BREAKING NEWS

Will Ed McMahon Lose His Home?

Oct. 27 2008, Published 7:07 a.m. ET

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Although he once held sway over an estimated $200M fortune that included vast tracts of land in Malibu, former Tonight Show sidekick, Star Search host and octogenarian television personality Ed McMahon is fighting off foreclosure since being served with a nasty notice of default on a $4.8M loan secured against his Beverly Hills mansion. Also, Ed McMahon is still alive.

Located in the same swank guard-gated community where Gwen Stefani and Britney Spears own pricey properties, McMahon's McMansion measures 7,013 sf with 6 bedrooms, 5 bathrooms and sweeping views over Los Angeles. The property, which once had a (now fixed) toxic mold problem, has been for sale for about two years and has had several price chops to its current asking price of $5,750,000.

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Maybe one of Johnny's mega-rich widows can lend the man a hand?

Click here for a full tour of the house they might kick Ed out of

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