Los Angeles – According to the The Santa Maria Times, Michael Jackson could lose his California Neverland Ranch if he does not settle a $25-million (USD) debt by March.
The house will be up for public auction unless the former pop star forks out the cash he owes on the property.
The self proclaimed “King of Pop†bought the 2,800 acre estate in 1987 for US$30-million. MJ has been plagued with highly publicized problems maintaining the home in the years since.
Jackson has not lived in the house since 2005 and according to reports, the property and house are in poor shape.
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