Breaking news from TMZ.com reports that Michael Jackson has found himself in the same situation as the rest of the country- in foreclosure. According to the article, Financial Title Company filed a Notice of Trustee’s sale on Neverland Ranch. We’ve been hearing for a while no
w that he’s in financial trouble- and that’s backed up by the sudden re-release of his ‘Greatest Hits’ on a new album only found on late night television commercials. The report says that he owes $24,525,906.61, but I have a feeling that figure is the original principle balance of the note, not his back payments owed. They also gave a sale date of March 19th. It’ll be interesting to see how this one turns out in the end. I could see some foreign ‘collector’ buying the thing and setting up shop as a museum of sorts. I wonder where MJ will move to? Do you think the bank will issue some ‘Cash for Keys’? Anyone want to buy this thing? I’m sure we could pick it up at about 40% and then flip it for 60%- not a bad pay day…
