MICHAEL GIVEN CHOICE TO PAY HOME LOAN OR LOSE HIS NEVERLAND RANCH.

Will Michael Jackson have to depend on his baby sister, Janet, to shell out over $24 million in order to save his Neverland Ranch? The way things are looking for the first family of music, she seems to be the only Jackson left with hundreds of millions of dollars in her bank account. Anywhoo, on Monday, Jackson was informed that his Neverland Ranch in Santa Barbara will be sold at public auction on March 19 unless he can come up with $24,525,906.61 to pay off the loan. "It's not just the house either," wrote Fox411's Roger Friedman in his Tuesday column. "When Neverland is auctioned, it will include everything: all personal property inside, all fixtures and appliances, furniture, and 'all merry go round type devices,' any rides, games. The auction literally includes every single thing that is or isn't nailed down."

According to Friedman, the King of Pop refinanced his $300 million loan from Fortress Investments with help from Sony Music, HSBC and Barclays Bank. But, the Neverland loan was not part of that deal. "Fortress would clearly like to get out of the Jackson business altogether now, so selling at auction is their answer," Friedman wrote.
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