More troubling, Mr. Jackson had fallen behind on the payments for a $5 million IndyMac loan secured by the house. The property was scheduled to enter foreclosure the day after Mr. Jackson died. A nearby condominium, four months behind on loan payments and homeowners' dues, was also threatened with foreclosure, according to people familiar with the matter. Mr. Jackson's representatives have now paid off those loans.
Yes, that was an interesting article. I still don't buy that Michael was in that much trouble financially. But it's interesting that they say the Encino home was scheduled for forecloser ONE DAY after Michael died. Also of interest was the comment that the Estate may not pay off the Sony/ATV loan but rather sell it at a deep discount???? I don't really think that is what Michael would want. If they do that then I might be led to believe that Michael is indeed no longer alive.
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huggs n keep the faith
suzz
Yes, that was an interesting article. I still don't buy that Michael was in that much trouble financially. But it's interesting that they say the Encino home was scheduled for forecloser ONE DAY after Michael died. Also of interest was the comment that the Estate may not pay off the Sony/ATV loan but rather sell it at a deep discount???? I don't really think that is what Michael would want. If they do that then I might be led to believe that Michael is indeed no longer alive.