Trump To Buy McMahon’s Home And Let Him Live There - With Video
BEVERLY HILLS, Calif. - Donald Trump will soon be Ed McMahon’s landlord.
Trump announced Thursday he would save the television personality’s Beverly Hills mansion from foreclosure by buying it for an undisclosed amount and leasing it to McMahon.
The developer told the Los Angeles Times he doesn’t know McMahon personally, but acted out of compassion because helping out “would be an honor.”
McMahon, 85, who was Johnny Carson’s sidekick on the “Tonight” show for three decades, has not worked for about 18 months because of a neck injury. He defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp.
McMahon’s spokesman, Howard Bragman, told The Associated Press that paperwork on the sale had not been completed but that McMahon was “very optimistic” the deal would go through.
“When I was at the Wharton School of Business I’d watch him every night,” Trump told the Times. “How could this happen?”
McMahon bought the six-bedroom, five-bathroom, 7,000-square-foot house in January 1990. The home was listed at $4.6 million last weekend—down from a peak price of $7 million.
(AP)
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I have absolutely no sympathy in this. This man made millions and millions of dollars in his life time and threw it away. We’ve worked hard and saved and did without and we paid for my house. No one came in and paid my bills for me. When we needed more money we got more jobs. At one point my hubby and I worked 5 jobs between us and the kids still never saw the inside of a daycare!
August 15th, 2008 at 5:00 amThat made my day
August 15th, 2008 at 5:10 amHe should have kept one of them giant checks for himself.
August 15th, 2008 at 5:36 amand they say donald trumps heart grew 5 times that day and the ice just melted away
very cool.
August 15th, 2008 at 5:44 amHey, The Donald, can you pay for my girls’ education this year?
August 15th, 2008 at 3:37 pmMuch appreciated.
Marc