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MJ’s Pretty Broke On The Outside

jacko_needs_some_cash.jpg
Perpetual celeb-poacher Pretty On The Outside set their merciless sights on Michael Jackson, who’s $212,963 away from losing his famed Neverland Ranch. TMZ reported yesterday:

…Jackson is, as of October 12, delinquent $23,212,963 on a $23,000,000 loan.

Notice of Defaults in the state of California typically go out when a homeowner misses their third payment. After another 30 days, the homeowner is issued a foreclosure notice. According to this document, it appears that the King of Pop is $212,963 delinquent on the loan’s principal of $23 mil.

Poor Jacko… No, seriously: poor Jacko.

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By:           Andrew Belonksy
On:           Nov 7, 2007
Tagged: , , , ,
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