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 '' Pop star Michael Jackson will avoid foreclosure on his Neverland Ranch property with a new loan , a Jackson insider told CNN Wednesday . The singer has not lived at Financial Title Company 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 Financial Title Company since March 19 .