Neverland On Auction Block
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AP
Published: February 27, 2008
Court documents say Michael Jackson has until
March 19th to pay more than 24 million dollars he owes on his
Neverland Ranch, or his property will go up for auction.
Fox News obtained court papers showing a title company has filed
a notice of a trustee’s sale with a county superior court. The
papers indicate if there is an auction, the asking price could be
higher than the 24.5 million dollars the entertainer owes. That’s
because of interest due and other costs.
Jackson does not live at the 2,500-acre ranch northwest of Santa
Barbara, California, any more. He’s spent a good deal of time
overseas since his 2005 acquittal on child molestation charges.
He’s also spent some time in Las Vegas as he tries to jump-start
his musical career.
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