Neverland Gets Foreclosed: Michael Jackson Needs $24 Million to Keep the Now-Abandoned Ranch

I wonder what kind of interest rate Michael Jackson is paying on his $300 million loan. Whatever it is, it's overwhelmed his ability to pay it back. His Neverland Ranch has gone into foreclosure and is scheduled to be auctioned on the steps of the county courthouse on March 19th.

$300 million is no small amount of change. According to the International Monetary Fund via Wikipedia, it's more than the GDP of eight nations:

	Solomon Islands	286 million
	Dominica	279 million
	Tonga	244 million
	Micronesia	232 million
	Palau	145 million
	Marshall Islands	144 million
	São Tomé and Príncipe	99 million
	Kiribati	76.4 million

In any case, the title company that Jackson owes money to wants $24,525,906.61 by March 19th, or they'll auction Neverland Ranch.

How did he get himself into this mess?