Jackson's Neverland Ranch Avoids Foreclosure

King of Pop Michael Jackson gets to keep his Neverland ranch after the failure to pay on his $24 million mortgage had the playland of llamas and orangutans facing the aution block.  The 11th-hour purchase of the loan by Colony Capital LLC kept Jackson from losing the 2500-acre ranch.

Jacko isn't alone in his plight, as million-dollar foreclosures abound in the current market.

Jackson no longer lives at the ranch, so he should check out the Hottest Pads on HotPads for a more modest mansion, where we have nice homes starting at just $6 million.