Michael Jackson's reported financial woes are not exclusive to his Neverland Ranch. Newly disclosed public records obtained by E! online show that the singer is also behind on the mortgage at his family home in Encino.

Jackson reportedly failed to make payments of $153,000 to mortgage lender Indymac Bancorp as part of a $4 million loan he took out on the Encino property. Consequently, the King of Pop faces the possibility of defaulting on his financial obligation, which could result in foreclosure.

A document filed with the Los Angeles County Recorder's Office dated Feb. 7 reveals that the Pasadena-based company originally issued a notice of default to Jackson, but then vacated it, E! reports.

Meanwhile, Jackson's Neverland Ranch in Santa Barbara is on the verge of being auctioned off on March 19 if he fails to come up with $24.5 million owed to San Francisco-based lender Financial Title Co.