ET has the details...

Donald Trump to the rescue! The venerable real-estate magnate wants to help Ed McMahon out of foreclosure, he tells "The Insider"'s Pat O'Brien.

"I'm trying to help," Trump tells Pat. "All I can do is try. He is a great iconic figure but whether you are iconic or not, this is no way to live the latter part of your life." "We'll just see if the bank is reasonable," he adds. "It is a real mess."

The Donald is working on a deal to purchase the home and lease it back to the former "Tonight Snow" star. 

The deal is not official at this point but McMahon's rep tells "The Insider" they are in talks and are optimistic it will happen.