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For McMahon-sion, Heeeere's Foreclosure!

Posted Jun 4th 2008 9:15AM by TMZ Staff

Ed McMahon of Bev Hills: You may have already defaulted on a nearly five million dollar loan, and you could lose your house soon!
Click to read the documents!
Foreclosure is underway, according to the Wall Street Journal, on McMahon's six-bedroom mansion in BH. 85-year-old Ed's been laid up with a broken neck and he hasn't been able to work. So he's in arrears, you'll pardon the expression.

And get this -- the real estate agent who's trying to unload the house says all the papers following Britney Spears (who lives nearby) are wreaking such havoc in the neighborhood it's scaring potential buyers away.

BTW, the house has been on the market for two years -- it's now listed at $6.25 mil. A few years back Ed had a huge mold problem with the house. Ed sued and got $7.2 mil.

Tags: Ed McMahon, EdMcmahon, Foreclosure

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(Page 4 of 4) Previous 15 Comments

46. I smell a reality show coming.....

Posted at 2:37PM on Jun 4th 2008 by mike b

47. You gotta be kidding me. Ed McMahon was making $1 million/year when he was with the Carson show, and was making over 1/2 million/yr as the spokesman for publisher's clearing house. He won 7.2 Million in that lawsuit, and he can't pay his mortgage? What the hell is he spending it on? I know he broke his neck 18 months ago, but he's got to have money socked away somewhere. C'mon, Ed, pay your mortgage current!

Posted at 3:20PM on Jun 4th 2008 by Say WHAT?

48. That's unbelievable that he has no money. Must be poor investments and blowing it at the racetrack, gambling or something. Sad how he looks like an old old man now when he used to be so vibrant on Carson....

Posted at 7:36PM on Jun 4th 2008 by Gwyneth

49. Thanks for the SS numbers..I can sure use them.
Morons!!

Posted at 10:18PM on Jun 6th 2008 by Ron

50. So let me get this right, he didn't have people around him with brains enough to pay off the mortgage when he won the 7.2MM in the lawsuit?

Brilliant!

Posted at 8:20PM on Jun 4th 2008 by commonfolk

51. Poor Ed...sounds like this second banana needs a second mortgage. Don't see why he can't skim off a little from Jerry's Kids. It's not like they going to be walking over for a visit.

The thing is he pissed away a fortune in premium liquour. I'm sure he never drank cheap swill.

If all else fails, I'm sure Alpo will send Ed a case or two to tide him through these lean times.

Posted at 11:09PM on Jun 4th 2008 by chicken stripper

52. This is the stuff that happens when people decide to live above their means. I don't care who you are or how much money you may have (or think you may have)... no one has any business living in a house the size of a Hotel. :P

Posted at 11:44PM on Jun 4th 2008 by Bell

53. Sad! I have a book comming out on how to avoid foreclosure. It shows very simple way that has been used for generations by many people. My publisher says the book may cost between $14 to $21. It should come out in two months. Name: Foreclosure: What would Bill Gates Do. If anyone wants the info, I can gladly email it for free to individuals until the book comes out.

Posted at 12:14AM on Jun 5th 2008 by mishael ondieki

54. Bob McMahon's is not an isolated case. I have come up with a self help system that people can use to help themselves out of foreclosure, that can benefit many people. I would like to educate people for free, until my book, which is being published, comes out in a few months ahead. I would like to share the simple ideas with you or anybody in that matter who can spread the free information to help millions of faceless people facing McMahon's dilemma, only unnoticed.
If it is a story you may be interested in, please contact me by email on ondieki1@yahoo.com and at the mention Ed McMahon on the subject tab. It is only available for free until the book comes out.
P.S
My book is called; Foreclosure: What would Bill Gates Do?

Posted at 12:36AM on Jun 5th 2008 by mishael ondieki

55. Oh America....such a lack of compassion for Mr. mcMahon. I hope Oprah bails him out...she has done it before. After all she bought herself a president helping Ed shouldn't be a big deal,.

Posted at 5:27PM on Jun 5th 2008 by mary

56. Give me a break!! I work in an entertainment firm and these celebrities as well as others in our nation have been spending beyond their means for years and jamming it down our throats. I don't feel sorry for them one bit. If they had kept to a budget that would still have plenty of money but they refused to do it. So let them live on the street if that's what it takes. As well most celebrities get so many freebies it's pathetic. Now they want everyone else to feel sorry for them and bail them out. No way. Maybe if they have to clean a few toilets and flip some burgers they'll learn. Living within your means is a responsibility and these people celebrities and non-celebrities need to take responsibility for their own actions.

Posted at 10:03PM on Jun 7th 2008 by havemoneyinthebank

57. I feel so bad for him and everyone else that is loosing their beloved home. My goodness, such hard times

Posted at 6:04PM on Jun 8th 2008 by EvieJK

58. HIS WIFE, PAMELA IS YOUNG ENOUGH SHE CAN WORK. WHY IS HE WORKING AT 85 YEARS OLD?

I hope part of the deal with Trump is he makes her get a job.

Posted at 9:25AM on Aug 16th 2008 by oatbran

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