Wednesday, July 30, 2008

Your Mama Hears...

...that financially beleaguered octogenarian Ed McMahon may have finally sold his damn house up in Beverly Hills. According to a well placed source we'll call Jim Dandy, after listing the property about a hundred years ago, several price chops and a whole mess of publicity, the 7,013 square foot McMahon manse finally has a buyer willing to cough up some cash and save Mister McMahon's real estate ass.

As has been reported far and wide, Mister McMahon is thisclose to facing a nasty foreclosure on his 6 bedroom and 5 bathroom house located in the guard gated Summit community due to his inability to make good a reported $4,800,000 mortgage on the property.

Although we can not confirm the rumor, it was also whispered in Your Mama's big ear that the buyer is one of the well paid writers for the television program The Entourage.

Not that anyone needs to hear it again, but the Summit is the very same community where on the mental mend Britney Spears lives as well as rapidly procreating rock goddess Gwen Stefani and her supah-sexy huzband Gavin Rossdale.


Anonymous said...

And the saga continues. Thanks for the update Mama. It may also interest people to know that McMahon is busy blaming everyone but himself for his financial, legal, and physical woes in an effort to collect money from them.

McMahon is suing the owners of the home where he fell while he was attending a dinner party claiming a ramp-like staircase was "unsafe" because it was poorly lit and lacked handrails. The home is owned by Robert Day, who owns an investment firm and has been on Forbes' list of richest Americans.

McMahon is also suing Cedars-Sinai Medical Center and two doctors for negligence, battery, elder abuse, and intentional infliction of emotional distress, claiming they discharged him with a broken neck and didn't adequately conduct two surgeries.


Anonymous said...

Ed McMahon = LOSER

TIB said...

Um, hello... you totes could have called his pile of almost-foreclosed-upon bricks "the Ultimate McMahon-sion".

Kellie said...

And you forgot the latest suit:
A New York lawsuit claims Ed McMahon owes lawyers more than $275,000 for handling his daughter's divorce.

The never ending Ed McMahon saga... Dum, dum, dummmmmmm

Lenora said...

Not to nitpick but here I am nitpicking; it's actually just Entourage, no "the".

I saw Ed McMahon on a commercial this morning. I don't know how old it was but I assume he's making some money from that.

Anonymous said...

In related news...when is that darned fourth season of entourage airing!

Anonymous said...

What can I say...the guy has always been high maintenance!!

Anonymous said...

What can I say....he's terrible in the sack, too. No money management skills at all, and he's got terribly bad breath.

Anonymous said...

I believe Vanessa Williams lives on the same block, a few houses west of Big Ed's place. I think the homes are overpriced in the Summit. Some good views, but it's a bitch to drive up the winding blind curve roads to get there. Some homes have good valley city views, others like Ed's have Canyon views.

Bet it sold for a lot less then the original asking price.

Any bets where Ed and his wife wind-up living?

Anonymous said...

What I love is how some of the media has held up Ed McMahon as a victim of the recession. Please. He's a victim of his own bad behavior and mismanagement. The recession has nothing to do with this.

Anonymous said...

did you see the family on CELEBRITY FAMILY FEUD!!! it was hysterical. the wife was so over the top - almost drunk acting.

Ed & family are on the 2nd half of the episode



Anonymous said...

Ed should retire to a rest home. I wonder if the gold digger would follow?

Anonymous said...

Isn't this the house that had the well-publicized toxic mold problem? No wonder it took so long to sell if it is, and if it is, I'm shocked it sold at all...who wants to buy a moldy house from a moldy old man? The place must smell wonderful, LOL...;-)

Anonymous said...

average joe here back for a spell

I have to say that I am really surprised that the RE market still has not crashed yet

but what is more surprising is how many are out there catching the falling knives and still way way way overpaying for these high end properties

how to lose a millions in less than a year.........

buy now.............. LOL

our leaders are still calling for the RE bottom and I have the answer

wind the clock back to 1996 prices, then we can build again

or better yet knock off a zero at the end of these prices that only a fool would pay for.

then again like the great Gordon Geko says from the movie Wall Street,

"a fool and his money are lucky enough to get together in the first place."

oh and now our leaders are being asked by the banks and wall streeters to create a new product "hot air" of imaginary wealth for all of us to sink our hard earned finances into.

gee I wonder what that will be ?

and how do you like the latest one ?

wall streeet paid themselves 250 billion in bonuses over the last few years and now that the money had dried up, we the tax payers are expected to bail them out.

at this time I really wish I was born into a wasp family, they are getting away with murder and we have to take it in the behind with a handshake and a smile.

average joe out

Anonymous said...

average joe

- do you think about $4m for 2260 Sunset Plaza is reasonable? it is $9.9m and been sitting on the market for donkey years.

Anonymous said...

That is a tough one considering it was built for 40MM in the 90's by a german industrialist who never lived in it, it sold I believe for 12MM in the late 90's to a internet tycoon who then was brought up on fraud charges and then sold to a beverage mogul for 7MM

Now on viewmont drive there is an amazing home with views to die for recently appraised for 4MM they are asking for 2.2MM and there are still no takers

It is starting to look like buyers for the high end market 2-20 range are starting to dry up, well in LA at least.

The other problem with that places like that is you have to drive for 10 minutes up a long windy road sometimes dangerous road to get there, I know this because I live below it and after a while it starts to become a pain in the behind

at least the viewmont place is a 3 minute drive up although I cannot figure out why they can't sell it even at 2.2MM, maybe there are problems with the title ?

I myself am still waiting for a real crash to happen which has clearly not occured yet because I know I will be able to go in and buy nice properties for pennies on the dollar.

PotPourri said...

I wish he would unload his money hungry wife.

Anonymous said...

FYI, the price of his house has been lowered to $4,600,000

Anonymous said...
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