According to a story on BlackVoices.com, A last minute deal has saved Michael Jackson's Neverland Ranch from being lost to foreclosure. Just days before the ranch was to be sold off, a real estate investment firm called Colony Capital bought the loan on the singer's fortress.Jackson is said to be in discussions with Colony and its founder, Tom Barrack Jr, "with regard to the ranch and other matters." The King of Pop hasn't stepped foot on the compound in more than two years, spending his time in Europe and Middle East since his 2006 acquittal on child molestation charges.
The ranch sprawls over 2,800 acres and features a main home, a theme park and a zoo that once housed tigers, elephants, giraffes and orangutans. The animals were removed and the ranch shut down in early 2006 following an investigation into whether Jackson had stopped paying his employees and allowed his insurance to lapse.
Jackson's overall financial situation has stabilized in the past year, thanks to a refinanced loan with help from his label Sony Music.
If anyone connected to the Jacksons is reading this, my offer still stands. Holla back Joe.
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