http://news.yahoo.com/s/ap/20080604/ap_on_en_tv/people_ed_mcmahon

:rofl:

I'm sure he can rent a nice apartment in Studio City.

Studio in Studio City

Yes!!! You Are Correct Sir!!

Free lesson in financial planning...


Maybe The Publishers Clearing House will save teh dayz!

The former sidekick to Johnny Carson on the "Tonight" show is in danger of losing his multimillion-dollar Beverly Hills home to foreclosure. Documents show that McMahon is nearly $644,000 behind in payments on a $4.8 million mortgage loan he got in 2005. Countrywide Home Loans Inc. filed the notice of default on Feb. 28, with the amount owed to "increase until your account becomes current," according to documents obtained by Celebtv.com.

As of Wednesday afternoon, McMahon's Mediterranean-styled house was still in the process of foreclosure; the bank hasn't taken it over yet and no trustee sale date has been set. McMahon and his wife, Pamela, are having "very fruitful discussions" with the lender to resolve the problem, spokesman Howard Bragman said Wednesday.

Bragman declined to give specifics about McMahon's finances, but said the 85-year-old television personality has been unable to work since he broke his neck 18 months ago. He did say that the current problems are unrelated to a toxic mold that spread through the structure, sickened McMahon and his wife, and led to the death of their dog in 2001. He received a $7.2 million settlement from that case.


Dear HELOC/REFI,

FAIL.

What has he done with the residuals from the Tonight Show ? Then he gets 7.2 mill in a settlement ? Holy shit.

crazy

I sued the same company he sued for that 7.2, Alliance Environmental Group.

Were you the weiner too ?

Larry King: What did happen, Ed?

Ed McMahon: It's a combination, it's like a perfect storm. Economy problems. Selling the house right now is a tremendous operation .... We've had this house on the market for two years. We've shown it, I don't know how many, 50 organizations or people. Nobody has made an offer. I mean, it's just a lovely home. I hate to leave it. I want to keep the home. I want this all to work out. Watch McMahon tell King what went wrong »

King: And the payments, you can't make -- what's the problem?

Ed McMahon: Well, if you spend more money than you make, you know what happens. And it can happen. You know, a couple of divorces thrown in, a few things like that. And, you know, things happen. You want everything to be perfect, but that combination of the economy, I have a little injury, I have a situation. And it all came together.



http://www.cnn.com/2008/SHOWBIZ/TV/06/06/lkl.mcmahon/index.html

I saw that last night on CNN, Larry made them look like fools.

He had to pay for his current wife's 10,000 plastic surgeries

:wave: