Just when the rumor mills were grinding in anticipation of the possible coverage of the looming foreclosure of Neverland Ranch – Michael Jackson’s 2800 acre estate in Los Olivos, CA – His attorney announced that the pop singer had reached a secret arrangement with Fortress Investments to avoid foreclosure.
Put away all the party hats, E!.
However, the intrigue lives on. While the most of the media interpreted the attorneys words as Michael Jackson having refinanced his defaulted loan, it is still unclear whether foreclosure has just been postponed or entirely avoided.