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MICHAEL JACKSON'S ENCINO HOME IN TROUBLE, TOO?
Source: eurweb.com
Posted on: December 7, 2007 09:37 PST
Filed under: R&B, Pop, Celebs

MICHAEL JACKSON

*Fox.com columnist Roger Friedman is reporting that Michael Jackson is now in danger of losing two homes.

In addition to defaulting on a $23 million loan secured by his Neverland Ranch, the singer is said to be in tax default on his parents' home in Encino, Calif. According to Friedman, the house was on the county's defaulted tax roll as of Wednesday.

"If someone doesn't pay the county $16,293.10 by this Monday, there's going to be trouble with the county," Friedman wrote in his Thursday column. "Jackson has a $4 million mortgage on the property where his parents and various family members alight from time to time."

As Freidman previously reported, Jackson has until Jan. 19 to pay the full amount of his Neverland-secured loan to New York's Fortress Investments, the first publicly traded hedge fund. If he fails to do so, the property will go into foreclosure.

So far, no payments have been made and Jackson remains in default, Freidman wrote.

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Comments:

Posted By: mad
Date: Fri, Dec 7, 2007 10:18:41 PST
LEAVE MICHAEL JACKSON THE HELL ALONE!!! DANG!!!!!!!!!!!!


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