LOS ANGELES - TELEVISION celebrity Ed McMahon has finally found a buyer for his multimillion-dollar Beverly Hills mansion, avoiding a foreclosure that would have made him among the most high-profile victims of the US housing slump.

The buyer of the six-bedroom, five-bathroom home was not disclosed, but McMahon spokesman Howard Bragman said on Friday it was not billionaire Donald Trump.

The New York developer had said last week he was in discussions to buy the house and lease it back to McMahon after widespread publicity about the celebrity's default on his US$4.8 million (S$6.8 million) mortgage.