Brad Pitt's Neverland wish

Nov 9, 2007, 12:30 GMT

11/05/2007 - Brad Pitt - "Beowulf" Los Angeles Premiere - Arrivals - Mann Village Theater - Westwood, CA, USA © GL / PR Photos

Brad Pitt is set to buy Michael Jackson's Neverland Ranch.

The actor and his lover Angelina Jolie are said to be convinced the sprawling California estate would be the perfect place to raise their four children.

A source said: "Brad and Angelina are very interested in the property and will be closely following any developments involving the Neverland Ranch."

Brad and Angelina - who have three adopted children, six-year-old Maddox, Pax, three, Zahara, two, and 17-month-old biological daughter Shiloh - believe their kids would love the fairground rides and zoo at the 2,700-acre Santa Barbara ranch.

They are also said to have been impressed by the estate's security system.

Earlier this week, it was reported Jackson had defaulted on three consecutive mortgage payments and was in danger of losing the property.

Jackson, who has owned the Neverland Ranch since 1988, was told to repay the $23,212,963 he owed on a $23 million loan within 90 days.

The 'Thriller' singer has barely lived at the ranch since police searched the property in 2003 in relation to child molestation accusations.

When he was cleared of all charges in 2005, Jackson left the US and moved to Bahrain.

He said: "I won't live there ever again. It's a house now. It's not a home anymore. I'll only visit."

Jackson's representative Raymone K. Bain insists his client isn't worried about the property going into foreclosure.

He said: "Mr. Jackson is in the final stages of refinance and will not lose the Neverland Ranch."

(C) BANG Media International