Jackson's Neverland home foreclosed

Michael Jackson's Neverland home in California will be foreclosed and sold off at an auction next month, reports say.

The singer owes almost $25 million on the 2,800 acre property and faces losing it if he can't pay back the money owed by March 19.

The auction will also include all of Jackson's personal belongings, furniture and theme park rides on the property.

Jackson refinanced a $300 million loan with the help of hedge fund Fortress Investments in 2005 and should Neverland fail to find a buyer at auction, Fortress may take possession of the home and list the property with a real estate broker.

Jackson hasn't been to Neverland since 2005 when he was acquitted of charges of abusing a boy at the ranch.

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