Once again, news agencies are excitedly buzzing that Michael Jackson will soon lose his Los Olivos estate, the Neverland Ranch, as a result of foreclosure. This time, a 2/26 report by FOXNews claims that Neverland has been taken over by a lender and will be sold at auction on 3/19 unless he can pay a $24 million debt. Jackson’s representatives had not responded for comment by press time, but other sources have indicated that Jackson has or will receive the necessary funds to keep the estate.
