Real Estate Coaching & Market News

This site is frequently updated with lots of fresh content. Our “Featured” articles can be found here…

Technology

Real Estate Tech Marketing Tips, Product Recommendations, Screencasts and More. (NEW FEATURE)

Testimonials

Students talk about the Results they’re getting from Harris Real Estate University’s programs. — In their own Words!

Superstar Interviews

Audio Interviews with some of the Real Estate Industry’s biggest starts and top performers. Lots of Fun!

Tim & Julie Present

This archive of audio recordings with Tim and Julie cover a wide range of topics such as “Managing the Daily Stress of Your Business.”

Home » Real Estate Coaching & Market News

Here’s Johnny…No Wait. Don’t Take My House!

Submitted by Tim Harris on June 4, 2008 – 12:41 pmNo Comment | Popularity: 1% [?]

Ed McMahon, Johnny Carson’s sidekick on “The Tonight Show” for three decades, may lose his home to foreclosure. Ed’s home has been up for sale for two years.

A default notice for $643,596 was filed against the 85-year- old McMahon by ReconTrust Co., a unit of Countrywide Financial Corp., the biggest U.S. home lender. The default involves a $4.8 million mortgage issued by Calabasas, California-based Countrywide, according to property-record data collected by Discovery Bay, California-based ForeclosureRadar.

McMahon’s 7,013-square-foot (652-square-meter) home went up for sale at about $7 million in mid-2006. The price was later dropped to $5.75 million and then, two months ago, increased to $6.25 million. The boost was needed to pay what McMahon owes on the house. That sounds like a great idea….RAISE the price on a home that isn’t selling! (sarcasm intended)

The default notice was filed on March 3, according to ForeclosureRadar. Its filing was reported earlier today by the Wall Street Journal.

McMahon was the “Tonight Show” sidekick from 1962 until Carson retired in 1992, supplying both the drawn-out “Heeeere’s Johnny!” introduction and constant laughter at the host’s gags. McMahon also hosted the syndicated talent show “Star Search” and was a pitchman for the American Family Publishers sweepstakes.

McMahon isn’t the only celebrity with mortgage problems. Former baseball star Jose Canseco, who last played in the major leagues in 2001 and wrote a 2005 book revealing steroid use in the sport, also is losing his Los Angeles home to foreclosure, television show Inside Edition reported last month.

“It’s happening to anyone and everyone,” said Canseco.

Agents, you CAN help people who are facing foreclosure. You can sometimes help them to stay in their homes. As we have been saying for almost 2 years…

There has never been a time in history when so many home owners have needed the services of a caring, skilled agent. Be that agent. Learn now what it takes to thrive in this market.

Free 7 Part Short Sale Crash Course. Instant Download Now.


Realtor coaching, real estate coaching, coaching for real estate agents, Realtor coaching classes, Tim and Julie Harris, Harris Real Estate University, Harris Realtor Coaching, Tim and Julie Realtor coaching.

Popularity: 1% [?]

Similar Posts:

  1. HUGE Free Event At HREU Tomorrow…(Superstar Interview) Hello, Tomorrow is FRIDAY! Like you, we...
  2. Real Estate Markets Showing Signs Of Life? NAR Report Just Released. The latest look at the national housing...
  3. (Listen Now to Replay)Surprise Guest For Tomorrows Super Star Interview. You are invited to attend this free...

SocialTwist Tell-a-Friend

Leave a comment!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

Real

Web Analytics