The auction of Michael Jackson’s Neverland Ranch has been canceled again, just five days before the 2,900-acre spread was set to be sold in public to the highest bidder.

Jackson may have reached a refinancing agreement with Fortress Investments, the loan holder. They currently hold a $23.5 million note on the property.

Posted: 05|10|08 at 10:21 am. Filed under: US Property.