Michael Jackson has more Financial Trouble
Posted on April 27, 2008 at 10:50 am (PST)
Michael Jackson is still drowning in debt. His Encino property is now in foreclosure, and he has received a Notice of Trustee’s Sale dated April 11th, with the three bedroom and three bathroom home scheduled to be sold at a public auction on May 5th at 10:30 am. The debt owed on the property is $414,806.66.
Jackson’s rep says he has paid the debt in full:
"The property has been paid and is no longer in foreclosure."
Michael’s financial empire is slowly crumbling, and soon there won’t even be crumbs left.
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