Michael Jackson Facing Foreclosure x 2

Posted by Steve Rhode as Mortgage Related

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We’ve all heard so much about the increasing foreclosure rate in the U.S. and as unfortunate as the foreclosure mess is, this story will put a smile on the face of everyday people dealing with mortgage debt.

Recently it was disclosed that Michael Jackson’s Neverland Ranch was way behind in mortgage payments and facing foreclosure. But news out now also revels that Michael Jackson is also months and months behind in paying the mortgage on the home his family lives in.

Jackson owes $153,910 in back mortgage payments on the Encino, California. But this isn’t the first time the family has stressed by Michael Jackson missing payments. It also occurred in April and August of 2007.

How ironic would it be if his debt collector chasing him was named Billy Jean?