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Feb 26, 2008 5:17 pm US/Eastern

Neverland Ranch Could Be Yours For Just $24M

Property Set For Possible March Auction

LOS ANGELES (AP) ― Michael Jackson's Neverland Ranch will be put up for sale at a public auction next month unless the pop star pays the more than $24 million he still owes on the property, according to a Tuesday court filing.

Financial Title Co. filed the notice of trustee's sale with Santa Barbara County Superior Court, setting the auction date for March 19. A spokeswoman for Jackson did not immediately return a call for comment.

Julie Wagner, a manager at the San Francisco-based title company, confirmed that Jackson's property was set for auction.

Court documents obtained by Fox News warn Jackson that he has until the date of the auction to take action to keep his lavish Los Olivos estate.

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Julie Wagner, a manager at the San Francisco-based title company, confirmed that Jackson's property was set for auction.

: Neverland Ranch is set to be sold in an auction next month if Michael Jackson does not pay the $24 million he owes on the property.
Jason Kirk/Getty Images