Tuesday, February 26, 2008

Michael Jackson May Lose Neverland Ranch

Now where will he play "Hide the Other Glove" with the five-year olds?

LOS ANGELES (Reuters) - Michael Jackson's famed Neverland Valley Ranch in California will be foreclosed and sold on March 19 unless the pop star pays a balance of nearly $25 million, property records showed on Tuesday.

FoxNews.com celebrity columnist Roger Friedman reported on the Web site (www.foxnews.com) that Jackson has been formally apprised of the foreclosure and that legal documents have also been filed with the Santa Barbara County Recorder's office.

"You are in default of a deed of trust ...," Jackson was told in the five-page filing, according to a copy of the document published by FoxNews.com. "Unless you take action to protect your property it may be sold at a public sale." (H/T - Yahoo!)

If I were Jackson, after fixing my nose, I would hurry up and get some scratch for the mortgage. Otherwise, Paula Poundstone may snatch the Ranch from underneath him. Heh.

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