Jackson trying to get new Neverland loan

February 28, 2008

LOS OLIVOS, Calif. (UPI) -- Pop star Michael Jackson may not lose his Neverland Ranch to foreclosure if he can secure a new loan for the Los Olivos, Calif., property.

The 2,800-acre spread was once Jackson's home and boasted a private zoo and amusement park.

It reportedly is set to be auctioned off March 19 at the Santa Barbara courthouse if Jackson doesn't pay the millions of dollars he owes on it.

"Michael Jackson's ranch is not going to be auctioned off at the courthouse," a source told CNN. "The financing is all being worked out. There are plenty of lenders willing to work with him. The real estate market is very bad right now and Jackson is being affected just like many other Americans."

Jackson has not lived at Neverland since June 2005, CNN said.

fans turn out 							new episodes of Star Trek for you to enjoy. Find everything 							STAR WARS Animated 							bunnies star in 30 second versions of famous movies 							you would have seen at the starlite drive-in Watch some public 							domain movies online...these will change often; so 							come back often and see what is new. Watch 							vintage televsion shows Watch some 							interesting video shorts for fun A collection 							of short video clips Be Patient 								While Superman page loads The great BETTY BOOP 							in some of her 	artoons Curly, Larry, Moe, 								Shemp and Curly Joe ham it up in complete shorts Watch complete 							cartoons of Bug Bunny, Porky Pig, Daffy Duck and more Join the entire POPEYE 							gang in some great cartoons Here is a 							collection of various vintage cartoons. HAVE A 							DRIVE-IN THEATRE IN YOUR BACKYARD FOR PARTIES