In 2006, Mr. Jackson’s former advisors refinanced Neverland Valley Ranch through Fortress Investment Group, LLC.
The loan matured in October, 2007.
Contrary to published reports, Mr. Jackson was never in default of the loan. Mr. Jackson is in the final stages of refinance and will not lose Neverland Valley Ranch.
No further comments will be made regarding this subject as it has been our long term policy not to address Mr. Jackson’s personal financial affairs.
Source: Raymone Bain
A former attorney for Michael Jackson, Howard Weitzman, has died in Los Angeles of cancer. He was also an attorney for other celebrities including Marlon Brando.