Singer Aretha Franklin and pop star Michael Jackson could both lose their homes to foreclosure, according to articles by the Detroit Free Press and the Associated Press.
Ms. Franklin fell into default for her $700,000 Detroit mansion because of what she calls an “oversight”
Ms. Franklin owes $19,192 in back taxes on the home through 2007, the newspaper says.
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
However through a “mutual agreement” with his creditors, the auction has been postponed to May 14
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. — Lauren Baier Kim
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