Monday, March 10, 2008

Michael Jackson's NeverLand Ranch Faces Foreclosure Auction



It's not just the credit-unworthy that are facing foreclosure these days, as Michael Jackson looks to be about to lose his famous Neverland ranch. Jackson took out a $20M loan in April 2006, which is now being called due.

Opening bid is $20M. I'm in for $10k, now I just need 1999 friends and this little slice of history is all ours!

Yes I know it's not really Portland related, but I did find it interesting.

9 comments:

skeptictank said...

So MJ took out a home equity loan to pay the lawyers, eh? Maybe he also paid for some plastic surgery as well.

skeptictank said...

Oh, the humanity... disaster struck over at the Portland Housing Blog: all past comments were erased...

PDXOutsider said...

oops! i hope clint can get them back. lots of good stuff there.

Anonymous said...

You know the economy is in trouble when MJ's feeling the pinch.

Perplexed said...

Eh, from what I recall of his trial commentary Michael Jackson has not been credit worthy for years. Talk about irresponsible use of credit and profligate spending...

skeptictank said...

from what I recall of his trial commentary Michael Jackson has not been credit worthy for years. Talk about irresponsible use of credit and profligate spending...

I guess he's just a typical American. Borrow from the house to get plastic surgery, SUVs... legal help.

Anonymous said...

he had plastic surgery?
when?

Anonymous said...

SAVED!

http://news.bbc.co.uk/2/hi/entertainment/7295101.stm

W

PDXOutsider said...

hey, good for jacko. now if only someone can help with the plastic surgery.