Ed McMahon Fighting Foreclosure
Ed McMahon, who for decades appeared as Johnny Carson’s sidekick on “The Tonight Show,” is the latest casualty of an ever-growing foreclosure crisis that is gripping the nation.
Yesterday, the Wall Street Journal reported that McMahon was $644,000 in arrears on a $4.8 million loan for a home in Beverly Hills, California.
The 85-year old McMahon fell and broke his neck 18 months ago and defaulted on $4.8 million in mortgage loans with Recon Trust, a unit of Countrywide Financial Corp., which filed a notice of default in February.
McMahon’s home has been on the market for about two years and is listed for $6.25 million. The Hollywood dream home has six bedrooms, five bathrooms and is located on a hilltop and is part of a gated community called “The Summit,” according to the Associated Press.
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