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6/4/2008 10:15 AM PDT BY TMZ STAFF
For McMahon-sion, Heeeere's Foreclosure!

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.

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Reader Comments

(Page 1 of 5) | 1 | 2 | 3 | 4 | 5 | Most Recent | Next 15 Comments
1.

your mother:  1349 days ago

You're not first!

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2.

rudewaitress:  1349 days ago

One word of advice, Ed: Boarders.!!

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3.

Kelli:  1349 days ago

How about all of us send him a dollar?

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4.

Tangie:  1349 days ago

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

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5.

Jason:  1349 days ago

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.

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6.

carol:  1349 days ago

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.

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7.

That is NASTY:  1349 days ago

They need to put his old white azz out.

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8.

Rhythmmm:  1349 days ago

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....

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9.

cathy:  1349 days ago

One word for Ed...DOWNSIZE!

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10.

wasted days and wasted nights:  1349 days ago

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

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11.

Abby:  1349 days ago

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

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12.

Standing by the edge:  1349 days ago

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.

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13.

OustCEOs:  1349 days ago

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.

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14.

Tangie:  1349 days ago

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

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15.

pimp:  1349 days ago

Get a reverse mortgage Ed!

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