Michael Jackson is Almost Homeless
March 5th, 2008 by Hannah
The future on Neverland Ranch is still in doubt and it looks like it’s not the only home Michael Jackson is about to lose. The fallen King of Pop has made a trend of neglecting his fiscal responsibilities when it comes to his homes. According to public records, Jacko repeatedly failed to make mortgage payments on his Encino, California property. He has $154,000 in missed payments on a $4 million loan as of January 17th. The default was withdrawn early February. Other documents show that Jacko also faced possible default over missed payments on the home in April and August of 2007.
Britney better take note of this. This is what happens when you spend all your money and do no work!
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