More proof that housing as definitely moved past subprime. According to the Wall Street Journal, Ed McMahon (of Publishers Clearing House and The Tonight Show fame) may lose his house to foreclosure. Evidently, McMahon has fallen about $644K behind on a $4.8M loan secured by his loan. The home, listed at $5.75M by Christie's Great Estates, has been on the market for two years.
According to McMahon's spokesperson, the reason for the delinquency is that the celebrity broke his neck in a fall 18 months ago and hasn't been able to work. OK, Ed McMahon is 85 years old, and he has to work to pay off his home? We're definitely in trouble now.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment