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Money Money, something there never seems to be enough of.

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Old 06-04-2008, 10:16 AM   #1 (permalink)
Mountain Man
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Even Ed McMahon may be homeless

I'm rather suprised. I figured he had himself set up for sitiations like this.

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Ed McMahon fighting foreclosure on his Beverly Hills home
June 4, 2008, 6:35 AM EST
BEVERYLY HILLS, Calif. (AP) -- Ed McMahon, who for decades appeared as Johnny Carson's sidekick on "The Tonight Show," is fighting to avoid foreclosure on his multimillion-dollar Beverly Hills home, according to published reports.

The former "Star Search" host was $644,000 behind on payments on $4.8 million in mortgage loans when a unit of Countrywide Financial Corp. filed a default notice Feb. 28 with the Los Angeles County Recorder's Office, The Wall Street Journal first reported late Tuesday.

McMahon, 85, has been a pitchman for the American Family Publishers' sweepstakes.

However, he has been unable to work as a pitchman for various products since he broke his neck 18 months ago, said his spokesman, Howard Bragman.

"There are plenty of people affected by the weak economy, bad housing market or bad health," Bragman said.

McMahon has been in "very fruitful discussions" with the lender to resolve the situation, Bragman said. But it's unclear whether McMahon and his wife, Pamela, will remain in the home.

A telephone message left for Countrywide early Wednesday was not immediately returned.

The six-bedroom, five-bath house is in a hilltop gated community overlooking Mulholland Drive called The Summit and is listed for sale at $6.25 million. It has been on the market two years, according to real estate agent Alex Davis, who has the listing.

The house is near that of pop star Britney Spears, which doesn't always work in its favor.

"When we were trying to sell the house one time, there were about 100 paparazzi there," Davis said.
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Old 06-04-2008, 11:53 AM   #2 (permalink)
shamaal
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IIRC, he broke his neck a while ago. That's got to be expensive.

If he comes up a winner in the next Publisher's Clearinghouse, I will be suspicious.
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Old 07-26-2008, 08:13 AM   #3 (permalink)
shamaal
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Ed got a job pitching Pontiacs with Jimmy Kimmel. According to the story Ed's also suing Cedar Sinai for $200M, I wonder if his financial problems appearing in the news aren't part of a legal publicity campaign to sway public opion and induce the defendants to settle?

Quote:
The former "Tonight Show" sidekick is reprising his role as pitchman with several comical commercial segments during "Jimmy Kimmel Live." The first of four spots, which were filmed Thursday evening and feature McMahon and Jimmy Kimmel together, will air Monday during the late-night ABC talk show.
Ed McMahon returns to work as pitchman - CNN.com
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Old 08-14-2008, 06:14 PM   #4 (permalink)
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Donald Trump to the rescue!

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Mega-developer and TV personality Donald Trump has agreed to buy Ed McMahon's Beverly Hills house for an undisclosed amount and allow McMahon to continue living in it. Details of the deal are still being ironed out.
Donald Trump to buy Ed McMahon's house - Los Angeles Times
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Old 08-22-2008, 07:40 PM   #5 (permalink)
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McMahon's sold the house but not to Trump.

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A spokesman for the former "Tonight" Show sidekick says McMahon has agreed to a deal with a private buyer for his hilltop home.

McMahon spokesman Howard Bragman says the buyer isn't mogul Donald Trump, who had recently offered to buy McMahon's home and act as a landlord.
Ed McMahon sells home - CNN.com
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