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Michael Jackson Save's Neverland Ranch

By: Errol Mars

Michael Jackson has refinanced his Neverland ranch in time to save it from a public auction that was scheduled for March 19.

If Mr. Jackson had failed to pay the $25 million he owed on the 2,500-acre California property, it would have been auctioned next week.

Mr. Jackson's attorney L. Londell McMillan said on Thursday that the he has worked out a "confidential" agreement with Fortress Investment Group, LLC. Which allows him to retain ownership of the famed Neverland ranch.

"Neverland and MJ are fine," McMillan said.

It is not clear if Mr. Jackson will keep his ranch, he has not lived there since his acquittal on child molestation charges in 2005.



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