Ed McMahon facing foreclosure in Beverly Hills

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Jose Canseco losing a house is one thing. But foreclosure for Ed McMahon? True indeed, reports the Los Angeles Times: ‘Ed McMahon, the longtime sidekick to Johnny Carson on ‘The Tonight Show,’ is fighting to avoid foreclosure on his multimillion-dollar Beverly Hills estate.’

More, from the Times’ Peter Hong: ‘McMahon defaulted on $4.8 million in mortgage loans with a unit of Countrywide Financial Corp., which filed a notice of default in March, according to ForeclosureRadar, a company that sells default data pulled from public records.’

From The Wall Street Journal: ‘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.

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Photo credit: Associated Press