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The Magic Cafe Forum Index » » Not very magical, still... » » Pretty Wild (0 Likes) Printer Friendly Version

daffydoug
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Eternal Order
Look mom! I've got
14077 Posts

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Here is an interesting article I found. Pretty wild!

BEVERLY HILLS, Calif. (AP) — Donald Trump will soon be Ed McMahon's landlord.


Trump announced Thursday he would save the television personality's Beverly Hills mansion from foreclosure by buying it for an undisclosed amount and leasing it to McMahon.

The developer told the Los Angeles Times he doesn't know McMahon personally, but acted out of compassion because helping out "would be an honor."

McMahon, 85, who was Johnny Carson's sidekick on the "Tonight" show for three decades, has not worked for about 18 months because of a neck injury. He defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp.

McMahon's spokesman, Howard Bragman, told The Associated Press that paperwork on the sale had not been completed but that McMahon was "very optimistic" the deal would go through.

"When I was at the Wharton School of Business I'd watch him every night," Trump told the Times. "How could this happen?"

McMahon bought the six-bedroom, five-bathroom, 7,000-square-foot house in January 1990. The home was listed at $4.6 million last weekend — down from a peak price of $7 million.
The difficult must become easy, the easy beautiful and the beautiful magical.
EsnRedshirt
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Newark, CA
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I hear that lots of people are having nightmares trying to buy homes in foreclosure- banks just don't want to deal with the hassle.

If there's anyone that could push a deal like that through, it would have to be Donald Trump. Hmm, that would be a nice charity to set up, if you had the connections and the cash- buying foreclosure homes, and renting/selling them back to the evictees.

-Erik
Self-proclaimed Jack-of-all-trades and google expert*.

* = Take any advice from this person with a grain of salt.
Doug Higley
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1942 - 2022
7152 Posts

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Hey Donald...ME Me Me!!! Remember? I was on TV in Anchorage! (and Tahoe!) Were you watching?
Pleeeeeeze.........come on man..........poop head...pee pee hat...
Higley's Giant Flea Pocket Zibit
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