Well, today is the big day for the auction, or is it? For those of you who really care, Jackson has worked out an arrangement with BofA to bump the foreclosure sale to May 14th. From what I understand, he owes $24Mil in arrears on a $273Mil note for the place. Either some rich psycho-fan will pony up the money, or he’ll end up losing it to the foreclosure sale. I just want to see what BofA ends up doing with the place. I mean really, what is Bank of America going to do with Neverland Ranch? How much are they going to sell it for as an REO?
I’m sure that’s some valuable land it’s sitting on- maybe a commercial developer will come along and do something with it. We’ll see. Here’s a great clip from TMZ on the thing- it’s the most entertaining clip I could find.
http://link.brightcove.com/services/link/bcpid353549946/bctid1460812952
Well, if you haven’t been following the trends lately, there’s been wars brewing in the Cell Phone industry. Many carriers are now offering unlimited minutes for $99. AT&T offered this plan a few years ago, and would bring it out once or twice a year for a short, 2 week promotion to boost sales. They have now brought it back for a longer time trying to fight against other carries who now offer the same plan. For $99/mo you get unlimited minutes, anywhere in the country. That includes long distance, internet, etc. If you’re a serious investor, or someone who uses your phone a TON, this is the way to go. I routinely hit 5,000 minutes a month when I’ve got a ton of business going. I’ll probably be dropping my land line soon as it makes no sense for me to have one with these new plans out.
