The pop star Michael Jackson has managed to avoid losing his home in La, after paying $414,806. The three bedroom house in Encino had been scheduled for a public foreclosure auction on May 5, according to A Notice of Trustee’s Sale filed on April this month.
Not long ago, the singer managed a deal with Fortress Investment Group LLC to refinance his 2,800 acre neverland ranch, in CA. According to L.Londell McMillan, lawyer of the singer, Michael Jackson has saved the house by settling his debts.
“They’ve sorted out a confidential agreement. Neverland and Michael Jackson are fine.”
Michael Jackson is really lucky, he has escaped multiple chield sex charges that could have sent him to prison for nearly 20 years, foreclosure on his ranch that is valued at approximately $120 million, and again a new foreclosure on his Encine home.
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