Ed McMahon's house in foreclosure
- added June 5, 2008
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- joshzimmerman
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- Economy (2463)
- Foreclosure (84)
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Ed McMahon, the longtime sidekick to Johnny Carson on "The Tonight Show," is fighting to avoid foreclosure on his multimillion-dollar Beverly Hills estate.
McMahon defaulted on $4.8 million in mortgage loans with a unit of Countrywide Financial Corp., which filed a notice of default in March, according to ForeclosureRadar, a company that sells default data pulled from public records.
The 85-year-old pitchman for various products, including American Family Publishers, is the highest-profile person to be caught up in the nationwide real estate downturn and mortgage crunch.
"He's not alone. There are plenty of people affected by the weak economy, bad housing market or bad health," McMahon's spokesman, Howard Bragman, said late Tuesday.
McMahon defaulted on $4.8 million in mortgage loans with a unit of Countrywide Financial Corp., which filed a notice of default in March, according to ForeclosureRadar, a company that sells default data pulled from public records.
The 85-year-old pitchman for various products, including American Family Publishers, is the highest-profile person to be caught up in the nationwide real estate downturn and mortgage crunch.
"He's not alone. There are plenty of people affected by the weak economy, bad housing market or bad health," McMahon's spokesman, Howard Bragman, said late Tuesday.
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- joshzimmerman
- 4 months ago
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