Neverland

Report: Jackson's Neverland in foreclosure

SANTA BARBARA, Calif., Nov. 12
-- Legal documents obtained by the Mortgage Lender Implode-o-Meter Web site show Michael Jackson's Neverland Ranch in California is in foreclosure.

Jackson's representative last week denied reports that the singer was about to lose his compound/amusement park because he was not up-to-date on the mortgage payments, TMZ.com said.

"(He) was never in default of the loan," the representative said.

However, the Mortgage Lender Implode-o-Meter has obtained a "Notice of Default and Election to Sell" document, which states the property is in foreclosure because about $213,000 in payments on the $23 million loan is overdue, the report said.

The notice specifically states "a breach of, and default in, the obligations for which the Trust Deed is security -- has occurred," TMZ.com said.

Jackson could still sell the estate if he can close the deal before the foreclosure is completed.

The singer's representative told TMZ.com her earlier statement stands.

(United Press International / DailyIndia.com)

J.acko -- Backo Against Wall in Neverland Default!

Posted Nov 12th 2007 6:22PM by TMZ Staff

When news broke last week that Michael Jackson's Neverland Ranch was in foreclosure, his rep was quick to slam the reports, proclaiming that J.acko "was never in default of the loan." Off the wall?

It appears so, as The Mortgage Lender Implode-o-Meter (yep, that's the full name) has obtained a "Notice of Default and Election to Sell" that makes it clear that the property is in foreclosure, because the loan and interest in the amount of $23,212,963.83 is way, way overdue. The notice specifically states that "a breach of, and default in, the obligations for which the Trust Deed is security -- has occurred" -- because payment hasn't been made.

A silver lining for the King of Pop? The document says that he can still offer the property for sale, as long as the deal gets sealed before the foreclosure is wrapped up. Jackson's rep says that her earlier statement stands.

(TMZ)

mhm...na geil.

Zitat von Screamlouder

mhm...na geil.

aber gehts auch etwas...deutlicher?