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More Foreclosure News . . .Not Even The Rich Are Safe

Chris Iverson, Realtor

February 28th, 2008 · 3 Comments

I think we will file this under: “News of the Weird”, but I was stunned to see that even Michael Jackson has been unable to escape the clutches of the expanding foreclosure crisis. Apparently, The King of Pop’s has joined the thousands of homeowners across the country who are losing their homes to foreclosure.

Apparently, Jacko owes $24.5 million on the property and the county is planned to foreclose for non-payment of back taxes. The property is scheduled to be auctioned at the courthouse steps on March 19.

Michael - Contact our resident foreclosure and short sale expert, Bart Marchioni, right away. He can help you out.

For all you readers out there, help a reclusive, aging pop star out, go buy a 25th anniversary edition of Thriller. On sale now!

For CNN’s take on the story, click here.

Thanks for reading

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3 responses so far ↓

  • 1 Eric Trailer // Mar 1, 2008 at 1:25 pm

    I think you’re just the man to find a buyer for Michael’s home, Chris! And just think if you can put it together, I’m sure that you would earn invitation to one of his sleep-overs as a “special guest”.

  • 2 Fort Myers Real estate // Mar 11, 2008 at 11:44 am

    I always hoped I could visit neverland someday.
    Now what is there to live for.

  • 3 Celebrities face Foreclosure too | Wexzilla - Phoenix | Scottsdale Real Estate // Jun 11, 2008 at 4:25 am

    [...] Chris Iverson, shared CNN’s take Early this year, when the Micheal Jackson, faced foreclosure on Neverland Ranch until a private investment company bought the loan and saved the King of Pop. [...]

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