A public auction has been set for June 2005 , according to court documents . Jackson owes millions of dollars on the property . Michael Jackson insider : `` Michael Jackson owes millions of dollars on his sprawling property in the Santa Ynez Valley in California . The financing is all being worked out '' The singer has not lived at Neverland since March 19 .
A public auction has been set for June 2005 , according to court documents . Jackson owes millions of dollars on the property . Michael Jackson insider : `` The financing is all being worked out '' The singer has not lived at Neverland since March 19 .