Ed's Wife

Late US TV legend Johnny Carson's former The Tonight Show sidekick Ed McMahon's financial problems are down to his boozing , according to his longtime manager. The comedian is facing foreclosure on his multi-million dollar Beverly Hills, California mansion after he fell behind with his mortgage repayments. McMahon reportedly owes GBP300,000 in overdue payments and a repossession company has filed a default notice on the property - meaning he could now lose the house altogether. The 85-year-old has been out of work for 18 months after breaking his neck in a fall. He has been attempting to sell the GBP3.1 million home for two years, but the US property market troubles have scuppered his plans. However, McMahon's manager claims the star's financial woes could be down to a drink problem, insisting before McMahon got sober 10 years ago his boozing ways meant he neglected many financial matters. He tells New York gossip column Page Six, You drink and you don't pay attention to your business affairs. He wasn't paying attention and probably got some bad advice. He adds, I'm hoping America will rally around him and somebody will have a great idea to make him a spokesman.

McMahon's financial problems are down to his boozing , according to his longtime manager. The comedian is facing foreclosure on his multi-million dollar Beverly Hills, California mansion after he fell behind with his mortgage repayments. McMahon reportedly owes GBP300,000 in overdue payments and a repossession company has filed a default notice on the property - meaning he could now lose the house altogether. The 85-year-old has been out of work for 18 months after breaking his neck in a fall. He has been attempting to sell the GBP3.1 million home for two years, but the US property market troubles have scuppered his plans. However, McMahon's manager claims the star's financial woes could be down to a drink problem, insisting before McMahon got sober 10 years ago his boozing ways meant he neglected many financial matters. He tells New York gossip column Page Six, You drink and you don't pay attention to your business affairs. He wasn't paying attention and probably got some bad advice. He adds, I'm hoping America will rally around him and somebody will have a great idea to make him a spokesman. Oh, for crying out loud. I have no beef with Ed MacMahon but the man doesn't need a 60-bedroom mansion to belch up old Scotch fumes and practice his HAY-ohhhhhs.  Let him move to a nice $3 million Spanish _style_ thingie down the road.

in message Late US TV legend Johnny Carson's former The Tonight Show sidekick Ed McMahon's financial problems are down to his boozing , according to his longtime manager. The comedian is facing foreclosure on his multi-million dollar Beverly Hills, California mansion after he fell behind with his mortgage repayments. McMahon reportedly owes GBP300,000 in overdue payments and a repossession company has filed a default notice on the property - meaning he could now lose the house altogether. The 85-year-old has been out of work for 18 months after breaking his neck in a fall. He has been attempting to sell the GBP3.1 million home for two years, but the US property market troubles have scuppered his plans. However, McMahon's manager claims the star's financial woes could be down to a drink problem, insisting before McMahon got sober 10 years ago his boozing ways meant he neglected many financial matters. He tells New York gossip column Page Six, You drink and you don't pay attention to your business affairs. He wasn't paying attention and probably got some bad advice. He adds, I'm hoping America will rally around him and somebody will have a great idea to make him a spokesman. Oh, for crying out loud. I have no beef with Ed MacMahon but the man doesn't need a 60-bedroom mansion to belch up old Scotch fumes and practice his HAY-ohhhhhs.  Let him move to a nice $3 million Spanish _style_ thingie down the road. ...and therein lies the rub.  The guy's basically in debt way past his eyeballs. He'd have to sell the home he's in (and we KNOW how that's panned out) to come up with the money to get the Spanish _style_ thingie.  I would think his credit rating is for the shits so borrowing is almost out of the question. twitch

13 Crystal Skeleton Aliens < This e-mail address is being protected from spam bots, you need JavaScript enabled to view it wrote in message Late US TV legend Johnny Carson's former The Tonight Show sidekick Ed McMahon's financial problems are down to his boozing , according to his longtime manager. The comedian is facing foreclosure on his multi-million dollar Beverly Hills, California mansion after he fell behind with his mortgage repayments. McMahon reportedly owes GBP300,000 in overdue payments and a repossession company has filed a default notice on the property - meaning he could now lose the house altogether. The 85-year-old has been out of work for 18 months after breaking his neck in a fall. He has been attempting to sell the GBP3.1 million home for two years, but the US property market troubles have scuppered his plans. However, McMahon's manager claims the star's financial woes could be down to a drink problem, insisting before McMahon got sober 10 years ago his boozing ways meant he neglected many financial matters. He tells New York gossip column Page Six, You drink and you don't pay attention to your business affairs. He wasn't paying attention and probably got some bad advice. He adds, I'm hoping America will rally around him and somebody will have a great idea to make him a spokesman. Oh, for crying out loud. I have no beef with Ed MacMahon but the man doesn't need a 60-bedroom mansion to belch up old Scotch fumes and practice his HAY-ohhhhhs.  Let him move to a nice $3 million Spanish _style_ thingie down the road.   It has nothing to do with the home he owns now, or he should downsize.   He basically took out a couple mortgages on his home, and now he is up to his neck in debt. He needs to negotiate with Countrywide/and other home loan companies, if others are involved, for some sort of deal. He needs to sell his house, probably for less than the outstanding loan, and try to liquidate other hard assets if he has any.  Basically he and his wife were trying to maintain their spending and life_style_ by putting up their home.- Hide quoted text - - Show quoted text - There will be some rich friends who rescue the McMahons. They won't be out on the street. A Dick Clark or the like will buy a modest - by Hollywood standards - condo for Ed to live out his remaining years. And the child he irresponsibly had in his senior years will be financially taken care of by the same wealthy friends. You can count on it. But... Ed is the start of a trend we will see more and more of over the years: elderly people who have no homes, savings, or ability to work. The boomer generation - you know, the ones that did cash out refinances on over-valued homes using subprime mortgages - will find their social security checks aren't big enough to cover mortgage payments. If you are young enough now, heed the warning. Purchase a home you can afford, pay it off by the time you are sixty, save for retirement, plan ahead, and follow your plan. The idea is you get a home with a mortgage payment you can afford. You scrimp for a few years, and you start to earn more money and inflation helps make your payment even seem lower. Within a few years, your mortgage payment is easy, you have ample spending cash, and you save for retirement. You don't move on up to a bigger home you can, once again, barely afford, hope the value increases, and tap the equity as quickly if it does. That plan doesn't work. That's the McMahon plan.