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michael jackson to lose neverland ranch

Discussion in 'The Attic' started by GGW Laurie, Feb 27, 2008.

    Feb 27, 2008
  1. GGW Laurie

    GGW Laurie Dormant account

    Occupation:
    Self Employed
    Location:
    In the Beautiful South !!
    poor jacko :rolleyes: Feb. 26, 2008, 8:42 PM EST
    The Associated Press

    Michael Jackson's Neverland Ranch will be put up for sale at a public auction next month unless the pop star pays the more than $24 million he still owes on the property, according to a Tuesday court filing.

    Financial Title Co. filed the notice of trustee's sale with Santa Barbara County Superior Court, setting the auction date for March 19. A spokeswoman for Jackson did not immediately return a call for comment.

    Julie Wagner, a manager at the San Francisco-based title company, confirmed that Jackson's property was set for auction.

    Court documents obtained by Fox News warn Jackson that he has until the date of the auction to take action to keep his lavish estate.

    If the property does go to auction, the initial asking price could be higher than the $24.5 million Jackson owes because of interest due and other costs, according to the filing. Everything from the estate's merry-go-round and other carnival rides, locomotives, sculptures to the curtains and bath tubs in the estate would be up for sale should the auction take place, according to the filing.

    The reclusive star no longer lives at the famous, 2,500-acre spread in Los Olivos, a popular tourist spot northwest of Santa Barbara known for its wineries.

    He's been mostly residing abroad since his 2005 acquittal on child molestation charges, although he has spent time in Las Vegas as he tries to stage his musical comeback.
     
  2. Feb 27, 2008
  3. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Poor...poor Michael...the jerk should have thought about that went he was molesting those kids...:rolleyes:...No sympathy here...
     
    1 person likes this.
  4. Feb 27, 2008
  5. bryand

    bryand Beach Bum

    Occupation:
    Legal
    Location:
    Just Across the Hudson River
    He should have just Beat It.
     
    2 people like this.
  6. Feb 28, 2008
  7. BingoT

    BingoT Nurses love to give shots

    Occupation:
    Nursing & Run Bus Trips
    Location:
    Hartford,Ct
    Poor Michael
    Where will he take the kids to play now.

    [​IMG]

    [​IMG]
     
    1 person likes this.
  8. Feb 28, 2008
  9. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    So when Michael starts playing in Vegas, will you have to be 18 to see his shows? :lolup:

    I can see him now - handing out backstage passes to the kids :D
     
  10. Feb 28, 2008
  11. BingoT

    BingoT Nurses love to give shots

    Occupation:
    Nursing & Run Bus Trips
    Location:
    Hartford,Ct
    Michael's Room make an offer.


    [​IMG]
     

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