Ed Sells Home

By:OK! Staff

Aug. 22 2008, Published 10:02 a.m. ET

Former Tonight show sidekick Ed McMahon has agreed to sell his home – and not to Donald Trump!

Howard Bragman, Ed's spokesman, says that a deal has been reached on the California digs – which is in the same neighborhood as Britney Spears' pad – and that Ed will be moving out when the sale is complete.

After Ed defaulted on a $4.8 million loan and faced foreclosure, Donald Trump had offered to buy the house and act as landlord.

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We're not sure we'd want our landlord yelling "You're fired!" either.