Newcastle businessmen to launch multi-million pound bid
Mon 10 Mar, 2008
"Michael Jackson's ranch is not going to be auctioned off at the courthouse," the Jackson insider said. "The financing is all being worked out."
"There are plenty of lenders willing to work with him. The real estate market is very bad right now and Jackson is being affected just like many other Americans," the source said.
The real estate source stated there are other options for Jackson to choose from including selling the ranch directly to another party or making a payment on his $24.5 million Neverland debt that would satisfy the trustee.
Mon 10 Mar, 2008
The recorder's Web site also reveals there was a release of lien on Jackson on February 4, showing he paid off all or part of delinquent taxes to the state of California.
"It seems unlikely that someone would pay off back taxes, only to let the ranch go up for auction a few weeks later," said the real estate source.
Mon 10 Mar, 2008
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British Michael Jackson fans to bid to buy Neverland
Newcastle businessmen to launch multi-million pound bid
Mon 10 Mar, 2008
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