Category — Michael Jackson

I’ve said before and I’ll say it again…who would lend money to Michael Jackson? Neverland Ranch was spared from foreclosure once again after a real estate firm called Colony Capital bought out the loan.

I’m really curious as to why Michael Jackson insists on holding on to Neverland, especially after its fallen into such a state of disrepair. What’s it been? About 3 years since someone lived there? Maybe there are so many secrets there and he doesn’t have the time to clean them all out?

In any event, why anyone would lend all those millions to Michael Jackson, hell…any Jackson, is beyond me. I only bet on sure things.

TMZ is reporting Michael Jackson isn’t the only member of the family with money issues. Most of the Jackson Five are holding down the odd job in order to make ends meet.

It seems only the women in the Jackson family are doing well, Janet is the chief earner of the family and just brought her mother a home. LaToya is living with a wealthy business man and earns a living in Europe making public appearance, and Rebbe,who stayed out of the limelight is married to a successful businessman.

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Now that’s he’s abandoned Neverland and rescued it from the auction block, Michael Jackson is looking to refinance or sell.

Though Neverland was spared from public auction, it appears Michael wasn’t bailed out by a generous benefactor as originally reported. Instead, he was granted a stay of execution.

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How does he do it? Someone helped Michael Jackson with a refi and now he’s not going to lose his Neverland Ranch. I don’t get it - If you had a spare $25 million would you lend it to someone who is so deep in debt and continuously defaults on his loans that others have to continuously bail him out? Neither would I, yet there are still people lending Whacko money.

Attention people with money. Michael Jackson is broke. He owes millions upon millions. There are already several multimillion dollar lawsuits against him. If you expect repayment, do not, I repeat, do not, lend this man money.

This has been a public service announcement from your friends at Glamorati.

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