LaToya Jackson's condo in default

[Liberal_in_LA]

purchased 13 years ago for 260K, balanced owed = 750K. Someone took out some big equity loans.


LaToya Jackson's condo in default

LaToya Jackson appears to be on the verge of joining the celebrity foreclosure list.

A Las Vegas condo she purchased in 1996 for about $260,000 is in default with an unpaid balance of $750,000, according to documents filed in the Clark County recorder's office.

The property, which went into default in August 2006, is an 1,856-square foot 27th floor unit at Regency Towers inside Las Vegas Country Club.

Jackson, 53, was seen moving possessions out of Regency Towers days before the property was to go to public auction August 31.

http://www.lvrj.com/news/58450762.html

[Lagomorph]

1. Equity is the Devil!!!!

[Liberal_in_LA]

2. Equity is good. Just don't raid it for vacations and plastic surgery and shit

[Lagomorph]

3. "I can resist anything, except temptation"

WC Fields

[JeanGrey]

4. She's been all over the "View" this week, lying through her

teeth, especially about Joe Jackson, trying to act like Joe was a wonderful father. LaToya is probably being blackballed by the family as she was one of the few who told the truth. That is gone now. Really disgusting.