celebrity gossip  It seems like people of all walks of life are facing residential foreclosure in this country. The latest gossip has stated that Ed McMahon, famous for his time on the Johnny Carson Show, The Tonight Show, Star Search and assorted broadcasting gigs, is facing foreclosure on a Beverley Hills home. It looks like he has defaulted on the remainder of a 5 million dollar loan.

This is more than celebrity gossip because the Wall Street Journal is also running the story. Ed is 85 years old and due to a broken neck, hasn’t been able to bring home any bacon. It goes to show how close some celebrities live on the edge of debt just to present themselves as wealthy.
There has also been celebrity gossip stating that Britney Spears’ house which is in the same neighborhood as

Ed McMahon’s home has been pushing potential buyers away from purchasing his home due to the large amount of restrictions and clauses that Spears has put together. Ed’s house has been for sale for two years for 6.25 million dollars but no buyers can be found. Visit daily for updated celebrity gossip.