Estate Of the Day: Michael Jackson’s Neverland Ranch Faces Foreclosure

November 9, 2007 | Posted by Allison as Estate of the Day at 8:00 am | (13) Comments »

neverland-ranch.jpgWhile we’ve lately send the end of Michael Jackson running to other countries for safety, I think we might have seen the last of that pale end.

Jackson’s Neverland Ranch is facing foreclosure.  We have seen our fair share of celebrity foreclosures from Courtney Love to Don Johnson, but very very rarely do you see the debt amount so high.  Jackson owes a total of $23,212,963 on a $23,000,000 loan.  Oops.  I don’t think even pal Elizabeth Taylor can bail him out of this one!

Maybe we will soon get the chance to bid on the infamous Neverland Ranch in a Soetheby’s auction, there’s always hope anyway, eh?