Michael Jackson: More Debt Piling Up
7:23 Friday, February 29, 2008
Singer Michael Jackson has repeatedly failed to pay the mortgage on a Los Angeles house used by his family, public documents show. The news comes after it was revealed that the chart star could lose his Neverland ranch because of arrears of $25 million.
Documents filed with the Los Angeles country recorder relate to a property in Encino, California, that has been used by the singer's family for years. They show the singer has missed payments of $153,910. Documents show Jackson previously faced possible default over missed payments on the property due in April and August of last year. Now, according to reports, the 49-year-old is now seeking a new loan that would save Neverland from being sold at auction next month. If he does not pay the $25 million arrears that he owes on the sprawling California property, it will go to auction on 19 March.
Pictures by Splash News
How old is he now ? I hope Michael will be able to pay for his house.
You shouldn't mention "arrears" around this guy.
His Mommy and Daddy live in that Encino house, don't they?
yike! he looks like an alien
he look like a white man
SPLASH, be more careful when posting photos...
That's another Courteney Cox pix, from the movie "Scream."