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Michael Jackson will avoid foreclosure on his Neverland Ranch property with a new loan, a Jackson insider told CNN Wednesday. Documents show that Neverland Ranch in Los Olivos, California, is scheduled for a public auction on March 19 at Santa Barbara’s downtown courthouse. But the Jackson source said that won’t happen. “Michael Jackson’s ranch is…

Financial Title Co. filed the notice of trustee’s sale with Santa Barbara County Superior Court, setting the auction date for March 19. A spokeswoman for Jackson did not immediately return a call for comment. Julie Wagner, a manager at the San Francisco-based title company, confirmed that Jackson’s property was set for auction. Yahoo

FOX NEWS have published the default document on the foreclosure of Michael Jackson’s Neverland Home: NEVERLAND DOCUMENT

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According to Fox News, Michael Jackson’s Neverland Ranch is set to be sold at auction on March 19. The King of Pop received word Monday from Financial Title Company, the trustee, that unless he pays off $24,525,906.61 by that date, a public auction will go forward in Santa Barbara, Calif., in front of the county…

Check out this vintage video of Michael Jackson talking about life on the set of Beat It: