Michael Jackson's Neverland Ranch for Sale?

Tuesday February 26, 2008 09:30 PM EST

Michael Jackson

John Wright/Guinness World Records/WENN

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Michael Jackson's famously extravagant home, the Neverland Ranch, will be put up for public auction if the singer doesn't pay more than $24 million, according to a court filing.

Financial Title Co. filed the notice of trustee's sale on Tuesday. If the financially troubled singer cannot pay off the loan, the auction will take place on March 19 at the Santa Barbara County courthouse.

The story was first reported by Foxnews.com.

Video courtesy AP