Trump to Rescue McMahon from Foreclosure - Reuters
Donald Trump is in the negotiation process to help save 85-year-old Ed McMahon from foreclosure. His goal is to pay off the current lender and re-lease the property to McMahon. If Donald Trump invests in pre-foreclosures and foreclosure properties, there’s a good chance that there has to be reasonable profit potential there. The man is no fool. Sign up for RealtyStore and find yourself a pre-foreclosure right now!
Here’s the scoop on Trump’s rescue mission, published on August 15, 2008:
LOS ANGELES (Reuters) - Billionaire businessman Donald Trump is offering to rescue TV personality Ed McMahon from foreclosure on his multimillion dollar Beverly Hills home.
“There are discussions, but it is not a done deal yet. We are optimistic,” McMahon’s spokesman Howard Bragman told Reuters on Friday.
Trump, a real estate developer and celebrity host of TV reality show “The Apprentice,” told the Los Angeles Times he stepped in after widespread publicity over McMahon’s default on a $4.8 million mortgage on his six-bedroom, five-bathroom home.
Read the full Story, “Trump offers to help Ed McMahon avert foreclosure.”
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Tags: celebrity foreclosure, foreclosure homes, foreclosure investing, foreclosure news, Real Estate, real estate bubble
