Jackson striving hard to save Neverland Home from Auction

michael-jackson

Pop star Michael Jackson has his task cut out, as he is struggling to stop the auction of his old Neverland Ranch home, scheduled on 19th March.

Bosses at Financial Title Company have stated that if the pop star doesn’t turn up with the loan amount of $24.5 million which he owes them, they would sell his fabled Californian property at auction.

The singer had previously vowed never to get back to the estate, where he once had a zoo and theme park, which was ransacked by detectives to get evidence against Jackson in the 2004 child molestation case.

Jackson now does not want his house to be auctioned and is trying his best to stop it. A Jackson family insider insists the singer will avoid foreclosure on Neverland with a new loan, adding the auction "won’t happen". The source tells CNN, "The financing is all being worked out. There are plenty of lenders willing to work with him."