Just Jack Posted June 5, 2008 Share Posted June 5, 2008 Seems he's behind his mortage and needs money.... Ed McMahon's home in danger of foreclosure By CHRISTY LEMIRE – 11 hours ago LOS ANGELES (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. Link to comment Share on other sites More sharing options...
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