Want a piece of Michael Jackson? Neverland is to be auctioned
March 2, 2008
The Neverland Valley Ranch property of Michael Jackson is to be foreclosed and sold to the public unless the King of Pop pays the balance of $24.5 million he still owes on the property.
A San Francisco-based title company confirmed the auction date on March 19.
If Jackson fails to pay the outstanding balance, Neverland would be sold to the highest bidder at a public auction on the courthouse steps. The initial asking price could be higher than the $24.5 million Jackson owes because of interest due and other costs.
