Jackson

"It would be nice to have Beckham there," said Morrison,

although she quickly added that Jackson "was always a

good neighbor."

Jackson bought the property years ago from a local cattle

rancher and turned it into his personal playground, naming

it after the mythical land of Peter Pan where boys never grow up.

The singer, who was a star before he reached his teens,

has said it was an effort to recreate the childhood he was

denied.

He installed a zoo stocked with exotic animals and more than

a dozen amusement park rides, including a merry-go-round

and a train to rival Disneyland's.

During the ranch's heyday in the late 1980s and 1990s,

Jackson would frequently bring ill or disadvantaged children

by the busload to the ranch to enjoy it with him.

Since he left in 2005 the exotic animals have been removed

and the ranch is said to have fallen into disrepair."No one is

living here," a security guard at the front gate said this week.

Michael Jackson

A representative OF Financial Title Co. OF San Francisco,

which filed the DEFAULT notice, did NOT immediately return

a call FOR comment.

A source CLOSE TO Jackson, who requested anonymity

because OF the sensitivity OF the matter, said it's not clear

whether the entertainer will keep Neverland.

Jackson has not lived there since his acquittal on child

molestation charges in 2005, and residents of Los Olivos,

the small town that gained attention in the movie "Sideways,"

say rumors of its imminent sale have been rampant for months.

Among those rumored to be interested in the property are

soccer star David Beckham, said Kim Morrison, one of the

administrators of a private school located across the road

from Neverland.

Jackson lawyer:

Jackson lawyer:

Michael Jackson reached an 11th-hour deal to refinance

his troubled Neverland Ranch, his lawyer said Thursday,

avoiding a public auction of the property that had been

scheduled next week.

Jackson attorney L. Londell McMillan told The Associated

Press the pop star has worked out a "confidential" agreement

with Fortress Investment Group LLC allowing him to retain

ownership of the famed property in Los Olivos, Calif.

"Neverland and MJ are fine," McMillan said.

A representative for Fortress did not immediately return

a call for comment.

The property was scheduled to be auctioned March 19 after

Jackson went into default on the $24.5 million he owes on the

2,500-acre spread in the rolling hills of central California's

wine country.