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King of Pop Faces Neverland Foreclosure

An aerial view of the Neverland Valley Ranch of singer Michael Jackson June 25, 2001 in Santa Ynez, CA. Jason Kirk, Getty Images hide caption

toggle caption Jason Kirk, Getty Images

Michael Jackson's Neverland Valley Ranch — the sprawling estate, the train, merry-go-rounds, ferris wheels, and animal enclosures (minus the animals) — may hit the auction block unless the King of Pop can come up with $25 million in three weeks.

That might be tough — as Fox News reports, MJ doesn't seem keen on returning to work — he isn't touring and didn't do much publicity for the latest "Thriller" rerelease (which is tanking in sales).

Michael hasn't called Neverland home since being acquitted on child molestation charges back in 2005. But what's inside remains unclear. The new owner might happen upon a heap of valuable memorabilia if it's sold "as is." Check out the auction notice (PDF).

How much would you pay to buy Mike's pad? And if you owned Neverland, what would you do with it?

Update: Neverland has been saved! Just in case you were worried, Jackson's attorney L. Londell McMillan has assured us: "Neverland and MJ are fine."

Wait. Did he just call him MJ?

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