Michael Jackson set to lose Neverland?
Washington, November 7: A concrete evidence confirming speculations that pop star Michael Jackson may lose his Neverland estate due to his failure to repay a loan has now surfaced.
The Implode-O-meter has reportedly obtained the foreclosure and Notice of Default report for Santa Barbara County, which enlists Jacksonâ€™s estate.
According to TMZ, the Notice of Defaults in the state of California generally go out when a homeowner misses third payment.
The documents show that Jackson 212,963 dollars delinquent on the loan's principal of 23 million dollars.
The singerâ€™s representatives were unavailable for comment. (ANI)