Following on from the previous information that Michael has refinanced his mortgage on Neverland, it now seems that foreclosure on this mortgage has only been postponed. Michael now has until May 14th, 2008 to either refinance or sell the property.
His attorney, F.Londell Mc Millan, has told Associated Press; “That allows us to refinance or sell the property. We expect to have this matter resolved well before May 14.”
Source: Associated Press & MJWN