Read the Bills Act Coalition

Thursday, June 5, 2008

HEYHOOOOOO! Heeeere's Poor Ed McMahon

Are we really suppose to feel sorry for someone loosing their $6.25 million mansion? From the AP:

For years, Ed McMahon promised wealth, comfort and happiness as a pitchman for the American Family Publishers' sweepstakes. Now, he could use some of that cash himself.
The former sidekick to Johnny Carson on the "Tonight" show is in danger of losing his multimillion-dollar Beverly Hills home to foreclosure. Documents show that McMahon is nearly $644,000 behind in payments on a $4.8 million mortgage loan he got in 2005. Countrywide Home Loans Inc. filed the notice of default on Feb. 28, with the amount owed to "increase until your account becomes current," according to documents obtained by Celebtv.com.

As of Wednesday afternoon, McMahon's Mediterranean-styled house was still in the process of foreclosure; the bank hasn't taken it over yet and no trustee sale date has been set. McMahon and his wife, Pamela, are having "very fruitful discussions" with the lender to resolve the problem, spokesman Howard Bragman said Wednesday.

Read Here:http://
www.breitbart.com/article.php?id=D913J57O5&show_article=1

2 comments:

J. Tyler Ballance said...

Ed McMahon is a United States Marine who served with distinction and is a combat veteran.

He also entertained millions of people all over the world in his various roles; most notably being former Tonight Show host, Johnny Carson's sidekick.

He is recovering from an injury that has precluded him from making payments on his mortgage.

He warrants our best wishes for a full recovery. Semper Fi, Ed.

Jody L. Wilcox said...

Better financial planning could have preventing this whole thing as it would have prevented the whole mortgage crisis as a whole...that is the real issue here. If Ed can't make his mortgage payment he should get a smaller home... at his age he shouldn't be living pay check to paycheck. As for his service in the Marine's (although it is not relevent to this story at all)should be honored as all our countries veterans should be. But I don't see articles about marine veterans that are loosing their $100,000 homes when they cannot find work upon their return state side...now that is a cause I have empathy for not a former millionaire TV personality who can't pay his bills....Have a great day!