I agree...
michael will Save Neverland
Michael Jackson will avoid foreclosure on his Neverland Ranch property with a new loan, a Jackson insider told CNN Wednesday. Documents show that Neverland Ranch in Los Olivos, California, is scheduled for a public auction on March 19 at Santa Barbara’s downtown courthouse. But the Jackson source said that won’t happen.
“Michael Jackson’s ranch is not going to be auctioned off at the courthouse,” the Jackson insider said. “The financing is all being worked out. There are plenty of lenders willing to work with him. The real estate market is very bad right now and Jackson is being affected just like many other Americans,” the source said.
CNN
its on mjstar i just saw it yaaaaaaaaaaaaay
Well MJ is known as a contraversial popstar. Would you suggest that he do away with himself too? Joe did not raise no coward for a son. Michael Joseph Jackson will not bow to intimidation. 'he ain't scared a no sheet'.
What is wise for Michael Jackson is what he determines to be wise for him... with respect to all of his finances and assets.
27 February 2008
Jackson Seeks To Keep Neverland Ranch
Michael Jackson will avoid foreclosure on his Neverland Ranch property with a new loan, a Jackson insider told CNN Wednesday.
Documents show that Neverland Ranch in Los Olivos, California, is scheduled for a public auction on March 19 at Santa Barbara’s downtown courthouse.
But the Jackson source said that won’t happen.
“Michael Jackson’s ranch is not going to be auctioned off at the courthouse,” the Jackson insider said. “The financing is all being worked out.”
“There are plenty of lenders willing to work with him. The real estate market is very bad right now and Jackson is being affected just like many other Americans,” the source said.
The Santa Barbara County Recorder’s Web site lists a “notice of trustees sale” by Jackson and his property lenders, Financial Title Company, filed Monday.
In California, title companies typically represent lenders in foreclosure cases.
A notice of trustees sale cannot be posted earlier than 90 days after a notice of default is filed. That notice is not filed unless a loan is in substantial default, sometimes six months or more past due.
A real estate source inside Santa Barbara County said the trustees filing is only the first step in a long process that could drag on for months.
The real estate source said other options are available to Jackson, including selling the ranch directly to another party or making a payment on his $24.5 million Neverland debt that would satisfy the trustee.
The recorder’s Web site also reveals there was a release of lien on Jackson on February 4, showing he paid off all or part of delinquent taxes to the state of California.
“It seems unlikely that someone would pay off back taxes, only to let the ranch go up for auction a few weeks later,” said the real estate source.
Jackson has not lived at Neverland since June 2005.
Source: CNN
That is what I was talking about. Why did this make news? Now, the media is going to look like idoits even more with egg on their faces. And yes, people are really going to understand because 40-50% of the housing market in going through this.
So true. Why is his any of his business? I have seen an "columnist" writer this so involved in a celebrity money case. What is it? And what I want know, who giving this nut information that he feels he needs to report? It is very clear that RF wants control over Michael. He even claimed Thriller 25 was a flop. Even other journalist and music critics said Thriller is a success to be doing what it is doing and many of them seem to be happy that such a old songs were remixed (this cd is sell out which is why I do not know why store are not stocking it even more). So again, I do not know what is this man's (RF) problem.
At least NOW there won't be day after day after day of ppl having a go at this til March 19. Dear God! unk:no? *throws confetti on everyone. GET HAPPY!*whispers* Papa, don't preach, I'm keepin' ma babayyy.
Looks like he wants to keep da babayyy!
I think we all KNOW why this made news. It happens like clockwork. No one should be surprised, imo. It's unfortunate that it continues to get FED...over and over again. And I'm not just talking about the media.
Now, back to the T25 celebration, yes?
Is everyone in shock? :fear: I really, really hope he doesn't loose it. It wouldn't be right. Neverland is MICHAEL'S not winning bidder's. Oh God, I REALLY hope so. *crosses fingers* 'cause he hasn't seemed to of been living there since before the trial, which is sad.