"UPPER GRANDVIEW, NEW YORK - In the midst of foreclosure, actor Stephen Baldwin's hamlet home seems to be costing him far more than the $515,000 he paid for it in 1997.

"The 1.4-acre Old Mountain Road home will be up for public auction June 24 at Rockland County Court after Baldwin and his wife, Kennya, defaulted on paying $824,488.36 to mortgage holder Bankers Trust Co.

An update on McMahon's foreclosure situation. According to our post a couple weeks ago, "Trump to Rescue McMahon from Foreclosure," Donald Trump had offered to purchase McMahon's home and save him from foreclosure. Apparently Mr. McMahon did not accept Trump's gracious offer to pay off McMahon's debtors and act as landlord to the 85-year-old celebrity. Unfortunately, McMahon is unwilling to disclose who the buyer is and the identity of the buyer has not yet leaked to the Press.

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!

...Couldn't Save the Harpers From Foreclosure.

Three years ago, Patricia and Milton Harper and their sick children were granted a free home reconstruct with enough money to cover their taxes for 25 years by "Extreme Makeover," a show designed to help deserving families make repairs and upgrades to their homes for free.

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.