Somebody send Ed McMahon a million dollars quick!
Johnny Carson’s sidekick Ed McMahon is about to lose his house.
The spokesman for American Family Publishers’ sweepstakes is in danger of losing his multimillion-dollar Beverly Hills home to foreclosure. Documents showing that McMahon is $644,000 behind in payments on the $4.8 million mortgage loan he obtained in 2005 from Countrywide Home Loans were obtained by Celebtv.com
Currently, the house hasn’t been taken by the bank, but McMahon and his wife Pamela are having “very fruitful discussions” with the bank to try and resolve the problem, McMahon’s spokesman Howard Bragman said today.
The 85-year-old McMahon has been unable to work since he broke his neck 18 months ago and has been sufferring from a toxic mold in the house that led to the death of his dog in 2001.
The “Star Search” host has taken out several loans on the 7,000-square foot house house over the past few years. McMahon first purchased the house in 1990 and it is located in the Mullholand Drive neighborhood called The Summit where Britney Spears also lives.
Other celebrities have been feeling the recession and the housing crisis. Recently, baseball player Jose Canseco had his property foreclosed in the San Fernando Valley. His $2.5 million, 7,300 square-foot house in Encino was taken over by the bank after Canseco stopped making payments.
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2 Comments, Comment or Ping
tono
He deserves nothing. He should be put in a Home for Idlers.
What did he contribute to anybody?
Jun 8th, 2008
admin
A lot of anomosity towards Ed McMahon. Pretty harsh Tono – why you so man at him?
Jun 9th, 2008
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