad for the bank
As for the race card, everyong knows any race is capable of this behavior so my question is whats your point?
Linda Panciarello Nov 10th 2007 10:24PM
Regardless of ALL the rumors about Mr. M. Jackson, he is still a human being. Remember they are only rumors not fact........would you want something that is not a fact, a part of your life? This HUMAN BEING will only have one individual to answer to. NOT YOU, NOT I.