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5
Mar
Neverland no more
The public auction of Michael Jacksons Neverland ranch, has to
be of great humiliation, Following the child molestation charges,
the face masks and pajamas, the paradise retreat Stands
deserted.
Having defaulted on his mortgage payments, the
2,800-acre property, in central California's wine country, will go
under the Hammer on 19 March, the location being Santa Barbara
County courthouse. Since his acquittal in 2005 on charges of a
breach of contract lawsuit, to the allegations of sexually abusing
children, which did not hold up in court, he has been residing
abroad.
Announcement of an auction is usually the first step in a long
process with often no auction as a result, which is believed by
people who know the property market. Certain financial ruin for
Michael is reported by the several press reports over the last few
days, with the suggestion of another loan, enabling him to clear
the outstanding dept.
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