The Hollywood icon was married to Larry Fortensky from 1991 to 1996, and he used the money he received in their divorce settlement to purchase a three-bedroom house in Temecula in 2002.
But the former construction worker has struggled to keep up with the monthly mortgage payments of $5,800 (£3,870) and reached out to Taylor in the hope that she would bail him out and save him from foreclosure, according to U.S. tabloid the National Enquirer.
The publication claims it's the second time Fortensky has appealed to the actress for money - in 2009, she allegedly handed over $50,000 (£33,340) to prevent her ex from losing the property.
However, Taylor, who has been hospitalised since undergoing treatment for congestive heart failure in February (11), was forced to deny Fortensky's latest request as she battles her own problems.
A source tells the Enquirer, ""Larry is devastated over his eviction, but Liz can't help him this time.""