Home Mortgage Foreclosures Forum

Home Mortgage Foreclosures => Foreclosure Watch - Latest Foreclosure News and Trends => Topic started by: lizandjer on May 13, 2008, 01:01:13 AM



Title: Michael Jackson Avoids Foreclosure
Post by: lizandjer on May 13, 2008, 01:01:13 AM
U.S. News and World Report is reporting that Michael Jackson has narrowly avoided foreclosure through a private equity firming picking up the $23.5M loan on Neverland ranch.  What the private equity firm is getting in exchange for the mortgage on Neverland ranch is not yet clear.

Michael Jackson Avoids Foreclosure (http://www.usnews.com/blogs/the-home-front/2008/05/12/michael-jackson-dodges-foreclosure.html)