Queen of Soul, King of Pop Risk Foreclosure


	Queen of Soul, King of Pop Risk Foreclosure

BobbyDelray

3-17-2008 2:49 PM

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3-18-2008 6:12 PM

kkcapricorn

What a cruel world for the wealthy.
A $700.000 mansion? Poor thing, will just have to downsize.
As for the other one -- I don't care.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/493e14c9-e2a9-431e-a5b8-d56d6866d841/E53B9754-6729-4838-8400-7184A8501CD3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/" href="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/">Singer Aretha Franklin and pop star Michael Jackson could both lose their homes to foreclosure, according to articles by the <A target="blank" href="http://www.freep.com/apps/pbcs.dll/article?AID=/20080313/NEWS01/803130364">Detroit Free Press </A>and the <A target="blank" href="http://www.startribune.com/entertainment/music/16673151.html">Associated Press</A>.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/">Ms. Franklin fell into default for her $700,000 Detroit mansion because of what she calls an “oversight” </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/">Ms. Franklin owes $19,192 in back taxes on the home through 2007, the newspaper says.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/">Meanwhile, Mr. Jackson’s home was scheduled to be auctioned off this week because of the $24.5 million that he owes on his mortgage for his Neverland Estate in Los Olivos, Calif</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/blogs.wsj.com/img/204E183E-85D3-41CA-B155-AF15F748217B" alt="devel_neverland_art_257_20080317093636.jpg" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/">However through a “mutual agreement” with his creditors, the auction has been postponed to May 14</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/03/17/queen-of-soul-king-of-pop-risk-foreclosure/"><P>Mr. Jackson’s estate, which he reportedly no longer lives in, once boasted a working private amusement park, with a merry-go-round, Ferris wheel, bumper cars, roller coaster and a zoo, the Star Tribune says.<EM> — Lauren Baier Kim</EM></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E53B9754-6729-4838-8400-7184A8501CD3/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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