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For McMahon-sion, Heeeere's Foreclosure!

6/4/2008 10:15 AM PDT BY TMZ STAFF

Ed McMahon of Bev Hills: You may have already defaulted on a nearly five million dollar loan, and you could lose your house soon!
Click to read the documents!
Foreclosure is underway, according to the Wall Street Journal, on McMahon's six-bedroom mansion in BH. 85-year-old Ed's been laid up with a broken neck and he hasn't been able to work. So he's in arrears, you'll pardon the expression.

And get this -- the real estate agent who's trying to unload the house says all the papers following Britney Spears (who lives nearby) are wreaking such havoc in the neighborhood it's scaring potential buyers away.

BTW, the house has been on the market for two years -- it's now listed at $6.25 mil. A few years back Ed had a huge mold problem with the house. Ed sued and got $7.2 mil.

61 COMMENTS

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1.

your mother    

You're not first!

2242 days ago
2.

rudewaitress    

One word of advice, Ed: Boarders.!!

2242 days ago
3.

Kelli    

How about all of us send him a dollar?

2242 days ago
4.

Tangie    

So, he has no savings? Where's all the money he made on Carson? Nobody should have to go through that at 86.

2242 days ago
5.

Jason    

Not only doesnt he have savings, but he won $7million on top of that, and still cant afford t opay for his $5million house? Just another penny millionaire in the world. All the show in the world, but when the chips are down, really is broke. No different than that guy in the bar buying rounds to try to impress ladies, then gets home and his electricity has been shut off. All losers.

2242 days ago
6.

carol    

Where did all his money go? Surely there should have been money banked all these years. He got paid well on Carson.
Where did it go? Ed, call Jerry Lewis, maybe he can help.

2242 days ago
7.

That is NASTY    

They need to put his old white azz out.

2242 days ago
8.

Rhythmmm    

dear TMZ-

you disgust me....to gleefully report another human being's misfortune, much less an old man. Bad bad karma to all of you. Hope there is a photographer lurking around the corner during your next tragedy....

2242 days ago
9.

cathy    

One word for Ed...DOWNSIZE!

2242 days ago
10.

wasted days and wasted nights    

He need someone to show up on his doorstep with a big ol' check and a camera crew.

2242 days ago
11.

Abby    

poor Ed...are they going to throw an 85 year old man out on the street? I hope he has family

2242 days ago
12.

Standing by the edge    

That's sad but why did this happen? You would have thought by his age his house would be paid for by now. I just saw him on TV doing one of those bathtub commercials for the seniors. Then he always did those Publisher Clearinghouse Sweepstakes things. I mean he's always been doing commercials and seems to have worked his whole life. Just doesn't make sense but it's still sad.

2242 days ago
13.

OustCEOs    

Um, at 85 and with a broken neck (fall, I assume?) perhaps its time for a convalescent home.
Really, Ed. You had a good run. Probably a very good life too. Just retire in peace.
Get some rest. You deserve it.

Someone's been mismanaging your money. Have your family sue them.

2242 days ago
14.

Tangie    

He must have spent the money on hookers, booze, drugs, gambling or something! He must have had a bunch at one time.

2242 days ago
15.

pimp    

Get a reverse mortgage Ed!

2242 days ago
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