Michael Jackson pays taxes on Neverland but it may still foreclose
Posted on February 7th, 2008 by Hot Momma
Michael Jackson has managed to finally cough up the dough for a state tax lien on his all-but-abandoned Neverland Valley Ranch in Los Olivos, Calif. The total, according to the assessor’s office, came to just over $600,000, including penalties and fees. The property has been rumored to be in foreclosure forever but there has been no buyers!
However, the payment doesn’t cover the $23 million for which Jackson still owes in loans he’s taken out against Neverland. A source claims that the $23 million loan is two weeks past its foreclosure deadline…which means those creditors could take Michael to court at any time!
No word on whether Michael will make an appearance at this weekend’s Grammys, or afterward to the private celebration for Motown founder Berry Gordy, who’s being honored by the National Academy of Recording Arts and Sciences as an “industry icon.”
Older (Possibly) Related Posts:
No comments yet.