Ed McMahon Battles Foreclosure

June 4, 2008 RSS Feed Print
  • Comment (28)

Is Ed McMahon a candidate for The Home Front's title of America's least sympathetic housing crisis victim? (The title is now held by former slugger Jose Canseco, who held off a gutsy challenge from ex-NBA star Latrell Sprewell last month.)

Let's look at the situation, from the Associated Press:

Ed McMahon, who for decades appeared as Johnny Carson's sidekick on the Tonight Show, is fighting to avoid foreclosure on his multimillion-dollar Beverly Hills home, according to published reports.

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 February 28 with the Los Angeles County Recorder's Office, the Wall Street Journal first reported late Tuesday.

Sounds pretty unsympathetic. I mean the guy was essentially the Ryan Seacrest of his generation. Why wouldn't he be able to pay his mortgage?

From the AP:

He has been unable to work as a pitchman for various products since he broke his neck 18 months ago, said his spokesman, Howard Bragman.

Oh.

And it says here that McMahon also served in the military during the Korean War.

From militarymuseum.org:

McMahon got his big break when he was offered a job in New York with CBS; however, he was recalled into the Marine Corps due to the Korean War. After several months of training in Miami and El Toro, McMahon arrived in Korea in February 1953. He flew 85 artillery-spotting missions in the Cessna OE Bird Dog before returning home in September 1953.

In light of those factors, I'm going to rule that Ed McMahon is in fact not an unsympathetic housing crisis victim. Call me a softie, but I do have some sympathy for Korean War veterans with broken necks.

(Of course, God knows how many artillery-spotting missions Jose Canseco would have run had he just been born sooner. Oh, space-time continuum, why must you be so rigid and cruel?)

It's an open question, though: Is Ed McMahon a tragic victim of the housing crisis or a common deadbeat?

Your thoughts?

Tags:
foreclosures,
housing market,
celebrities

Reader Comments Read all comments (28)

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Sheer irresponsibility...

http://stockfield.wordpress.com/2008/09/25/ed-mcmahon-is-what-is-wrong-with-this-country/

of GA 9:31AM September 25, 2008

$4.8 million in morgage loans, at his age, come on, give me a break. Buy a two bedroom home for $200,000 and get over yourself. It's not like he has a huge family at home. I hear Donald Trump bailed him out of that. Hey Mr.Trump, I am a Soldier, defending our country, come give me some cash. I don't need near that much.

of KY 2:31PM September 21, 2008

we've all had our knocks in life. i agree with david. he's had more oppurtunity than most will ever have. he squandered it. out the door he goes - heeeeeeeeeeeere's your foreclosure notice!!

drew of MN 1:41PM September 21, 2008

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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