Investment firm buys loan on Jacko's ranch

A foreclosure auction for Michael Jackson’s Neverland Ranch was cancelled after an investment company bought the loan.

Investment firm buys loan on Jacko's ranch

A foreclosure auction for Michael Jackson’s Neverland Ranch was cancelled after an investment company bought the loan.

Colony Capital spokeswoman Caroline Luz said the loan purchase was recently made by Colony and tomorrow’s auction was off, the Los Angeles Times said.

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