Jackson Considers Selling Neverland
By JOHN ROGERS – 2 hours ago
LOS ANGELES (AP) — There could be a new owner riding the merry-go-round at Michael Jackson's fabled Neverland Ranch this summer.
A public auction of the 2,500-acre spread in central California's wine country had been scheduled for next week after Jackson went into default on the $24.5 million he owes on the property. However, the auction was postponed until May 14 by "mutual agreement" of Jackson and his creditors, said Julie Wagner of Financial Title Co. of San Francisco, the firm that filed the default papers.
"That allows us to refinance or sell the property," Jackson's attorney, L. Londell McMillan, told The Associated on Friday. He added that Jackson is looking at both options.
"We expect to have this matter resolved well before May 14," McMillan said. The extended date was first reported on Foxnews.com.
http://www.maximum-jackson.com/discussion/showthread.php?t=880Thanks to Marni for posting this on Max-Jax (although it was about a month ago)