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Eyewitness News reported on Tuesday that Michael Jackson could lose Neverland Ranch at public auction. A filing in Santa Barbara County Superior Court says Jackson has until Mar. 19 to come up with the $24 million it would take to keep the ranch. But one source close to the singer says, "not so fast."
A Jackson associate says in a broadcast report that financing will be worked out and plenty of lenders are willing to work with the pop star. One real estate expert says the trustees filing is only the first step in a long process that could drag on for months.
Source: http://abclocal.go.com/kabc/story?section=news/hollywood_wrap&id=5986235