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Ed McMahon Faces Home Foreclosure

AP
Posted: 2008-07-08 15:04:22
Filed Under: Mortgages
LOS ANGELES (June 4) - 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.

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    "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.

    Copyright 2008 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. All active hyperlinks have been inserted by AOL.
    2008-06-04 07:28:35
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    1 - 10 of 675
    675 comments

    Tautisauapudytat 05:59:23 PM Jun 06 2008

    Report This!

    'Let them eat (inexpensive, un -nutriteous) cake" Has been the way of the rich -have and have nots... but what a change this has been this house of cards...falling and affecting MANY!

    ClymoreG 11:46:47 AM Jun 06 2008

    Report This!

    Why should those of us who live in a 300,000 house feel sorry ************ who had every opportunity and blew it. At 85 , all the money he earned he should have taken care of it. Put his young wife to work to help pay the bills.

    Matarre5 07:35:32 AM Jun 06 2008

    Report This!

    I WISH I COULD FEEL SORRY FOR HIM BUT I LIVE ON A FIXED INCOME AND ALL MY BILLS KEEP GOING UP EVER DAY IT GETS HARDER TO LIVE IN NY OBAMA/MCCAIN HELP,STOP THESE SURCHARGES AND START FREEZING THESE COMPANY PRICES AND SALARYS AND THESE DARN SCHOOL TAXES THINGS ARE GETTING OUT OF HAND MY SSD SHOULD GO UP AS MUCH AS SENATORS AND CONGRESSMANS SALARYS

    Matarre5 07:25:17 AM Jun 06 2008

    Report This!

    I wish I could feel sorry but I live on a fixed income that does not go up but all my bills do obama/mcain are you hearing us stop all these surcharges and start freezing company prices and wages

    Jbyrd909 04:38:57 AM Jun 06 2008

    Report This!

    Something that gets me is that there are a lot of us "little" people facing possible foreclosure with some reasons being high prices at the pump and for groceries. But we focus on celebrities as usual who somehow through their riches away living high lifestyles. Let's focus on helping the averge joes also and tell their stories. Obviously McMahon is putting his story out to the tv, press, and internet to fish for some publicity to help him.

    RKimb 11:28:09 PM Jun 05 2008

    Report This!

    I am concerned about home foreclosures. But this news is 3 to 6 months old. We had a problem everyone knows it. Hopefully bank and Government actions are rectifying it. This is crying over spilt milk.

    Campgirll82 09:01:55 PM Jun 05 2008

    Report This!

    I TOTALLY AGREE with KYLECLAY! People grow up and live with in your budget. Stop trying to outdo the next person, pay your home off in 15 years, buy used cars, and turn off the expensive cable, expensive internet and expensive cell phones...let's all just GROW UP!

    Gft5253 03:04:27 PM Jun 05 2008

    Report This!

    the Bush legacy:

    where were the successful presidential assasins when we really needed them?

    DFEDE9 02:37:15 PM Jun 05 2008

    Report This!

    He made Millions and was a good person sorry he had that problem he was making 1000.00 a week in the 40's on the Atlantic City Boardwalk Hope he is ok.

    Haashaas3 02:15:41 PM Jun 05 2008

    Report This!

    who gives a ****

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