Ed McMahon House in Foreclosure
Posted on June 4, 2008 at 9:18 am (PST)
The Wall Street Journal reports that Ed McMahon (85) is $644,000 behind on payments on $4.8 million in mortgage loans. Howard Bragman, Ed’s spokesman, says Ed broke his neck 18 months ago, and has been unable to work since.
Ed has been trying to sell the house for 2 years, but with all the trouble Britney Spears has brought to the neighborhood, he has so far been unsuccessful. The current listing price is $6.25 million. Real estate Alex Davis, who has the listing, said:
"When we were trying to sell the house one time, there were about 100 paparazzi there."
The story behind the story is, that Ed had trouble with mold in the house a few years back. He sued and got $7.2 million, which is more than the current selling price. After the mold problem he put the house on the market, and hasn’t been able to sell it, which means it might not be Britney’s fault after all.
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Give me a break!
This guy made MILLIONS during his years with the Tonight Show and Star Search, yet we’re supposed to feel sorry for him because he’s facing foreclosure on his multi-million dollar mansion? What did he do with his MILLIONS that he can’t “afford” his mortgage payments?
Perhaps he should think about downsizing to a smaller home and living within his means!
Comment by Steve — June 5, 2008 #
He says it has been tough for him to find work, mostly because of the neck brace. But he has one of the most famous voices in this country. I’m fairly certain that, if he were open to it, many companies would be tripping over each other trying to get to him and hire him to do voiceover ads for their products. Not to mention voicing animated characters for TV and movies. Something here isn’t adding up.
Comment by The Truth Fairy — June 7, 2008 #