Skip navigation
sponsored by 

Jackson failed to make mortgage payments

The singer had $153,910 in missed payments as of Jan. 17 on family home

updated 6:14 p.m. ET Feb. 28, 2008

LOS ANGELES - Public documents show Michael Jackson has repeatedly failed to make mortgage payments on a Los Angeles home that has been used for years by his family.

Documents filed with the Los Angeles County Recorder’s Office indicate the reclusive pop star was most recently in default last month on the property in Encino, an area in the San Fernando Valley.

The singer had $153,910 in missed payments as of Jan. 17 on a $4 million loan serviced by Pasadena-based mortgage lender IndyMac Bancorp. Documents dated Feb. 7 show the notice of default was withdrawn.

Story continues below ↓
advertisement

Documents also show Jackson previously faced possible default over missed payments on the home in April and August.

  Click for related content

A spokeswoman for Jackson did not immediately return a call for comment.

Jackson’s Neverland property in Los Olivos, Calif., is set to be auctioned off March 19 because of missed payments on a $24.5 million loan.

© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sponsored links

Resource guide

Get Your 2008 Credit Score

Race the World. 8/31/08

Find a business to start

Movies delivered - Try free

Search Jobs

Find Your Dream Home

$7 trades, no fee IRAs

Find your next car