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