After announcing earlier this week that "Neverland and MJ are fine" because of a "confidential" deal between Michael Jackson and Fortress Investment Group, his lawyer now implicitly agrees that the beleaguered pop star could still end up losing the ranch.
All that seems to have happened is that the auction date has been postponed from March 19 to May 14 by "mutual agreement" between Jackson and his creditors, a San Francisco based financial title company.
"That allows us to refinance or sell the property," Jackson's attorney, L. Londell McMillan said on Friday.
Jackson is considering both options and either way, says McMillan, the matter will be resolved well before May 14.
Jackson owes $24.5 million on the 2,500 acre property and has defaulted on his payments.
Jackson, who is reported to be working on a comeback album, has not stayed on the ranch since he was acquitted of child molestation charges in 2005.
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