Jackson having problems paying mortgage

February 29, 2008 4:53:45 AM PST
It's not just Michael Jackson's Neverland ranch that's in financial trouble.The house in Los Angeles that's been used for years by his family is, too. Documents filed with the Los Angeles County Recorder's Office indicates Jackson had nearly $154,000 in missed payments on a $4 million loan as of January 17th.

Documents dated February 7th show the notice of default was withdrawn. The documents show Jackson faced possible default over missed payments on the home in April and in August. Neverland, in Los Olivos, California, is set to be auctioned off March 19th because of missed payments on a loan for $24.5 million.

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