Foreclosure Said to Be Averted at Neverland
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Michael Jackson said Sunday that the foreclosure sale of his Neverland Ranch has been halted after a loan on the property was purchased for a reported $23.5 million by the real estate investment firm Colony Capital. The 2,700-acre Santa Barbara County, Calif., property — home to a zoo and a theme park — had been slated to be auctioned off Wednesday.
