By now, all the children know that Your Mama finds former super star turned tabloid train wreck Michael Jackson fully fascinating. Over the last few months we've frequently discussed his ongoing real estate saga regarding the possible foreclosure of the 2,700 acre Neverland Ranch in the Santa Ynez Valley. The ranch was scheduled to go into foreclosure on January 19, but all the gossips and tabloids have been curiously quiet on the subject. Except Mister Roger Friedman over at Fox News, who yesterday dished all the latest juicy dirt about the financially strapped and essentially homeless Mister Jackson.
According to Mister Friedman's sources, The White Lady's loyal and long time spokesperson, that poor ka-razy talkin' Raymone Bain, has been booted from the inner circle. Apparently she denies it, so who knows. But Your Mama called that one. We just knew that Mister Jackson would throw that ladee under the bus when the money ran out. Also out of the inner circle, according to Mister Friedman, is the children's long time nanny Grace, who may in fact only be sick and staying at her own dee-luxe condo in Las Vegas rather than at the Palms casino where The White Lady is currently holed up with his three white children.
Now here's the real estate stuff...According to Mister Friedman, The White Lady is out looking to spend a little bit of his recent cash infusion on a new house in Las Vegas. Which would be a good thing, because let's be honest, raising them three kids in a damn casino can only lead to tears and trauma. Las Vegas real estate is currently in the terlit, so The White Lady can prolly get himself a big ass home in a gated development at a good price. We just hope there's a staff room back behind the kitchen for that poor Miz Bain.
As for the once beloved Neverland Ranch, well, Mister Friedman's sources whispered to him that supermarket magnate Ron Burkle might have intervened and convinced the fine folks at Fortress (Mister Jackson's eager to be paid creditor on the $23,000,000 loan secured by Neverland Ranch) to provide an extension which would allow Mister Jackson to scramble a while longer looking for someone, anyone, to step in and help him refinance the debt.
Your Mama can't tell the children how we know this or we'd have to kill you, but we understand from a secret source that Mister Jackson's people are actively seeking an entity to step in and save the day. But here's what Your Mama really wants to know: Why doesn't billionaire Burkle just carry the loan on his rather large financial back? Twenty three million is pennies to him. What does Mister Burkle know that we don't?