Heeereeeeeee’s………Foreclosure.

[Coronita]

Apparently, Ed McMahon is facing foreclosure. See not all people that made a lot ended up keeping a lot….This is really too bad. I like this guy on TV.

The sad part, though, is are taxpayers going to end up bailing him out too 🙂 ?

http://www.cnn.com/2008/SHOWBIZ/TV/06/04/mcmahon.foreclosure/index.html

LOS ANGELES, California (CNN) — The foreclosure problems sweeping the United States apparently have ensnared Ed McMahon, who is best known as Johnny Carson's sidekick on "The Tonight Show."

The Wall Street Journal reported Tuesday that McMahon was $644,000 in arrears on a $4.8 million loan for a home in Beverly Hills, California.

McMahon's spokesman, Howard Bragman, confirmed to CNN late Tuesday that McMahon is in discussions with his lender and hopes to find a resolution.

The newspaper reported that ReconTrust, a division of Countrywide Financial, filed a notice of default related to a loan for McMahon's house in Los Angeles County Recorder's Court on Feb. 28. It said his house has been on the market for about two years.

Nationally, one of every 194 U.S. households received a foreclosure filing in the first three months of 2008, according to recent figures from RealtyTrac.

There were nearly 650,000 foreclosure filings — which include notices of default, auction sales and bank repossessions — issued during the first quarter of 2008. That's up 23 percent from the last quarter of 2007, and up a staggering 112 percent from the same period a year ago.

Foreclosures increased in 46 states and in 90 of the nation's 100 largest metro areas.

More than 156,000 families have lost their homes to bank repossessions this year.

[Ex-SD]

That’s crazy! Ed McMahon has made a LOT of money and he’s 85 years old. He shouldn’t even be carrying a mortgage at his age. I guess there’s no age limit for people abusing the system.
Remarkable!

[Ex-SD]

That’s crazy! Ed McMahon has made a LOT of money and he’s 85 years old. He shouldn’t even be carrying a mortgage at his age. I guess there’s no age limit for people abusing the system.
Remarkable!

[Ex-SD]

That’s crazy! Ed McMahon has made a LOT of money and he’s 85 years old. He shouldn’t even be carrying a mortgage at his age. I guess there’s no age limit for people abusing the system.
Remarkable!

[Ex-SD]

That’s crazy! Ed McMahon has made a LOT of money and he’s 85 years old. He shouldn’t even be carrying a mortgage at his age. I guess there’s no age limit for people abusing the system.
Remarkable!

[Ex-SD]

That’s crazy! Ed McMahon has made a LOT of money and he’s 85 years old. He shouldn’t even be carrying a mortgage at his age. I guess there’s no age limit for people abusing the system.
Remarkable!

[Casca]

Who knows what the truth is. What is known is that he’s 85, and probably on his way out with that broken neck. He is probably beyond caring what happens to the hacienda.

[Casca]

Who knows what the truth is. What is known is that he’s 85, and probably on his way out with that broken neck. He is probably beyond caring what happens to the hacienda.

[Casca]

Who knows what the truth is. What is known is that he’s 85, and probably on his way out with that broken neck. He is probably beyond caring what happens to the hacienda.

[Casca]

Who knows what the truth is. What is known is that he’s 85, and probably on his way out with that broken neck. He is probably beyond caring what happens to the hacienda.

[Casca]

Who knows what the truth is. What is known is that he’s 85, and probably on his way out with that broken neck. He is probably beyond caring what happens to the hacienda.

[HarryBosch]

I caught Ed and Pam McMahon on Larry King Live last night. Ed McMahon’s main theme was to express sympathy for the 1M homes in foreclosure and to talk about his home’s proximity to BSpears – ironic that he “discovered” her at age 10 on his Star Search show. They kept running the headline “1M Homes in Foreclosure” at the bottom of the screen. Their sentiments were that somehow someway they will survive.

“If you spend more money than you make, you know what happens,” McMahon said Thursday night on CNN’s “Larry King Live.” ”You know, a couple of divorces thrown in, a few things like that. And, you know, things happen.”

Here’s the live version: http://www.baltimoresun.com/entertainment/news/bal-mcmahon0606,0,1892679.story

(Looks like the video link on that page is not working.)

[HarryBosch]

I caught Ed and Pam McMahon on Larry King Live last night. Ed McMahon’s main theme was to express sympathy for the 1M homes in foreclosure and to talk about his home’s proximity to BSpears – ironic that he “discovered” her at age 10 on his Star Search show. They kept running the headline “1M Homes in Foreclosure” at the bottom of the screen. Their sentiments were that somehow someway they will survive.

“If you spend more money than you make, you know what happens,” McMahon said Thursday night on CNN’s “Larry King Live.” ”You know, a couple of divorces thrown in, a few things like that. And, you know, things happen.”

Here’s the live version: http://www.baltimoresun.com/entertainment/news/bal-mcmahon0606,0,1892679.story

(Looks like the video link on that page is not working.)

[HarryBosch]

I caught Ed and Pam McMahon on Larry King Live last night. Ed McMahon’s main theme was to express sympathy for the 1M homes in foreclosure and to talk about his home’s proximity to BSpears – ironic that he “discovered” her at age 10 on his Star Search show. They kept running the headline “1M Homes in Foreclosure” at the bottom of the screen. Their sentiments were that somehow someway they will survive.

“If you spend more money than you make, you know what happens,” McMahon said Thursday night on CNN’s “Larry King Live.” ”You know, a couple of divorces thrown in, a few things like that. And, you know, things happen.”

Here’s the live version: http://www.baltimoresun.com/entertainment/news/bal-mcmahon0606,0,1892679.story

(Looks like the video link on that page is not working.)

[HarryBosch]

I caught Ed and Pam McMahon on Larry King Live last night. Ed McMahon’s main theme was to express sympathy for the 1M homes in foreclosure and to talk about his home’s proximity to BSpears – ironic that he “discovered” her at age 10 on his Star Search show. They kept running the headline “1M Homes in Foreclosure” at the bottom of the screen. Their sentiments were that somehow someway they will survive.

“If you spend more money than you make, you know what happens,” McMahon said Thursday night on CNN’s “Larry King Live.” ”You know, a couple of divorces thrown in, a few things like that. And, you know, things happen.”

Here’s the live version: http://www.baltimoresun.com/entertainment/news/bal-mcmahon0606,0,1892679.story

(Looks like the video link on that page is not working.)

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