For television star, Ed McMahon, is in danger of his $7 million Beverly Hills mansion going into foreclosure. However, all is not to fear as Donald Trump has recently stepped in to buy a lien on the mansion and is renting it back to McMahon--good for you Donald!
After sustaining a neck injury, McMahon was unable to earn income from making commercials and as a result ended up defaulting on this multi-million dollar mortgage. Countrywide was the issuing bank of his loan.
If you don't know who Ed McMahon is, he's the guy that acted as Johnny Caron's sidekick on the Johnny Carson show.
What I really want to know is what's in it for Trump. You know he's not going to help this guy out of the kindness of his heart.
Being that Ed is 85 years old and suffering from a neck injury, I suspect Trump's bet is that this guy dies within the next 3 - 5 years at which point he'll sell the home for a premium.
Looks like no one is safe from the "mortgage crisis."
Donald Trump A.K.A. The Devil Himself: "Ha ha ha! Eddie Boy. You only have three more years left of living then I can flip your home for 10 times the price I bought it for!!!! Ha ha ha ha!"
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