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Michael Jackson is not going to lose his Neverland ranch, according to his spokesperson.
The superstar left the ranch in 2005 after being acquitted of child abuse.
This week Neverland was listed on a Santa Barbara county foreclosure report, but Jackson’s spokeswoman has denied reports the star defaulted on a $23 million loan on the ranch.
She says Jacko is in the process of refinancing the property.
Finance firm Prescient Acquisition stated last August the star had debts of $272.5 million.
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