Land for sale including farms, ranches, timberland, mountain, lake & country homes.

Land Resources / News / California

Michael Jackson could lose his California ranch

Source: KFSM.com
February 27, 2008

LOS ANGELES (AP) - Court documents say Michael Jackson has until March 19th to pay more than $24 million 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 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.

Read the complete article from KFSM.com »

J P. King Auction Company

Got Questions?

Call us at:
512-263-5600
8a-5p CST Monday-Friday

LandsofAmerica.com on Facebook
LandsofAmerica.com on Facebook