It was reported on August 14, 2008, that Donald Trump offered to buy Ed McMahon's Beverly Hills home after the 85-year-old former Johnny Carson side-kick was injured and no longer able to work to pay his mortgage. As a result, McMahon's mortgage company, Countrywide Financial Corp., threatened to foreclose on McMahon's property. Trump was going to buy the home from McMahon and continue to let him and his wife live there.LA Times: Donald Trump to Rescue Ed McMahon (August 14, 2008)
On August 22, 2008, it was reported that McMahon is selling his home to a private buyer.PerezHilton: Trump Won't Be McMahon's Landlord (August 22, 2008)
Quotes
- "I don't know the man, but I grew up watching him on TV. Helping him would be an honor. When I was at the Wharton School of Business, I'd watch him every night. How could this happen?"—Donald TrumpEOnline: Ed McMahon's New Landlord (August 14, 2008)
References
Fast Facts
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January 1990
McMahon reportedly purchased the six-bedroom, five-bathroom, 7,000-square-foot house for $2.6 millionFox News: Trump Rescues Ed McMahon (August 14, 2008)
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Fact:
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Fact:
Ed McMahon was behind $640,000 in payments on his $4.8 million mortgage loanFox News: Trump Rescues Ed McMahon (August 14, 2008)
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Fact:
The house was on the market for approximately two yearsFox News: Trump Rescues Ed McMahon (August 14, 2008)
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Fact:
The asking price for the house dropped from $7.7 million to $4.6 millionLA Times: Unusual Appeal by Ed McMahon's Agent (August 14, 2008)
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Fact:
McMahon was 85 years old when he received his foreclosure notice in 2008Fox News: Trump Rescues Ed McMahon (August 14, 2008)
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Fact:
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McMahon is also being sued by his former lawyers for $275,000 and by another lender for $250,000CNBC: Donald! (August 15, 2008)
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Fact:
It was reported on August 22, 2008, that McMahon has a private buyer for his homePerezHilton: Trump Won't Be McMahon's Landlord (August 22, 2008)
