Jackson Holds on to Neverland

Despite rumors that pop star Michael Jackson would lose his Los Olivos Neverland Ranch, his attorneys stated that he refinanced his $23 million loan and is not in danger of foreclosure. Jackson vacated the ranch after the 2003 police raid and his subsequent trial on molestation charges. Jackson’s defense lawyer, Mark Geragos, has often refuted rumors that Jackson’s financial situation is unstable.

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