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Evolved
Join Date: Jan 2007
Posts: 3,338
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Heeeeeers Johnny! (is it payday yet?)
From an online source:
Ed McMahon, who for decades appeared as Johnny Carson's sidekick on "The Tonight Show," is fighting to avoid foreclosure on his multimillion-dollar Beverly Hills, Calif., home, according to published reports. The former "Star Search" host was $644,000 behind on payments on $4.8 million in mortgage loans when a unit of Countrywide Financial filed a default notice Feb. 28, The Wall Street Journal reported. McMahon, 85, has been unable to work as a pitchman since he broke his neck 18 months ago, said his spokesman, Howard Bragman. The six-bedroom, five-bath home overlooking Mulholland Drive is listed for sale at $6.25 million and has been on the market two years. _____________________________ Over-extended Ed? Perhaps he should have cashed some of those Publishers Clearing House checks hisownself.
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Don't fear the reaper. |
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06-05-2008, 02:06 PM
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Dog-faced pony soldier
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Just another bubble idiot who bought beyond his means. Sorry Ed. Stand in line with the other 999,999. Sorry to hear about your neck, but you should've thought about things like that before you bought over your head (no pun).
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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06-05-2008, 02:30 PM
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Evolved
Join Date: Jan 2007
Posts: 3,338
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but wait ...there's more
"....he did say that the current problems are unrelated to a toxic mold that spread through the structure, sickened McMahon and his wife, and led to the death of their dog in 2001. He received a $7.2 million settlement from that case." ___________________________ That money (7.2M) went where....??? ...more?? "The house is near that of pop star Britney Spears, which doesn't always work in its favor." __________________ No wonder it won't sell. Bad neighborhood!
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Don't fear the reaper. Last edited by Mo_Gearhead; 06-05-2008 at 02:46 PM.. |
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06-05-2008, 02:41 PM
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least common denominator
Join Date: Aug 2001
Location: San Pedro,CA
Posts: 22,506
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I fell bad for Mr. McMahon
But I honestly don't see how people can blow this kind of money. Sure if I was that rich I would have some expensive toys but I would also ferret away a million here and there in a few high yield bank accounts. And I'm no rocket scientist. (shut up your mouth!)
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Gary Fisher 29er 2019 Kia Stinger 2.0t gone  1995 Miata Sold 1984 944 Sold I am not lost for I know where I am, however where I am is lost. - Winnie the poo. |
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06-05-2008, 03:39 PM
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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
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A friend once said, "Only a real intelligent guy can make millions a year just by laughing at bad jokes." Such is Ed.
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The Terror of Tiny Town |
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06-05-2008, 03:50 PM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,970
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Understand that he used much of the settlement to fix the mold issue at his house. Evidently the entire house was full of the black mold crap and it was either fix the house or condem it, and he fixed it.
Nice guy and sad to see him fall on hard times. He has owned that house for years, having purchased it almost 20 years ago in 1990. A WW2 Marine Corp vet, he deserves better...
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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06-05-2008, 05:10 PM
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The Unsettler
Join Date: Dec 2002
Location: Lantanna TX
Posts: 23,885
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He'll be OK. He has friends.
Remember when Willie Nelson had to sell all his stuff to help pay his IRS tab? All of his buds bought the stuff at auction and gave it back to him.
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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06-05-2008, 05:20 PM
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Evolved
Join Date: Jan 2007
Posts: 3,338
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QUOTE: "A WW2 Marine Corp vet, he deserves better..."
_____________ Ok I'll bite ... please tell me the meaning of that sentence? Here's a man that chased the housing bubble on it's 'never-ending' (Oops!) upward spiral, taking out numerous home equity loans (to spend on what?...who cares) and (gasp) ...got caught in the housing collapse. I certainly wish I was the remodeling contractor on that $$$ 'mold fix'. Or ... "he deserves better"...as in we shouldn't even discuss it ...him being a Veteran and all???
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Don't fear the reaper. |
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06-05-2008, 05:26 PM
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