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November 06, 2007

Is Michael Jackson about to lose Neverland Ranch?

Michael Jackson's Neverland Ranch is evidently about to change ownership... if the King of Pop can't cough up around $23,000,000.

The Implode-O-meter has obtained the foreclosure and Notice of Default report for Santa Barbara County showing Neverland as one of the properties listed.

According to that document, Michael Jackson owes $23,212,963 on a $23,000,000 loan.  Wowza!  Evidently Jackson is $212,963 behind on loan payments.

Recent pictures posted in tabloids and on blogs show Neverland falling apart with no a kid in sight and dying shrubs as far as the eye can see.

Is there a chance that Jackson has just left Neverland to die?




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