When the Checks Stop Coming In

Posted on January 14th, 2008 - By Bossip Staff

Categories: Michael Jackson, News, When The Checks Stop Coming In

Posted by Bossip Staff

Michael Jackson Covered up face

Michael Jackson’s Neverland Ranch may be up for foreclosure sooner than later:

The mortgage broker trying to find refinancing for Jackson on a $23 million loan held by Fortress Investments using Neverland as security has so far come up empty. There is literally no interest from anyone in saving Jackson in this situation. If Neverland is not refinanced, Fortress can foreclose and sell the ranch at auction. Recently, Fortress laid off $300 million in loans to Jackson on HSBC. The refinancing resulted in Jackson’s paying off around $20 million in debt, but it still left him cash-strapped and unable to deal with the Neverland crisis.

Jackson has recently been living rent-free with his three children in the Palms casino in Las Vegas as a guest of the Maloof brothers. The Maloofs would be the latest hosts upon whom Jackson has mooched, following Prince Abdullah of Bahrain, dancer Michael Flatley and Prince Jefri of Brunei.

He better get his Billie Jean swagger back, and produce some stacks from this new Thriller project. Otherwise, Neverland will no longer be his. Poor thang.

Source

  • Kay Phillips

    :o )

  • http://www.myspace.com/mallymaal maaly

    someone put him out of his misery please, his music will always be the ish but im just tired of seeing this mans sitution and mental health decline

  • Ibn

    Im sorry but thats what he gets. Just like hammer spending obscene amount of money on a house and paintings in michaels case, will brake you. He better sell pictures of blankets face or something.

  • Bones Jordan, Paige’s man

    @ Maaly and Ibn, I completely agree guys. It’s sad for me to cosign but I am doing just that.

  • PrettyMissSunshine

    This is truly a sad day when MJ is under the title of “When the Checks Stop Coming In” Say it aint so Mike, Say It aint so!!!

  • http://www.celebpsychic.blogspot.com celebrity psychic

    When will you have your babies?

    Or get married?

    Contact the celebpsychic at http://www.celebpsychic.blogspot.com

  • Don’t mind me

    Good it was only for grooming kids anyway- look @ the state of it

  • http://www.theblackactor.com/ Baby Please

    It’s hard to believe he could be almost broke.

    http://www.theblackactor.com

  • http://www.youtube.com/watch?v=WlWNBCPkiWQ leave it be

    hmmm….karma

  • Dalia

    His poor nose.

    I wonder if when he gets a cold, he can pop it off, clear his head through the hole, and then pop it back on?

    His poor nose.

  • Curly Fries

    He’s pitiful. That’s the only word I can think of to describe him. I betcha that man has no peace of mind. No doubt he’s suffering from depression. He was more than just a superstar, he was a mega-star. Now, he’s reduced to this. I really feel sorry for him.

  • Don’t mind me

    he sneezes and it flies across the room

  • Bones Jordan, Paige’s man

    @ LIB, sweetheart doesn’t he still own the Beatles catalouge or no?

  • Bones Jordan, Paige’s man

    @ Curly Fries, why feel sorry for a chester?

  • ESL

    LOL @ Dalia, “His poor nose”

  • http://www.youtube.com/watch?v=WlWNBCPkiWQ leave it be

    bonesie…he sold some of the songs to nike…more of a reason for karma to get him…he wouldnt sell them to paul mccartney…..

  • up2nogood

    What in the unmanly hell is he. Wow. Once he left neverland he didn’t even look back. He don’t care. He too busy mooching off other peoples money, and looking for the next suckar.

  • DC

    michael jackson is not a child molester. if he was, they would have been able to prove it in court. period.

  • lainy

    I get the I have worked all of my life and I am taking a break but when you are Michael Jackson and going broke it is time to start making some music for somebody. Dang does he think it is all going to pay for itself?

  • DC

    and you can’t say ‘he paid them off’ if you’re hollering that he’s broke, because people were claiming that he was broke back then too. either he is or he isn’t. make up your minds already.

  • lainy

    another thing, when you have money to waste to have your entire face reconstructed then I guess I can’t feel so bad.

  • anonymous

    michael jackson, the man who owns his music as well as the beatles’, going broke? LMAO!! and you people actually believe this? LMAO!!! yeah, americans are idiots that will believe anything you tell them.

  • anonymous

    how many of you are facing eviction or foreclosure right about now? even if this is true, which it’s not, at least michael owns other homes. your broke asses would be right on the sidewalk.

  • crazy black lady

    michael’s nose is dead….

  • http://yahoo.com Southern Belle 225

    okay, at everyone saying that mike aint broke. when you aint broke, you don’t just walk away from your home and let it go into for closure. you sell it if you dont’ want it to be there anymore. also, do we not remember all of the lawyers and different people that were suing him a while back? And as far as the songs go, I don’t know. Last time I heard anything about that catalog, a lot of songs had been sold from it. sooo….non of us really know for sure what his finances are but I know what it looks like.

    also, for the person who said that he aint a child molester becuase they could not convict him must live on another planet. Remember OJ? Just like there are alot of wrongly convicted people, there are alot of guilty people that are able to beat the system.

  • Bones Jordan, Paige’s man

    @ Southern Belle, preach it girl!!

  • Spike Lee is pigeon toed

    This white man is old news.

  • James

    @dayg715

    I agree 100%, why are blacks so quick to trash another black person. I fail to understand why people do not real, i guess, it is true, if “you want to hide something from a black person, put it in a book”, that sad. How can Michael be broke, when he still has half of a beatle catalog thats worth 500million, not to mention, he still receives tons of royalties. Every time beatle billionaire front man Paul McCartney performs or release an album, Mike gets paid. I don’t care about the molestation accusations, that’s none of my business. All i know is the man is talented! I hope Black people stick together man.

  • James

    sorry about the bad typo, i am on the train.

  • tlatrice

    i doubt that mj is broke.

    the man has been making money since he was 11.

    someone mentioned hammer…hammer apprently built a $40 million house that ended up selling for like $6 mil. mj had made more money than that about 10 years before hammer came onto the scene. there’s no comparison.

    @southern belle

    when you aint broke, you don’t just walk away from your home and let it go into for closure. you sell it if you dont’ want it to be there anymore.

    __________________________________________________

    when you’ve got homes all over the planet, what’s one??? and sell it to who??? who would buy that place??? if he did try to sell it, he’d never get a fair price for it, simply because of what supposedly took place there. anyway mj said he didn’t want neverland. people like mj don’t have to worry about a foreclosure ruining their credit score. it’s no biggie for him to walk away.

    finally, do you honestly believe that this man doesn’t have money in foreign countries that the irs can’t touch (i’m thinking swii accounts. the cayman islands)? so yeah, the irs says he’s broke, cuz as far as thier concerned, he ain’t got no maney that they can get. lol!!!

    newsflash, the us is not the only place where this man is a star. even during the whole moestation case here in the US, his album, Number 1′s went to number one on the charts in the UK. mind u, it contained NO new music.

    sad to see him become such a side show, though. but i doubt that he’s broke.

  • John

    People, Michael got money, beleive me. The Jacksons have a way of hiding there income. These rich people in Vegas is not taking in some broke maniac. Dude probaly got his money in Europe or Switzerland. Michael know what hes doing!!

  • John

    Correction ” Hiding Their income”

  • EZ Rawlins

    If MJ is no longer interested in his home, then maybe the foreclosure thing is good for him. certainly he’s not worried about a foreclosure’s effect on his credit score; his assest can overcome whatever ‘hit’ he might suffer. Better to tag a bank with a $23 million property that’ll never sell for it’s value than to prop it up and suffer the loss oneself.

  • ANNMARIE

    michael jackson will always b a smooth criminal owwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww whoes bad

  • NubianGoddez

    He will never get his swagger back and quite frankly need to disappear, he is a pathetic self hating loser. he was great once, till he lost his mind to mental illness and trying to emulate looking like melanin, recessive, mutated, knifed up yt. go way freak!!

  • tlatrice (Take That Pic Of Lil Kim Down!)

    take the pic of lik’ kim’s cooch down!

  • Q.B. Mountain

    It’s not cool to mess with Mike.

  • Savvy

    diiiiiiiiiiiiii-gusting! that nose is just awful! ewww…

  • http://AOL.COM BROWN&BROWN

    WHAT THE F**K HAPPEN TO THIS ASSHOLE? LITTLE BOYS OR MONEY

  • Roni

    Poor thang my ass!He will NEVER be broke like “regular” people are broke. I DO believe he is a child molester and has an identity problem so F*CK HIM!!

  • keltharocka

    MJ had to sell “shares” of the Beatles catalogue to counter some of his mounting debts a few years ago. He isn’t the sole ower of it anymore and if things keep going the way things are, he will lose all of it. And you best believe that Ringo, Paul and Yoko have already gathered up enough money to buy it completely off of him….if they alredy haven’t.

    Completly broke, nah… but he got alot of catching up to do.

  • Corree

    Crazy as hell, molester, nose made of play dough, transluscent skin, questionable parenting skills…yes. Broke….hell to the no!!

  • http://yahoo sweetness61

    There ain’t nothing broke about mike, except for his nose.little pieces broke-off bit by bit, day by day, til there was nothing left but little flaps of skin.

    now it’s broke…….

  • http://yahoo THE LONE POET

    there once was a boy named mike,

    when young he never owned a bike .

    he could dance and sing, like everything,

    but a kid he would never be……

    his dad was some kind of freak.

    into mikes room he’d sometimes sneak,

    climb into his bed,give michael head,

    and cuddle til he fell asleep……

    and now that mike is a man,

    his father he cannot stand

    so he bought lots of toys,

    to attract little boys.

    to molest whenever he can……

  • http://www.google.com John Doe

    1b70dfb3bf3fde2dcb6465c43dd80bc8

  • http://www.google.com John Doe

    426f6194ef5d9a7c2b33ec076d8e395f

  • http://www.MichaelJacksonTickets.org.uk Daniel

    Does anyone else have any experience with this?

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