Posted by Bossip Staff

The other Pied Pedo is in the news this morning:

“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. Jackson, 49, will likely sell the property, and soccer star David Beckham is one of the celebs reportedly thinking of buying it.”

For someone with money problems, he sure has a lot of stacks coming his way. It looks like Jacko’s world is crumbling around him, but it’s impossible to take pity on a dude who likes to have sleep overs with young boys and force his “offspring” to wear masks.

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