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Former Johnny Carson wingman, Ed McMahon, 85, is suffering from the credit crunch that is costing many Americans their homes. The elderly spokesperson is $644,000 behind on a $4.8 million loan on his Beverly Hills Mansion and risks foreclosure. What’s worse is that he’s having trouble selling the home, which has been for sale for two years and he’s asking $5.75 million for, because the paparazzi swarming Britney’s mansion in the same neighborhood are making the location less desirable for wealthy buyers.
McMahon broke his neck in a 2007 fall and underwent two corrective surgeries. He has been laid up and unable to work since. He lives in the house with his wife Pamela. The Wall St. Journal reports that he may be able to work out a settlement or arrangement with the bank so that he is not forced to move out.
The last I remember seeing McMahon he was endorsing those sweepstakes that scammed people into subscribing to magazines. That publishing company, American Family Publishers, filed for bankruptcy in 1998. McMahon currently hosts a hour long weekly radio show on the USA Network called “Lifestyles Live.” According to IMDB, he had some piecemeal voicework for children’s cartoons in 2003 and 2004 and has a bit part in an upcoming movie called Jelly.
McMahon received a $7.2 million settlement from an insurance company in a 2002 lawsuit over mold that spread throughout the home, killing his dog and making his wife ill. That detail about the home was easy to find, and may also deter potential buyers.
Ed McMahon is shown at the Simpsons Movie premiere on 7/24/07, thanks to WENN.
Written by Celebitchy
Posted in Ed McMahon
7 Responses to “Ed McMahon may lose house to foreclosure”
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Yeah, something is fishy here.
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he should thank his lucky stars he was able to have any kind of career, as he seems to have no actual talent.
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good grief I have no sympathy. The only advice I have for him is, just maybe, don’t live in a multimillion dollar house if you can’t afford it ??
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I tried real hard but couldn’t dredge up sympathy for this owner of a mansion. So what should have been done years ago, DOWNSIZE like everybody else with money issue’s.
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When he left the “Tonight Show” McMahon had a whole bunch of projects on the go. In addition to the sweepstakes gig he was doing a show with Dick Clark and hosting a bunch of stuff too. He’s had at least one divorce since then — I wonder what else he spent his money on?
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Cmon Ed, You’ve been working for centuries
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What? he had a 7.2 million $ settlement and had a mortgage for $4.8 million….Why the hell didn’t he pay his house off? Where did he spend his 7.2 million dollars. I don’t have a lot of sympathy.
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