Michael Jackson To Lose Neverland Ranch

Reports have said that Michael Jackson will lose his Neverland Ranch in 90 days if he doesn’t pay back a $23 million loan.

It has been said that legal papers were filed under the title ‘Notice Of Default And Election to Sell at the start of last week in Santa Barbara County.

Michael was reportedly put on notice after defaulting on his loan with Fortress Music Trust, which was supposed to have been paid on October 12.

His California home is currently unoccupied as he is renting and living at a property in Washington DC.

Do you think that he will lose his Neverland Ranch?

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