Ed McMahon – Soon Could Be
Bankrupt & Homeless Living On The Streets
85 year old Ed McMahon (Edward Peter Leo McMahon Jr.)
Johnny Carson’s “SideKick” on “The Tonight Show” is another
victim of the Mortgage Crisis in California.
The Wall Street Journal reported Tuesday that McMahon was
$644,000 in arrears on a $4.8 million loan for a home in Beverly
Hills, California.
The Mortgage Company ReconTrust, a division of Countrywide
Financial (CFC, Fortune 500), filed a notice of default related to
a loan for McMahon’s house in Los Angeles County Recorder’s
Court on Feb. 28.
Ed McMahon, the longtime sidekick to television star Johnny Carson, faces the possible loss of
his Beverly Hills home to a foreclosure action initiated by a unit of Countrywide Financial Corp.
Howard Bragman, a spokesman for Mr. McMahon, said late Tuesday that his client is having
"very fruitful discussions" with the lender and hopes to find a resolution. It isn't clear whether
that would allow the 85-year-old Mr. McMahon and his wife, Pamela, to remain in the six-
bedroom home.
A Countrywide spokeswoman said the lender
couldn't comment in such cases "due to privacy
issues."
Mr. McMahon, a jovial fixture of American
television for decades, is one of the most
prominent people caught up in a wave of
mortgage defaults that has devastated low-
income areas, suburbia and even a few posh
gated communities, such as the one where the
McMahons live. U.S. Rep. Laura Richardson, a
California Democrat, recently lost a home in
Sacramento to a foreclosure. Rep. Richardson
christiesgreatestates.com
Ed McMahon faces possible foreclosure on his
Beverly Hills home.
didn't respond to requests for comment.
ReconTrust, a unit of mortgage lender Countrywide Financial, on Feb. 28 filed a notice of
default on a $4.8 million Countrywide loan backed by Mr. McMahon's home. The notice was
filed with the Los Angeles County Recorder's Office but hasn't previously come to light.
According to the filing, Mr. McMahon was then about $644,000 in