Celebrity foreclosures - latimes.com

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Michael Jackson, the onetime king of pop, narrowly avoided foreclosure of his Neverland ranch earlier this spring. The Los Angeles Times reported he sidestepped a foreclosure auction of Neverland after an investment company bought the loan on the troubled Los Olivos property. The loan purchase by Colony Capital LLC was the latest deal to keep the 2,500-acre ranch from being sold.

Jackson

( Bryan Chan / Los Angeles Times )

Michael Jackson, the onetime king of pop, narrowly avoided foreclosure of his Neverland ranch earlier this spring. The Los Angeles Times reported he sidestepped a foreclosure auction of Neverland after an investment company bought the loan on the troubled Los Olivos property. The loan purchase by Colony Capital LLC was the latest deal to keep the 2,500-acre ranch from being sold.

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