Michael Jackson's Housing Debt Weighs on Estate, Heirs

Michael Jackson's estate is still in serious debt
Michael Jackson's estate is still in serious debt

Michael Jackson lives on through a mountain of real estate debt still on the books at the one-year anniversary of his passing. Due to this and other deficits, his personal estate's money woes remain steep and still affect the family members he left behind.

With little liquidity floating around, eyes are on Jackson's real estate holdings.

So far, the Jackson family home, a 5-bedroom 7-bathroom, 10,476-square-foot home at 4641 Hayvenhurst Ave; in Encino, Calif., where his mother, Katherine, lives, has managed to avoid foreclosure. But just in the nick of time.