Mostly in the 1980s through the 1990s, McMahon was the spokesperson for Colonial Penn Life Insurance Company. McMahon married Alyce Ferrell on July 5, 1945, while he was serving as a flight instructor in the Marines. The couple had four children: Claudia (b. 1946), Michael Edward (1951–1995), Linda and Jeffrey. They separated in 1972 and divorced in 1974. McMahon married Victoria Valentine on March 6, 1976. They adopted a daughter in 1985, Katherine Mary. The couple divorced in 1989. McMahon paid $50,000 per month in spousal and child support. On February 22, 1992, three months before his "Tonight Show" run came to a close, in a ceremony held near Las Vegas, McMahon married 37-year-old Pamela "Pam" Hurn, who had a son named Alex. McMahon's daughter Katherine served as best person at the wedding. McMahon was a longtime summer resident of Avalon, New Jersey. In June 2008, it was announced that McMahon was $644,000 behind on payments on $4.8 million in mortgage loans and was fighting to avoid foreclosure on his multimillion-dollar Beverly Hills home. McMahon was also sued by Citibank for $180,000. McMahon appeared on "Larry King Live" on June 5, 2008, with his wife to talk about this situation. In the interview, McMahon's wife Pam said that people assumed that the McMahons had very much money because of his celebrity status. Pamela McMahon also commented that they do not have "millions" of dollars. On July 30, 2008, McMahon's financial status suffered another blow. McMahon failed to pay divorce attorney Norman Solovay $275,168, according to a lawsuit filed in the Manhattan federal court. McMahon and his wife, Pamela, had hired Solovay to represent Linda Schmerge, his daughter from another relationship, in a "matrimonial matter", said Solovay's lawyer, Michael Shanker. On August 14, 2008, real estate mogul Donald Trump announced that he would purchase McMahon's home from Countrywide Financial and lease it to McMahon, so the home would not be foreclosed. McMahon agreed instead to a deal with a private buyer for his hilltop home, said Howard Bragman, McMahon's former spokesman. Bragman declined to name the buyer or the selling price, but he said it was not Trump. In early September, after the second buyer's offer fell through, Trump renewed his offer to purchase the home.