As the future of Neverland remains in doubt, new information has come to light that shows Michael Jackson has made a trend of neglecting his fiscal responsibilities when it comes to home ownership.
He be broke. Not paying bills.
According to public records, Jackson repeatedly failed to make mortgage payments on his Encino, CA property.
Docs show that M.J. had almost $154,000 in missed payments (on a $4 million loan) as of January 17th. However, the default was withdrawn early February.
Wonder who loaned Jacko the money to keep the Encino house?!
Other docs also show that Jackson previously faced possible default over missed payments on the home in April and August of 2007.
Jackson’s people issued no comment about this report.
Britney better take note of this. See what happens when you spend and spend but don’t do any work?
[Image via WENN.]
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