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'West Wing' Star -- Debt Man Walking

11/15/2010 8:00 AM PST BY TMZ STAFF

Timothy Busfield -- former star of "The West Wing" -- is in a $1.25 million hole with his bank, according to new legal docs ... and if dude doesn't come up with the cash soon, he could lose his house.

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TMZ has obtained documents filed with the California Recorder's Office -- which show Busfield defaulted on the mortgage for his Malibu pad -- and if he doesn't reach an agreement with the bank soon, they plan on auctioning off the home in early January.

According to the docs, the bank has already given Busfield several chances -- extending their foreclosure deadline once in September ... and then again earlier this month. Now, it seems the bank's patience has run out.

Busfield's rep had no comment.

20 COMMENTS

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1.

JLS    

Banks don't want to take back any more homes. They are drowning in them as it is. Very tough and traumatic times these days. Let's hope something transpires and he can work something out with his bank.

1437 days ago
2.

Susan    

He needs to do a TV show with Allison Janney, they were great together.

1437 days ago
3.

MIDNIGHT TOKER    

do not buy things you cannot afford,,have no sympathy for these losers that buy these big houses and then lose them,,there is a god...throw him out on the street and let him live in a box

1437 days ago
4.

Fuck Celebrities    

He made all that money & he still has a mortgage?

1437 days ago
5.

Sam    

We give these people millions of dollars to entertain us and they can't handle or manage it. Many of them hire people to handle their affairs but they only in turn, rip them off. If you make a windfall of ten million dollars, divide it with the number of years you expect to live - that is what you can afford. Or, get a job. Many of these actors, when not working, between million dollar movies and sitcoms, collect unemployment. No wonder CA is screwed up.

1437 days ago
6.

awards    

Dude! Do you own that house? Or, does that house own you? Bail now and pick it up for cheap in a couple of years!

1437 days ago
7.

yup    

Sounds like role reversal from Field of Dreams. He was the banker who tried to take Costner's farm.

1437 days ago
8.

KAM    

ANOTHER BANKRUPT STAR

1437 days ago
9.

jballz    

NERD!!!

1437 days ago
10.

www.hairclub.com    

Who?

1437 days ago
11.

Sandra     

A fool and his money soon part!!

1437 days ago
12.

annie2    

He's been doing LOTS of directing lately, though! How do you not pay your mortgage?? I have a hard time feeling sorry for him, too.

1437 days ago
13.

tink981    

He looks like Richard Dreyfuss. LOL

1437 days ago
14.

Tim    

I guess he's gonna have to "sell the farm Ray!"

1437 days ago
15.

Al    

Holy ****..Timothy Busfield has done West Wing, 30 Something, did Cameo's and wrote episodes of "ED" and many, many, more jobs including movies too in the past 25 years...How in the hell can he not pay the remaining debt on a house that's 1.25 million ? BTW, he owes only 1.25 Million for a place in Malibu ? - he must be renting a condo there for that price..... Homes there are in the millions.

1437 days ago
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