The Mortgage Man

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Celebrities In Foreclosure – Michael Jackson

Even the King of Pop is not immune from the foreclosure crisis.

Neverland Ranch foreclosure

It was reported in March that Michael Jackson was in default on the $24.5 million dollar loan on the now infamous Neverland Ranch.  The 2500 acre Santa Barbara County property was saved from foreclosure last month when investment company Colony Capital bought the defaulted loan.  It is not yet known what his intentions are with the property, but for now, he has dodged the bullet.

Jackson bought the property in 1988 and turned it into a miniature amusement park complete with ferris wheel and a roller coaster.  While Jackson’s attorney declined comment over this “Thriller”, it is no doubt that Jackson sees himself as a “Smooth Criminal”.  (I couldn’t help myself)

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2 Comments»

  Tony Orlando wrote @

I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.

  jasonhenle wrote @

Why did it have to happen to Michael Jackson….again KIng of Pop disappoints Prince of Bahrain


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