UPDATE: Michael Jackson

Did the Michael Jackson finally sell Neverland Ranch?

Well children, according to gossip gangsta Perez Hilton, he did.

Santa Barbara County Assessor records do indeed show that on the 10th of November Mister Jackston's 2,700 acre ranch on Figueroa Mountain Road in Los Olivos, CA transferred from The Gloved One to a Delaware based entity named the Sycamore Valley Ranch LLC. However, at this point it's unclear to Your Mama if this transfer represents an actual sale or if it indicates Mister Jackson has moved ownership over to a company controlled by his own people in an effort to limit his personal liability for the $20,000,000+ mortgage he's carrying on the property.

However, while the Sycamore Valley Ranch LLC was set up back in Delaware, records show an address in Los Angeles that happens to be identical to that of the offices of Colony Capital, the company who is reported to be holding the gigantic mortgage on Neverland Ranch. Now isn't that interesting?

Nothing would surprise Your Mama when it comes to Michael Jackson, but we do sincerely hope Mister Jackson has finally unloaded this financial white elephant and emotional albatross from around his skinny little neck.

As far as we know and according to gossip Roger Friedman at Fox 411, Mister Jackson is still living in Las Vegas with those three children of his.

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Gossip juggernaut TMZ is now reporting that the entity that now holds title to Neverland Ranch is a joint venture between Michael Jackson and Colony Capital, the Los Angeles based company who holds the mammoth mortgage on Mister Jackson's 2,700 acre scene of the alleged crimes.

According to TMZ, the ranch will be renamed Sycamore Valley Ranch in order to free it of some of that nasty child molestation stigma that hovers of the property even though Mister Jackson was acquitted of any untoward behavior.

TMZ also speculates that because Colony Capital owns the Las Vegas Hilton and several other properties that there may be some sort of performance gig in the works. Sorry children, but Your Mama has a difficult time believing that Mister Jackson can moon walk anymore.