Wall Street Journal: Ed McMahon May Lose Beverly Hills Home
Proof that the foreclosure crisis is affecting not just the lower and middle classes, James R. Hagerty and Glenn R. Simpson of the “Wall Street Journal” bring you the scoop on Ed McMahon’s recent announcement regarding his mansion’s pending foreclosure.
By JAMES R. HAGERTY and GLENN R. SIMPSON
June 4, 2008; Page A3
“Ed McMahon, the longtime sidekick to U.S. talk show host Johnny Carson, has blamed the possible foreclosure of his Beverly Hills mansion on a “perfect storm” of problems facing Americans caught in the housing downturn.
“It’s a combination, it’s like a perfect storm,” McMahon, 85, told CNN talk show host Larry King in an interview on Thursday night. “Economy problems… We’ve had this house on the market for two years.”
“McMahon, most famous for his “Heeeeeeeeere’s Johnny” introduction to “The Tonight Show” for 30 years, said he was $644,000 in arrears on the mortgage for the six bed, five bathroom house in Beverly Hills, which is listed for sale at $5.75 million.”
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Copyright 2008 by the Wall Street Journal
Tags: celebrity foreclosure, foreclosure homes, foreclosure news, Real Estate
