Posts Tagged ‘mortgage’

Ed McMahon would like to win the Publisher’s Clearing House sweepstakes himself

June 4, 2008

In case you don’t get the reference in the title, Ed McMahon, along with being on the Tonight Show for years and appearing on the Jerry Lewis telethon, was a long time spokesman for the Publisher’s Clearing House (PCH) sweepstakes – where you would buy magazines and “send it in” for a chance at $10,000,000. “Come on, send it in.” Well, poor Ed’s been down on his luck and has been unable to “send it in”, his mortgage payments that is, to Countrywide.

Ed McMahon, the longtime sidekick to television star Johnny Carson, faces the possible loss of his Beverly Hills home to a foreclosure action initiated by a unit of Countrywide Financial Corp.”

More: “Howard Bragman, a spokesman for Mr. McMahon, said late Tuesday that his client is having ‘very fruitful discussions’ with the lender and hopes to find a resolution. It isn’t clear whether that would allow the 85-year-old Mr. McMahon and his wife, Pamela, to remain in the six-bedroom home.”

The Journal reports McMahon was in arrears to the tune of $644,000 on a $4.8-million loan, and has fallen on hard times — he broke his neck in a fall 18 months ago and has not been able to work in that time. The Journal also reports the McMahon home has been on the market for roughly two years and is now listed for $5.75 million.

BTW PCH is looking for some IT / web people right now.