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Michael Jackson's Neverland Ranch to Be Auctioned Off
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Michael Jackson's Neverland Ranch to Be Auctioned Off
Going once....
Michael Jackson's Neverland Ranch may soon be hitting the auction block.
The Associated Press reports that the 2,500-acre Santa Barbara, California, estate will be up for public sale if the King of Pop doesn't pay more than $24 million owed on the property.
Financial Title Co. filed the notice of trustee's sale with the Santa Barbara County Superior Court on Tuesday. An auction date is set for March 19.
Also up for grabs: All the home's furnishings and items on the property.
If Neverland hits the auction block, it could carry a price tag higher than the $24 million owed, due to interests and other costs.
A rep for Jackson did not return a call to the AP for comment.
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Posted 2/27/08 8:56 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Michael Jackson's Neverland Ranch to Be Auctioned Off
Is MJ hard up for money?
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| Posted 2/27/08 3:02 PM |
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yankinmanc
Happy Days!
Member since 8/05 18208 total posts
Name:
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Re: Michael Jackson's Neverland Ranch to Be Auctioned Off
Hey, if we all put some cash in, maybe we could buy it!!! Whaddaya think?
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| Posted 2/27/08 4:44 PM |
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greenfreak
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Member since 9/06 11483 total posts
Name:
greenfreak
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Re: Michael Jackson's Neverland Ranch to Be Auctioned Off
I remember seeing some kind of reality show with him where he went shopping. He was throwing away thousands of dollars at a clip, like it was nothing.
I remember thinking that no matter how much money he's made, he can't sustain that kind of spending unless he finds some way to make more money in the future.
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| Posted 2/28/08 7:32 AM |
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