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A foreclosure auction is set for March 19 to sell off the 3000 acre Neverland Ranch belonging to Michael Jackson. The only way it can be saved is if Michael can come up with $24,525,906.61 that he owes to the estate’s trustee. Fat chance, considering the former pop star is over $300 million in debt.
The ranch, which includes a personal residence, zoo, and amusement part in Santa Barbara, has been empty since June 2005 when Michael moved his bunch to Bahrain. It is estimated to be worth somewhere between $6 and $12 million. It is expected that Michael will let the auction take place.
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New chatter reports on all the latest news and gossip. Chatting about the latest scandals and celebrities is our specialty.
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