Foreclosures of the rich and famous
Michael Jackson's famed Neverland Valley Ranch in California will be foreclosed and sold on March 19 unless the pop star pays a balance of nearly $25 million, property records showed on Tuesday.Veronica Hearst, wife of the publishing heir, lost Villa Venezia in Florida this week. It went for $22 million, the Palm Beach Post reports:
The buyer is New Stream Capital, the plaintiff in the foreclosure action. It lent over the past two years slightly more than $40 million to Veronica Hearst, stepmom to famous kidnap victim Patty Hearst.