Locced Down

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 Documents dated Feb. 7 show the notice of default was withdrawn.

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

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.© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. more stories like this

This entry was posted on Thursday, February 28th, 2008 at 10:53 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.