Jacko must pay $23m or lose Neverland
Michael Jackson faces losing his Neverland ranch due to a $23million loan, according to reports.
The troubled pop star's mansion has gone into foreclosure - giving him 90 days to pay back part of the loan or lose his home.
He is accused of failing to pay mortgage bills - missing three payments in a row, a magazine said.
Now Santa Barbara County has issued a notice threatening to sell Neverland to pay local property taxes and repay the bank that loaned Jackson the money.
Jackson has long been living away from the now-empty Neverland, which used to boast its own zoo, railroad and staff of 55.
The singer, whose fortunes have dwindled since his trial on child sex charges, is now renting a home in Washington DC.
Jackson, who was cleared of all charges, has been given until January 19 to pay back the full loan.
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