Michale Jackson to lose his home Neverland Ranch.

Last Revised on February 26, 2008

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Michael Jackson’s Neverland Ranch will be foreclosed and sold unless its balance is paid. According to the sources, if Jackson fails to pay the outstanding balance, estimated at $24.5 million, Neverland would be sold to the highest bidder at a public auction on the courthouse steps.

The 2,800-acre Neverland ranch in Santa Barbara would be sold at auction next month unless the singer pays up the loan by March 19,. The auction of Neverland Ranch would include all personal property, including the ‘merry-go-round type devices.’

The auction sale would include the house and all personal property, including furniture and “all merry-go-round type devices”, rides and games, the report said.

In 2006 authorities ordered the property to be boarded and fined Jackson for failing to pay his employees or maintain proper insurance.

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One Response to “Michale Jackson to lose his home Neverland Ranch.”

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