Michael Jackson About to Lose Neverland Ranch
Posted February 27th, 2008
It’s an iconic place named after the fantastic world of Peter Pan. But unless Michael Jackson comes up with some serious cash soon, he’ll lose Neverland Ranch.
The “Thriller” singer has been foreclosed on by Financial Title Company, who filed a notice of a trustee’s sale yesterday.
According to the paperwork, the “Beat It” singer will have to pay more than $24 million if he hopes to remain the owner of Neverland. And he must do it by March 19th to avoid a public auction.
In the event that Neverland is auctioned, it is important to note that the new owner will take possession of everything on the property, to include rides, furniture, appliances, etc. Jackson hasn’t lived there since 2005, so it will be interesting to see how this plays out.
Stay tuned to the Gossip Girls for the latest on Jackson’s ranch.
Email to a friend
