Ed McMahon fighting foreclosure
LOS ANGELES (AP) -June 4, 2008 The former "Star Search" host was $644,000 behind on payments
on $4.8 million in mortgage loans when a unit of Countrywide
Financial Corp. filed a default notice Feb. 28 with the Los Angeles
County Recorder's Office, The Wall Street Journal first reported
late Tuesday.
McMahon, 85, has been unable to work as a pitchman for various
products since he broke his neck 18 months ago, said his spokesman,
Howard Bragman.
"There are plenty of people affected by the weak economy, bad
housing market or bad health," Bragman said.
McMahon has been in "very fruitful discussions" with the
lender to resolve the situation, Bragman said. But it's unclear
whether McMahon and his wife, Pamela, will remain in the home.
A spokesman for Countrywide declined comment to the Los Angeles
Times.
The six-bedroom, five-bath house is in a hilltop gated community
overlooking Mulholland Drive called The Summit and is listed for
sale at $6.25 million. It has been on the market two years,
according to real estate agent Alex Davis, who has the listing.
The house is near that of pop star Britney Spears, which doesn't
always work in its favor.
"When we were trying to sell the house one time, there were
about 100 paparazzi there," Davis said.
