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Looks like there’s another Santa Barbara County home added to the foreclosure list….

Michael Jackson’s Neverland ranch is in foreclosure. According to the records, he took out a $23 Million loan in April of 2006 and as of 10/12/2007 is deliquent in the amount of $23,212,963. The property sits on 2.538 acres and is assesed at $17,942,560 (Land – $6,898,858, Improvements – $11,043,702).

Written by Keith Byrd - Go to Keith's Website/Profile