Michael Jackson’s Neverland Ranch Foreclosure
Michael Jackson’s 2,900-acre Neverland Ranch may be vulnerable to foreclosure next Friday.
 The fabled ranch, scene of many parties for children and at least a couple of police raids, may be vulnerable to foreclosure next Friday. Oh boy, maybe it will be put up on PedophileBay. According to sources, the mortgage broker trying to find refinancing for Jackson on a $23 million loan held by Fortress Investments using Neverland as security has so far come up empty. There is literally no interest from anyone in saving Jackson in this situation. I predict that George Michael, Elton John, or CLAY AIKEN will buy the ranch and keep the spirit alive.  Boy, if those walls could talk….. If the writers weren’t on strike, I would have CSI Las Vegas, CSI New York, and maybe Miami do some DNA scrapings around the Neverland Ranch.
Comments
By gerard Vandenberg on January 18th, 2008 at 10:36 pm
HE WASN’T A FARMER ANYWAY!!
By Celebrity Gossip on March 8th, 2008 at 9:34 am
Michael Jackson hired looters to “clean out
By Celebrity Gossip on May 13th, 2008 at 8:17 am
Surprise! The public auction of Michael Jackson’s Neverland Ranch has been canceled. The news came Friday afternoon, just five days before the 2,900-acre spread was set to be sold in public to the highest bidder.
No word yet on what’s happened, although the likelihood is that Jackson has reached a refinancing agreement with Fortress Investments, the loan holder. They currently hold a $23.5 million note on the property.
Jackson has been working with a number of friends including financier Ron Burkle, who’s lent his support but not his money in trying to help Jackson out of this predicament.
Of course, whatever’s happened, the only real solution is for Jackson to sell the property now, pay off all his loans and invest the money wisely. What are the chances of the last part happening? Not great, but you never know.