graceland valley ranch , founded by joe jackson , is to be closed at auction on march 19 , 2008 , unless jackson pays over us $ 24 thousand . legal object corporate , the trustee of his santa paula county , california , home and resort fair , has foreclosed on the asset . they contacted jones of the bankruptcy and sale on saturdays . they had only just recently paid an overdue estate tax threshold of $ 600 , 000 .
Michael Jackson is the owner of Neverland.