Foreclosure Process Ends For Now On Michael Jackson’s Neverland Ranch
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Michael Jackson, world famous singer and one of the worlds most bizarre individuals, was given a reprieve when Colony Capital purchased his 23.5 million dollar mortgage that was in foreclosure. The company says it is re negotiating the lease while they also search for buyers. The Neverland Ranch is famous for it’s collection of roller coasters, amusement rides, and zoo that Michael Jackson had to entertain his guests.
Reportedly there are celebrities looking to buy the home such as soccer star David Beckham.
Michael Jackson avoided foreclosure on his spectacular Neverland Ranch Sunday when a new bank took over the mortgage on the property.
The 2,700-acre spread, complete with amusement park and menagerie, had been expected to be auctioned off this week after Jacko defaulted on payments.
But Colony Capital, a real estate investment firm, bought the $23.5 million mortgage and said it was negotiating a new payment plan. via NY Daily News.
Luke Mullins at US News has more on the Neverland Ranch mortgage sale.
Don't think that the refund will be rushed to you. I took advantage of the $8000. Told refund by June ...
What an asinine idea. What ever happened to personal responsibility in this country? I feel for homeowners who ...
Print is on the way out and cost to much. I can deliver more content online for a lot ...
A shrink-wrapped house probably would look even worse than just a regular old abandoned one. 
Interesting idea...but what happens next? 
NYC has the record of consecutive years with over 2200 murders, in 94 the bronx alone had over 600. 
Only a Banker or a government official, or a member of congress, or the president could come up with something ...
I had no idea what Chinese drywall was until now. Me and my partner are first time home buyers and ...
Awesome! But one can not ensure a peaceful and healthy life around this circumstances. We can have this life style ...
Seems to be an interesting idea. I assume we will get more to see like this. 
