Michael Jackson on the verge of losing Neverland Ranch
Michael Jackson is on the verge of losing his Neverland Ranch, according to U.S reports.
The singer has reportedly still not responded to a default notice served to him by Fortress Investments 90 days ago - and it could cost him his California home.
Once Fortress Investments forecloses on Neverland, Jackson will have four weeks to pay off his debt to the firm, Roger Friedman reports on FoxNews.com.
And Friedman reports the foreclosure could come by today.
If Jacko fails to come up with the cash by the end of the month-long period, Fortress can hold an auction and sell off the ranch.
"Once Fortress announces foreclosure, Jackson will still have four weeks to cure the debt and pay off the amount due," Friedman writes.
"At the end of that month, if nothing has happened, Fortress can conduct an auction and sell the ranch.
"Of course, it would have to find a bidder with $23 million.
"Since none has come forward so far, it's unlikely one will at the auction.
"At that point, Fortress would take possession of Neverland.
"That seems to be the most plausible scenario.
"They would then hire a real estate broker who would fix up the property and market it to potential buyers."
Comments
IM FROM MEXICO, ITS
IM FROM MEXICO, ITS DEFINETLY A SHAME MJ'S SITUATION, BUT I WAS THINKNING, HOW COME THIS HAPPENDED TO HIM, HE HAS BEEN IN THE INDUSTRY FOR AT LEAST 20 YEARS! HE SHOULD KNOW BY NOW THAT FAME IS VERY TOUGH,I UNDESRTAND BRITNEY SPEARS, SHE IS YOUNG AND STUPID, BUT MJ! HE REALLY IS A SUPER STAR.
TH EKING OF POP!!! HOW CAN WE HELP HIM?
What a load of trash. Roger
What a load of trash. Roger Friedman thinks he knows Michael Jackson and I don't know why. He knows nothing about the man! Michael is refinancing at this time and isn't losing Neverland. His spokeswoman has said this in a statement. Why Roger, why do you do this?!?!?!? Hasn't Michael Jackson been victimised enough?!?!?!?! You deserve to rot in Hell.
So Michael Jackson is in big
So Michael Jackson is in big trouble! He can't pay the amount of 23mil dollars!Well I have a questions for all the people in this world who "shout loud and clear" ......"I'm MJ biggest fan , I love MJ , I'm his very close friend ,ETC"......
So where are you pleople in these Michael Jackson hard days......?!I think you must there for him , supporting him , helping him in a real way ....
So I say this to you : LET'S HELP MICHAEL JACKSON! EVERY ONE OF US WHO ADMIRE AND RESPECT THIS VERY SPECIAL PERSON , SHOULD GIVE HIM AL LEAST 1 EURO!! I BELIEVE WE ARE MORE THAN 23 MIL PEOPLE ON THIS EARTH WHO LOVES MICHAEL JACKSON......
michael i love you soo much
michael i love you soo much i want your face how are the little kids doing i would do stuff to them too
you are soo beautiful i wish i had your nose you are my idol the one and only im going to change my name for you g uess what my dads name is michael i think im going to change my last name to jackson so i can be just like you babe omg fuck me fuck me in the ass inless your gay then thats a differnt story but i will change into a guy anyday for yo ass ;]]
you are all a complete bunch
you are all a complete bunch of twats
MILLINER INDUSTRIES A
MILLINER INDUSTRIES A PRIVATELY HELD FAMILY FORTUNE WITH INVESTMENTS IN THE BILLIONS, IS REPORTED TO HAVE SAID THEY WOULD BE WILLING TO ABSORB ANY DEBT INCURE BY MR.MICHAEL JACKSON INVOLVING HIS NEVERLAND VALLEY RANCH.
MGM
hey person who posted the
hey person who posted the comment on 23rd jan saying bout the 1 euro thing....who are you??? if you read this again pls leave your msn or bebo addy...PLEASE!!!
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