Home : Wacky & Weird, Celebrity Pay Dirt, Michael Jackson : Bank to Jacko: It's Your Last Pony Ride!

Celebrity Pay Dirt
Bank to Jacko: It's Your Last Pony Ride!

Posted Feb 26th 2008 4:32PM by TMZ Staff

Michael Jackson is going the way of many American homeowners these days, only this foreclosure is a real circus.

FOX 411's Roger Friedman is reporting the King of Debt has just received word from Financial Title Company, the trustee of Neverland, unless he ponies up the $24,525,906.61 he owes on the monstrous mansion by March 19, it will be put up for public sale on the steps of the Santa Barbara County Courthouse!

A search on the Santa Barbara County Recorder website confirms that a "Notice of Trustees Sale" was filed yesterday by Financial Title Company.

Friedman reports that it won't just be the house for sale either -- it'll be everything. That means all of Jacko's personal property that's still inside the house (Peter Pan, is that you?!?), appliances, fixtures, rides, games and all "merry go round type devices." The report says everything that isn't nailed down must go -- and cheap!

A call to Jackson's rep for comment was not immediately returned.

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76. Does anyone on posting on here have $24,525,906.61? Because if you don't then you shouldn't call this man broke. Like the report said so many americans are in this situation right now. It's just M.J.'s price is higher because.... he's WEALTHY!!!!!

Posted at 1:34PM on Feb 27th 2008 by to make matters worse

77. I think someone should by the place and keep it exactly as it is when they buy it and then do tours of the place for the public. I think that they would make a killing off of it. You know how nosey people are. People would come from all over the place to see it. I am sure that there is some pretty interesting stuff in there. I would love to look inside. I think he pretty much just abandoned the place and left A LOT of his stuff behind. After his last court case and the whole circus that it was I think it has just been to painful for him to go back there, even just to get his things. I don't know if that is a good thing though. I know he has mental issues and isn't all that stable but he should be smart enough to know that he needs to get his ass in there and get anything out that will make him look even worse when someone buys the place and goes thru everything in there. Dunno, people NEVER cease to amaze me. Watch, we'll hear all about it when the place sells.

Posted at 1:45AM on Mar 1st 2008 by Anonymous

78. Hey NUMBER 60 needs a HUG Guys, I hit a nerve on this clown, all this venom came from some place ,is it the TRUTH that hurts so much????

Posted at 3:47PM on Feb 27th 2008 by bewildered bystanders

79. The "Blair witch projects". No thank you!

Posted at 5:44AM on Mar 2nd 2008 by critic

80. The issues that are being discussed are stupid. If he had not been hounded by the media and silly people with nothing better to do.....this might not be an issue. What if our every success or failure were broadcast for the entire world to see and make judements? I doubt we would be able to handle that type of pressure. If he is so "over" as some have mentioned, then why is he still discussed? The parents whose kids were molested (he was found innocent June 13, 2005) should be left to answer questions or made fun of. Who is the real Wacko hear? I will forever love his music and marvel at his celebrity.
Marcos A.

Posted at 9:36AM on Mar 20th 2008 by "Marcos A"

81. Why doesn't wacko Jacko just let this albatross go? He doesn't live there and can no longer afford to maintain it, so why attempt to keep it? It's throwing good money after bad (no pun intended). It's sad that this guy has lost all his wealth and assets to bad investments and judgments against him. It just goes to show once you're on top there's only one place to go and that's down. What happened to the Oscar he bought that he paid over a million bucks for? Another bad investment?

Posted at 11:49AM on May 14th 2008 by Illinois person

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