Report: Jackson's Neverland in foreclosure

SANTA BARBARA, Calif., Nov. 12 (UPI) -- Legal documents obtained by the Mortgage Lender Implode-o-Meter Web site show Michael Jackson's Neverland Ranch in California is in foreclosure.

Jackson's representative last week denied reports that the singer was about to lose his compound/amusement park because he was not up-to-date on the mortgage payments, TMZ.com said.

"(He) was never in default of the loan," the representative said.

However, the Mortgage Lender Implode-o-Meter has obtained a "Notice of Default and Election to Sell" document, which states the property is in foreclosure because about $213,000 in payments on the $23 million loan is overdue, the report said.

The notice specifically states "a breach of, and default in, the obligations for which the Trust Deed is security -- has occurred," TMZ.com said.

Jackson could still sell the estate if he can close the deal before the foreclosure is completed.

The singer's representative told TMZ.com her earlier statement stands.