Trump to Save Ed McMahon's House - Again
What a month for Ed McMahon and it's - what? - only four days in. First (last month) he's saved from home eviction by Donald Trump who stepped forward to buy his LA mansion and keep him in it. Then, a mystery buyer stepped forward, bested DT's offer, and the bank, Countrywide, took that one instead.
Then, yesterday - poof! The mystery buyer's deal collapsed, and suddenly, just like that, Ed McMahon was facing the repo man again.
And now the update: I just got off the phone with Michael Cohen, executive veep of the Trump Organization and special counsel to Trumpster, who said that "Mr. Trump remains committed to acquiring the McMahon property and to permitting Ed McMahon to remain on the property for a period to be determined by the two of them. The difficult part is that there are a multiple number of lenders. We are currently working through the lenders through Mr. McMahon's broker...and feel confident that Mr. Trump will ultimately end up with the property."
He added that it's "Mr. Trump's fervent desire to acquire the property and ensure that Ed McMahon remains in his home." Asking price was $4.6 million.
Why is the Donald doing this? My own read? There's a generous side to the guy - remember the time he bought the mortgage of someone who helped him on the Garden State Parkway? (The limo had broken down...) Yeah, it's not bad PR either, but I don't think Trumpster needs good, bad or indifferent PR. He's doing just fine, (and so is "Celeb Apprentice.")
Ed? He's one of the good guys of TV - not to mention a legendary one. So good for Donald - and Ed too.
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Comments (8)
I admire the Donald tremendously, but not for this. Ed McMahon got himself into this mess. There are decent, good, hard working men out there, eaking out a living and still unable to keep their homes. Those people need Mr. Trump's help. Ed McMahon should get himself out of this problem. He and his wife don't need to keep living in an extravant home they can't afford. Hopefully Mr. Trump will tire of being his landlord and kick the deadbeat out. Buy a few magazines, there Eddie, maybe you, too, can win a $1 million.
Trump is no fool. It's an investment that will pay back millions when real estate goes back up in two years
Why does'nt his young goldigger wife get a job?
Your right about folks with the back up against the wall. Let me ask you something how much good has Ed accomplished in his life time. How much time did he donate to causes that has help many. So what, Hollywood types has many causes and yet they left Ed to sink on his own. Did he plan a fall that caused his income to stop. He is like others, he fell in a stuff happens situation. I am not crazy about things Donald has done but at least he can help Ed out.
The bottom line is that its his money. Mr. Trump doesnt owe the "hardworking people" anything. Its his money and he should do whatever he wants with it. Do you like people telling you how to spend your cash?
heeeeers Donald..
Good for Donald. I am sure that he will come out earning money on this deal in the end, but in the meantime he is helping out Ed and taking the stress of losing his home off of him.
The one thing I don't understand is that I am sure Ed has enough money to downsize and live in a house similar to what we, the little people live in. Does anyone really need a huge mansion to live in to survive?
I admire Donalds sense of Charity in this case. It's nice of him to help out Ed McMahon.