Foreclosure Possible for Ed McMahon

Compiled by FELICIA R. LEE
Published: June 5, 2008

Ed McMahon, Johnny Carson’s former sidekick on “The Tonight Show” and the former host of “Star Search,” is said to face foreclosure on his multimillion-dollar Beverly Hills house, above, because he is $644,000 behind in payments. The Associated Press reported that Mr. McMahon had fallen behind in payments on $4.8 million in mortgage loans. A unit of the Countrywide Financial Corporation filed a default notice on Feb. 28 with the Los Angeles County Recorder’s Office, The Wall Street Journal reported on Tuesday. Beyond his decades of work with Carson, Mr. McMahon, 85, has also been a spokesman for the American Family Publishers’ sweepstakes. But Howard Bragman, his spokesman, said Mr. McMahon had not been able to work as a spokesman for various products since he broke his neck 18 months ago. He added that Mr. McMahon had been in “very fruitful discussions” with the lender to resolve the situation. It is unclear whether Mr. McMahon and his wife, Pamela, will remain in the six-bedroom, five-bathroom house, in a hilltop gated community overlooking Mulholland Drive. It is listed for sale at $6.25 million and has been on the market for two years, said a real estate agent, Alex Davis.[quote]