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Jacko Defaulting on Another Mortgage


03/03/2008
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(Gigwise) Michael Jackson is facing further financial trouble after documents emerged showing that the pop star has failed maintain mortgage payments on a family home.

The public documents, which were filed with the Los Angeles country recorder, relate to a family owned property in Encino, California.

According the papers, as of January 17th Jackson had missed $153,910 worth of payments on a $4m loan issued by Indymac Bancorp, a Californian mortgage lender. - more on this story

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