Donald Trump-Ed McMahon deal not a done deal
The listing agent for Ed McMahon's heading-for-foreclosure house in Beverly Hills says that the property is now in a "multiple offer situation." Last Thursday, billionaire developer Donald Trump announced that he had made the lenders an offer and expected to be able to buy the house and lease it back to McMahon. But it now appears that Trump has competition.
Alex Davis of Hilton & Hyland, Beverly Hills, now says that a second buyer who wishes to remain anonymous has entered the picture. The junior lien holders have agreed to a short sale at $4.6 million, Davis said, and "that's the number we need to get to."
He added: "This is crunch time."
-- Ann Brenoff
Photo: Getty Images
Sheer irresponsibility... http://stockfield.wordpress.com/2008/09/25/
ed-mcmahon-is-what-is-wrong-with-this-country/
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