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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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16.

toad    

TMZ shame on you... this is a personal matter.

1347 days ago
17.

Oval Beach    

#12 Sandra- Actually the phrase is "A fool and his money are soon parted." It originated from a book by Thomas Tusser (1524–1580). He was an English poet and farmer, best known for his instructional poem Five Hundred Points of Good Husbandry, published in 1557. Thought I would let you know that.

1347 days ago
18.

lensmanct    

I hated all the smarmy liberals on West Wing...they were just like the real thing. Maybe he'll ask for a bailout from Obambie

1347 days ago
19.

Big A    

What??? He can't dip into the Revenge of the Nerds royalties, from his Poindexter days?

1346 days ago
20.

krys    

Why is TMZ such *******s? Better yet why are readers like Midnight such *******s? Live in a box? F' U and go take your own advice! I feel for him since he hasn't been working much. I guess this is a good lesson to aspiring actors, don't spend all your money when you hit the big time. Invest. Be smart!

1344 days ago
Previous 15 Comments | 1 | 2

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