Michael Jackson’s doctor facing foreclosure

From:Business Week
“The paper reports that Dr. Murray is late on $15,165 in payments on his Las Vegas residence, which is located in a gated community on the Red Rock Country Club west of the Strip. Dr. Murray reportedly left his practice for a $150,000 a month gig to serve as Jackson’s personal physician. He hasn’t been paid for his time with Jackson.”

Also of note is the statement Dr. Murray purchased at $1.1 million and refi’d for $1.6 million.  The home ATM principle in action.  I don’t know exactly when Dr. Murray left his practice for the MJ gig, but he probably should have required some payment, even if it was a paltry $50,000/month.