Money trouble escalates for MJ while Neverland Ranch is preparing for auction...

[88survivor]

http://www.wsbtv.com/entertainment/15447780/detail.html?rss=atl&psp=entertainment

Is this guy really stupid or just plain dumb? MJ might have been on the poverty level. It's all those million dollar surgeries, you nutjob freak!

[Ireneparalegal]

Nancy Grace last night talked abt this whole situation and it was said that Michael "might" be able to get a loan to save Netherland. I don't blame him for wanting to try and save that property, the area (Santa Ynez Valley) is just gorgeous.

His spending habits can be considered out of this world too.

[waichingliu81]

Dotmusic - Friday, February 29 05:45 pm

The fragile state of Michael Jackson's finances look to have been confirmed, after further debts emerged. The news comes just days after it was claimed the pop icon will lose his infamous Neverland ranch unless he covers arrears of $25 million on the estate. According to documents filed in Los Angeles, Jacko has also missed payments of over $150,000 on a separate property in Encino, California, reports the BBC. The home has been used by members of his family in recent years but the star looks to have fallen behind on the mortgage with lenders Indymac Bancorp. The documents suggest he has previously come close to defaulting on the loan in April and August 2007. Neverland will apparently be auctioned next month unless Jackson meets the outstanding sum.

http://uk.news.yahoo.com/dotmusic/20080229/ten-jackson-s-finances-exposed-31c8aba.html

[dlemond]

I said you wanna be sellin' somethin'
You got to be sellin' somethin'
I said you wanna be sellin' somethin'
You got to be sellin' somethin'

[Dean Winchester]

how the hell is he still losing money with the Thriller 25 thing selling decent numbers and his catalog is doing remarkably well currently considering it's been seven years since we had a new album. Hell, La Toya is living just fine with no money troubles and her biggest album hasn't sold 1/10th of Invincible

[88survivor]

Penny-wise and pound foolish, I guess.:confused:

[waichingliu81]

how the hell is he still losing money with the Thriller 25 thing selling decent numbers and his catalog is doing remarkably well currently considering it's been seven years since we had a new album. Hell, La Toya is living just fine with no money troubles and her biggest album hasn't sold 1/10th of Invincible

perhaps jacko is just lousy with money. he keeps spending it on things he doesn't neccessarily need himself

[waichingliu81]

I said you wanna be sellin' somethin'
You got to be sellin' somethin'
I said you wanna be sellin' somethin'
You got to be sellin' somethin'

:rofl:

[eltonfan80]

I said you wanna be sellin' somethin'
You got to be sellin' somethin'
I said you wanna be sellin' somethin'
You got to be sellin' somethin'ha ha ha that's funny