Michael Jackson may lose Neverland
by Roberta Ferguson on October 27, 2007 | Comments Off
Due to an unpaid loan, Michael Jackson may lose the Neverland Ranch, if he doesn’t comply in paying $23 million in ninety days:
The Thriller singer has been put on notice after reportedly defaulting on the $23 million loan with Fortress Music Trust, which he was to have reimbursed by October 12th. Legal papers were filed under the title of ‘Notice Of Default And Election to Sell’ in Santa Barbara County on October 12th, according to FoxNew.com’s Roger Friedman.
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