Ed McMahon Could Face Foreclosure

by Deidre Woollard (RSS feed)
Jun 4th 2008 at 7:02PM

Here's foreclosure? That's what Ed McMahon, the man famous for being Johnny Carson's sidekick on "The Tonight Show" and hosting "Star Search" might be saying soon. McMahon, who is 85, has been trying to sell his Beverly Hills home since 2006 when we first saw it listed for $7.699 million. He fell $644,000 behind on payments on $4.8 million in mortgage loans and a unit of Countrywide Financial Corp. filed a default notice Feb. 28 with the Los Angeles County Recorder's Office. His spokesman said that McMahon broke his neck 18 months ago and has been unable to work since then. McMahon has been working with the lender to try and resolve the situation but it is uncertain if he and his wife will be able to stay in the home which is located in the celeb-friendly community known as The Summit. Real estate agent Alex Davis has the listing (pictures are shown below) which now sits at $6.25 million.

Gallery: Ed McMahon's Home

Gallery: Celebrity Foreclosures

Jeana Keough from the Real Housewives of Orange County

Tags: celebrity foreclosure, ed mcmahon, EdMcmahon, foreclosure, real estate, RealEstate

Filed under: Estates, Celebrity Shopping

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JXG Jun 5th 2008 11:19AM

This is sad, that an 85 year old man still has to work to make his mortgage payment. I mean, shouldn't he have investments or something to see him along, or maybe downsized over the years, live within his means. Curious situation.