L.A. Land

The rapidly changing landscape of the real estate market in Los Angeles and beyond

« Previous Post | L.A. Land Home | Next Post »

McMahon dodges another bullet

October 2, 2008 |  2:10 pm

K7kmcuncWarning: Those who can't bear to read another word about Ed McMahon and his foreclosure woes may want to skip this.

The Beverly Hills home of celebrity sidekick and pitchman McMahon was set to be auctioned today at 10:30 a.m. Just 45 minutes before that, according to Alex Davis of Hilton & Hyland, Beverly Hills, a deal with the bank was struck and the auction postponed.

It is yet to be determined whether McMahon will be allowed to stay in the house, but for the time being, his eviction isn't imminent. Someone will be purchasing the $5.1-million note held by Countrywide Financial. Davis isn't saying who. Yet.

More details on the deal will be forthcoming, promises Davis. And if you'd prefer, you can skip those too!

-- Ann Brenoff

Photo Credit: L.A. Times


Post a comment
If you are under 13 years of age you may read this message board, but you may not participate.
Here are the full legal terms you agree to by using this comment form.

Comments are moderated, and will not appear until they've been approved.

If you have a TypeKey or TypePad account, please Sign In





Comments


Advertisement

About the Bloggers

Recent Posts


Categories


Archives