8/15/2008

Ed McMahon Found a "Trump" Card

L.A. Land...and beyond

Main
Update: Donald Trump to rescue Ed McMahon from foreclosure

An update to our earlier post about the desperate search for a buyer to save Ed McMahon from foreclosure: A buyer has been found, and it is none other than Donald Trump.

From Ann Brenoff, who writes the Times' "Hot Property" column on celebrity real estate dealings: "Mega-developer and TV personality Donald Trump has agreed to buy Ed McMahon's Beverly Hills house for an undisclosed amount and allow McMahon to continue living in it.

Details of the deal are still being ironed out."

More: "I don't know the man, but I grew up watching him on TV," Trump said in an exclusive interview with The Times.

"McMahon, 85, was facing foreclosure within two weeks on his Beverly Hills home of 18 years.

The aging television icon, who was Johnny Carson's sidekick for three decades, defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp. He said in interviews that he was unable to work because of a neck injury that occurred about 18 months ago."

So there you have it, folks.-- Peter Viles

Thoughts? Comments? Photo Credit: Getty Images
Posted by Peter Viles on August 14, 2008 in Celebrity Foreclosures Permalink
Bookmark it:

0 Comments Welcomed:

 
Subscribe with Bloglines