Goodbye Neverland

neverland-ranch.jpg

Michael Jackson’s famed Neverland Valley Ranch in California will be foreclosed and sold on March 19 unless the pop star pays a balance of nearly $25 million, property records showed on Tuesday.

"You are in default of a deed of trust …," Jackson was told in the five-page filing, according to a copy of the document published by FoxNews.com. "Unless you take action to protect your property it may be sold at a public sale."

According to the documents, 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.

MNP is preparing a bid, in case Michael decides not to pay up.

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Posted: February 27th, 2008
at 1:21pm by orangemenace


Categories: myninjaplease,music,celebrity,fo' real?

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