Ed McMahon can finally take his mind off the six-bedroom Beverly Hills home which he and his wife once occupied. The home was originally on the market for two years and endured several decrements in asking price before spurring any buyer interest. Earlier this month, business guru Donald Trump announced his intentions to purchase the home and re-lease it to McMahon. However, last week Trump found himself competing against another bidder. Trump was convinced the deal would fall through, however, citing that the opposing party lacked the finances to purchase the home outright.

It appears as though Trump was wrong in his predictions. Today a bidder made an undisclosed offer on the home and fell into procession of it. It is unclear whether this was the same individual that initially challenged Trump’s offer.

McMahon’s home was facing foreclosure for his failure to make payments on his $4.8M mortgage from Countrywide Financial. McMahon was over $600,000 in arrears on the mortgage.

McMahon blames his 2007 neck injury for placing him in financial turmoil. He is facing multiple lawsuits from a barrage of lending agencies and other entities. Some have blamed his wife, Pamela McMahon’s, exorbitant expenditures for his financial troubles.

When and how McMahon will manage to make a financial comeback still remains a mystery. However, the sale of his home is a definite step in the right direction and places him much closer to financial stability. His foreclosure troubles were prolonging for far too long and we’re glad to see that they’ve been taken care of.