Celebrities are just like us: They have bad credit

Michael Jackson has been behind on his mortgage a few times this year, prompting foreclosure notices and credit damage. According to a UPI report, the pop star received a foreclosure notice on his parent's $7 million California home for the second time this year.

Jackson has developed a pattern of not paying bills until legal action is taken against him, Fox columnist Roger Friedman reported.

Unfortunately, Jackson is not alone in this pattern. Foreclosures in California have increased 67% over the last few months. Las Vegas, Phoenix and Colorado are also showing similar increases. Being late on your mortgage payments not only damages your credit scores, but can also put you at risk for losing your home. If you are concerned about possibly losing your home to foreclosure, read this great article from Gerri Detweiler right away.