McMohan fights on Beverly Home

June 6th, 2008 - 2:47 pm ICT by Amrit Rashmisrisethi  

For years, Ed McMohan promised wealth, comfort and happiness as a pitchman for the American Family Publishers’.The former sidekick to Johnny Carson on the “Tonight” show is in danger of losing his multimillion-dollar Beverly Hills home to foreclosure. Documents show that McMahon is nearly $644,000 behind in payments on a $4.8 million mortgage loan he got in 2005. Countrywide Home Loans Inc. filed the notice of default on Feb. 28, with the amount owed to “increase until your account becomes current,” according to document.

Ed, first bought the six-bedroom, five-bathroom, 7,000-square-foot house in January 1990; the purchase price wasn’t mentioned in court documents. It’s been on the market for the past two years and is listed at $6.25 million. The mansion is in a gated hilltop section off Mulholland Drive called The Summit, the same exclusive area where Britney Spears lives.

McMahon is the latest celebrity to be hit by Southern California’s foreclosure crisis. In May, former baseball star and “Juiced” author Jose Canseco had his property foreclosed in the San Fernando Valley. Canseco said then that he walked away from his $2.5 million, 7,300-square-foot home in suburban Encino because it didn’t make sense to continue making payments. Bragman said McMahon and his wife still live in their home and plan to remain there as long as possible: “He’s a pretty proud man. I don’t see him calling people and saying, ‘Send money.’ We’re not going to do a telethon for Ed.”

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