Finally, A House John McCain Doesn't Own

Donald Trump is off the hook. Someone else has stepped up and is buying Ed McMahon's house.
Ed Mahon: Click to launch
Ed has been dogged by his L.A. mansion, which was sitting on the brink of foreclosure. Last week, Donald said he would help the man he admired by buying the property. Ed's realtor, Alex Davis, tells us Trump actually made a written offer but was outbid.

Ed's rep says the buyer surfaced last week, after Trump got all that publicity. We're told escrow opened yesterday but it's still not a done deal.

As for who's buying the house, the out-of-state buyer wants confidentiality. However, Ed's rep says it's not John McCain.

And we just got this statement from The Donald: "...The other buyer has signed a purchase agreement....subject to many contingencies including but not limited to a mortgage contingency. Mr. Trump clearly would not need a mortgage and would be capable of closing this transaction immediately. If the other buyer should be successful in this bid, Mr. Trump truly hopes that they do the right thing by Ed McMahon and not have this 85-year-old American icon removed from the property."

So here's the question -- If Donald really wants Ed to stay in the house, why didn't he just outbid the buyer?

Reader Comments

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31. AMEN SASHA!!!!!!!!!!!!!!!!!

Posted at 10:27PM on Aug 22nd 2008 by thats all !

32. Donald Trump is a pompous famewhore.

Posted at 1:34AM on Aug 23rd 2008 by s

33. Whoever writes these posts: why don't you say something negative about Barry Obama? You seem to dump on John Mc Cain. Obama needs EQUAL TIME....

Posted at 4:00AM on Aug 23rd 2008 by Love the OC; Living in the OC

34. DONALD TRUMP IS A MEDIA WHORE AND JUST WANTS ATTENTION IF HE REALLY WANTED TO BUY THIS HOUSE HE WOULD HAVE BOUGHT IT OUTRIGHT CASH UPFRONT NO BIDS AT ALL COULD BE HE IS A LITTLE CASH STRAPPED AT THE MOMENT

Posted at 7:05AM on Aug 23rd 2008 by SMN

35. Trump got a lot of free publicity and exposure from this.................for all his properties for sale, for THE APPRENTICE, etc etc etc

he is sly like a fox...................trying to help Ed out? I dont think so

Posted at 7:14AM on Aug 23rd 2008 by mack

36. Why doesn't Ed cut up his wife's credit cards? This looks like elder abuse.

Posted at 8:17AM on Aug 23rd 2008 by ???

37. TAXES! That is why Ed lost his house. Before the horrible, horrible tax increase by Clinton-Gore in 1993 it required 14,000 dollars of income to make a 10,000 dollar house payment. After the horrendous Clinton-Gore tax increase of 1993 it took 22,400 dollars of income to make a 10,000 dollar house payment. An increase of 8,400 dollars to make a 10,000 dollar house payment. House and farmland payment always come from the last dollars earned. I know this as I was facing that as well, on a farmland payment. Don't start picking nits, because the same Clinton-Gore huge tax increase also subjected 85 percent of the social security to income tax. That makes the math come out absolutely correct. And you liberals moan and whine that the republicans attack social security. Clinton-Gore did it and you praised the action. HYPOCRITES all. And you people want to elect obama to raise your taxes AGAIN. The housing crisis, so-called was brought on by a minor increase of a few measly interest increases. Phony when compared to the increase of income taxes on the income taxes due, even after our President Bush's effort to lower the income taxes in the face of an obstructionist democrat pelosi-reid cabal.

Posted at 4:58PM on Aug 23rd 2008 by Jake

38. 13. people who's mortgages are in jeapordy? Give me a break. Those people brought it on them selves. You should be smarter than taking a crappie loan. Its your own fault.

Posted at 5:46PM on Aug 22nd 2008 by jb

Yeah!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I declined the crappy mortgage deal on a condo listed $100,000 more than its worth and shazam! I rent it for 860.00 and my neighbor pays a 1600.00 mortgage on it. Cause they were greedy and wanted to get rich quick- "flipping it" Greedy people will always get a bad deal and then cry that its "the mans " fault- tryin to keep a brother down- Idiots!

Posted at 12:10PM on Aug 23rd 2008 by jeezlouise

39. i thimk trump as out for publicity nothing else. he is a media whore

Posted at 3:38PM on Aug 23rd 2008 by Joe Mama

40. you will vote for Obama if:

1.You are weak minded
2. You are looking for a savior to make it all better
3. You heard on TV that he was popular
4. You watch infomercials and buy whatever they sell
5. You are a racist
6. You are uneducated
7. You want free stuff, money and welfare
8.You want to lose the war to end the war.
9.You hate America
10. You are not informed.
Just say Nobama unless you want to live in a country that panders, and apologizes to terrorists and enemies.

Posted at 12:19PM on Aug 23rd 2008 by Make the right choice

41. Ole Ed cannot control his wife's spending so why should Trump bail him out?? What does Trump owe the old fella?? Trump could give ole Ed's wife some lessons in cash flow and cash management.

Posted at 1:05PM on Aug 23rd 2008 by Big Bear

42. If anyone wants to know why Donald Trump and all of the other billionaires dont help the poor, is because we are not famous. "Donald Trump to bail out John and Jane Smith , whom never had a pot to piss in " doesnt make good head lines. We are people , me included , who are about to lose homes , have lost jobs ,rely on food pantrys , and have no savings left. Im sure they care , but not in a good way. By the way , If The Mc mahons of the world had a yard sale , I bet they would fetch a higher price for their stuff then the 25 - 50 cents I'll get for mine. Makes me sick.

Posted at 1:10PM on Aug 23rd 2008 by livie

43. Ok, I'm clarifying it again in slow motion how real estate works: Donald Trump made an offer of buying Ed's house/home/mansion and letting him stay in it for life. Someone else made a higher offer, contingent on a mortgage and he won't let Ed stay in it. Ed had the choice. The ball was in Ed's court. He took the gamble and took the higher offer, that may not go through, over DT's that was all cash and where he could have lived in it. nobody to blame for this situation but Ed.

Posted at 1:52PM on Aug 23rd 2008 by michaela

44. gotta be the dumbest SOB in hollywood. worked for 60 years makeing money and you do not 2 nickels. what a loser.

Posted at 2:35PM on Aug 23rd 2008 by bulldogi

45. Donald Trump is a complete slimeball, and low-class hood. Thanks to his feud with Rosie, the world finally got to see what New Yorkers have known for years - he has no class, no dignity, and no integrity. He's a bottom-feeder of the worst kind, and there's not an ounce of generosity or giving in his blood. Trash.

Posted at 8:14PM on Aug 23rd 2008 by Scott

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