Jacko's Neverland Ranch in Foreclosure
02/27/2008
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(antiMusic) The home mortgage crisis hit a new milestone today as one of the most well known ranches in America is reportedly in foreclosure. As a result Michael Jackson's Neverland ranch will soon he heading to the auction block. AFP/Google has the story: Michael Jackson's Neverland Ranch has been foreclosed and will be auctioned off next month unless the singer pays off a 24.5 million dollar loan, Fox News reported on its website Tuesday.The US network said in a report citing official documents that the sprawling 1,000 hectare (2,800 acres) ranch in Santa Barbara County would be sold at auction on March 19 unless the fallen 'King of Pop' pays 24,525,906.61 dollars. The auction sale would include the house as well as all personal property inside, including fixtures and appliances, furniture and "all merry go round type devices", rides and games, the report said. - more on this story 
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