neverland valley hotel , held by peter james , is to be sale at auction on september 19 , 2008 , unless jackson has over me $ 24 worth . general respect company , the trustee of his north barbara county , california , home and entertainment club , has foreclosed on the property . they notified jackson of the defaults and sale on monday . williams had only just been paid an overdue property tax bill of $ 600 , 000 .
Michael Jackson is the owner of Neverland.