Well, today is the big day for the auction, or is it? For those of you who really care, Jackson has worked out an arrangement with BofA to bump the foreclosure sale to May 14th. From what I understand, he owes $24Mil in arrears on a $273Mil note for the place. Either some rich psycho-fan will pony up the money, or he’ll end up losing it to the foreclosure sale. I just want to see what BofA ends up doing with the place. I mean really, what is Bank of America going to do with Neverland Ranch? How much are they going to sell it for as an REO?
I’m sure that’s some valuable land it’s sitting on- maybe a commercial developer will come along and do something with it. We’ll see.  Here’s a great clip from TMZ on the thing- it’s the most entertaining clip I could find.

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