Ed McMahon faces foreclosure of his six-bedroom mansion in the Summit neighborhood above Beverly Hills, CA
In the latest celebrity foreclosure case (and probably the oddest one), the 7,013-square-foot Beverly Hills, Calif. home of Ed McMahon, the 85-year-old former sidekick to the late Johnny Carson, reportedly is facing foreclosure. 
The Wall Street Journal just broke the story tonight that a unit of Countrywide Financial Corp. is proceeding to foreclose on McMahon’s house, at 12000 Crest Court in the gated Summit neighborhood inside the Beverly Hills postal area. McMahon’s house has long been on the market, as we reported back on March 25, 2007. At that time, the house had been reduced from $6,999,000 to $6,750,000 after previously having been on the market for $7.7 million. It’s now available for $6,250,000. McMahon purchased the house in 1990 for $2.6 million, according to public records.
The bigger question is, how on earth could Ed McMahon be in jeopardy of losing his house to foreclosure? Wikipedia says that McMahon was said to have been worth more than $200 million in the 1990s because of extensive real estate holdings, although that was reported to have declined somewhat because of divorce settlements and the nationwide decline in real estate. Built in 1989, McMahon’s house has decorative fireplaces, a master suite that overlooks the yard and the canyon, a pool, a spa, a lanai, a library, a sauna, a sound studio and canyon-to-ocean views, according to listing information and a Los Angeles Times article from 2006. We don’t believe in jinxes (honestly, we don’t), but this house does have a snakebitten feel to it. In addition to the foreclosure action, McMahon previously had a horrific experience in the house in July 2001, when a water pipe burst, flooded the house’s den and damaged McMahon’s cherished memorabilia from his long TV career. Mold then appeared in the house’s den and spread through the house’s heating and air conditioning ducts into McMahons bedroom, into closets and even underneath the Jacuzzi in the master bedroom. The house then was gutted, and a $20 million lawsuit that McMahon filed in 2002 against his insurance company, insurance adjusters and several environmental cleanup contractors eventually was settled out of court for a reported $7.2 million. Recall that baseball player Jose Canseco recently had his house in Los Angeles’ Encino area foreclosed, as we reported on May 2. Check out an online listing sheet for the house — complete with photos — here.
By Bob Goldsborough at 12 June, 2008, 5:33 am
Berg Properties is licensed in Illinois, Texas, Minnesota and Missouri.
Categories : Hollywood Stars
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Omg! I Would Love To Live In Hollywood… Hopefully When I Grow Up I’ll Be Able To Live There.. Its Like My Dream
I Love Everything About HOLLYWOOD! =D
Whenever I Go To Hollywood I Feel Soo Happy Being There For Some Reason…I Just Wanna Live There Soo Bad D: I Really Like To Sing And I’ve Always Dreamed Of Becoming Famous And Living There….
So Hopefully My Dream Comes True…
I associate him particularly from M.A.S.H., my beloved serial. I remember watching this serial with my brother. It must have been long long time ago.
Hopefully there are steel re-runs on TV, I miss no-one.
Being successful is one thing but getting rich off donations is another. If the money strictly came from books or from people saying I want to give money to you the person–not the ministry then that would be a better situation. This appears to have money rolling in from all corners
I love this home, it is gorgeous. Keith and Nicole have amazing style and this home is definitely my style. If I had the big bucks I would by this home, if I were in America that is.
All my love Nicole!
ROB AND BRITTANY KARDASHION AFTER THEY GET MARRIED THEY WILL MOVE INTO THE JENNER/ KARDASHION HOUSE THIS HOUSE THAT IS POSTED IS EVERYTHING ROB AND BRITTANY WANTS AND IT HAS EVERYTHING ROB AND BRITTANY WANTS ROB AND BRITTANY WILL CONSIDER MOVING INTO IT IN 2012 NEXT YEAR AND THEY WILL LIVE HAPPLY EVER AFTER IN LOS ANGELES
plezzzzzzzzz e mail me im your bigest fan i love u guys so much im 10 and i have a puppy and her naame is bella she haves 3 legs and she love new people ill love you guy to come vist me and my puppy i hop u can come i love your hole family as a friend. im trying to be come a moldle just like kim and everyone els in your family : ) ellebell04@live.com.
Fantastic news! thank for the infor, love to hear more
It’s amazing that in this recession that people are still spending this kind of money.
She bought the unit for Coretta Scott King.
very nice house cheap price to at 3.3 million love the size.
LINDO DE D++++++++++++++++++++++++++ O DR REY I LOVE YOU
This is my dream house, I absolutely love love love it, sadly I do not yet, I mean, YET have the money to buy it!!
Hi Kimorah
Pls bring back the show, my twins cant waite to watch it, they are boys and six years old the thing is they have a krush on your daghters and they just want to watch it. I was also addicted to the show I just want to watch your fabulous life, that i wish I had, but I know it come with the hard work. My name is beauty and the twins names are Themba and Sthembile from South Africa (Kimberley) I so wish to see you, let me know when you visit South Africa. Fabulocity is the Queen. One day is one day.
nice house
I should have been an actor!
I cant believe people are talking to them like they are a real family. ITS TELEVISION! Also, Gary Coleman and Dana Plato are dead and have been for a while. Conrad Bain is in a nursing home in California.
Where do you people live, Mars?!
Cute house,,kinda small though. Wouldn’t think celebs lived there at all
Very nice on the inside though,my parents considered buying it,but choose a nicer bigger house in the beverly hills area.
I have lived and worked in “Over Priced” Beverly Hills for a few years. A wise investment buy property miles away from Los Angeles,Calif ..then build a residence. With foreign investors from the Middle east,China and other non-speaking “English” countries. They fly over buy up real estate,,tear down then flip it for a profit.,,Hollywood isnt what it used to be when I first stepped into this former glitz city. Change is apparent ..but is this really the United States anymore or China? Saudi Arabia?…
I notice that I typed my email incorrectly, preciousdlitecleaning@yahoo.com
is this the “haunted” house she is going on about on celebrity ghost stories??? and re: is this us or china/saudi arabia… who cares. its hollywood. are those tits/hair/teeth you see on anyone walking around real or are they purchased?
PLEASE BRING THE SHOW BACK
PLEASE BRING THE SHOW BACK, I MISS ALL THE DOCTORS
Hey Roseanne,
I to was a funny lady. But my husbands MS kept me from traveling the circuit.
I would love to live there and help with the farm. I love what you are doing. You are so giving. You are my hero. Ps. If he won’t marry you get rid of the extra baggage.
I’m ready, more than ready to help on the Island. Give to those that need.
I have worked in the theatre at a college and love people. I’m now reitired and hate it. I’m so bored. I need to talk with you. My husband has had MS for 30 years. I am at the end of the so called rope.
I love the laughs I get when I do comedy. But I always have to go home to nothing. I feel chained to a pole. I hate it. It’s the hightest of highs to hear the people laugh. Something my husband will never understand. It’s a drug to me.
What do I do?
In the state of Illinois I’m a master gardner. The University of Illinois.
I love the earth. I love the smell of it. You are an angel. Giving everyone
the fruit of the earth. Jesus loves you.
I do use the F word just like you do. I can’t imagine making through some of the daily things given us without it
Beer helps.
ya ya ya
could some one please give me the money to buy the kardashians house i wud luv to live there with my two small children wow what a life they wud have me and my boyfriend wud be soooooo happy
I adore Ashton Kutcher and he Gets Naked For Ellen, Ashton Kutcher is off on the road to advertise the pants off his new role on Two and a Half Men. Oh hold your horse, that’s promote with his pants off. Ashton stripped down to his birthday suit for the season first performance of The Ellen DeGeneres Show
Hi Kris,
My name is Lois Grossman and love your shows, I watch them all the time. Congratulations on Kim’s wedding. After watching the show in Bora Bora and Robert said he did not know what he wanted to do.. Why doesn’t he start he own Clothing Line. He has a creative mind and could come in with a style of him own for Men. T-Shirts, Cargo Pants, Hiking Boots and the list goes on and on. The family loves Golf he could come up with a Golf shirt in his own style. And Suits, Suits by Robert Kardashian, people would live to see a clothing line by him.
Just an idea.
Lois
Sherman Oaks, Ca
818 906 0838
A dream is having a place-You don’t need to spend a fortune to be happy.
I love Teri Garr, she is in an old episode of Friends right now. Stay strong, Teri!
I love this house! I pray that i will be blessed with this house… maybe not in the same location but hopefully the same exact house in my hometown…in the name of Jesus Amen!
to other person up the page simon is not actor, then again, they do act a bit on these x factor shows, simon cowell made his money as a music r and r i think its called, then hit the big time creating the x factor, makes 100 of millions!.
that was a reply to
“Dave Cook
19 July 2011″ saying “I should have been an actor!”
haha or a singer even?, so they make good money still?.
hi channing
Jenna dewan must be so lucky to have you! how I wish I was her,even just for 1 night just to be with you,lol!but Im serious!and you really have a nice house,hope t see more movies f you
That explains it!!!!!!!!!!! Every year, Stone Barn Castle used to do a really cute Halloween scavenger hunt — we used to go every year when, all of a sudden, it closed down. I didn’t realize it was purchased by him…that really stinks!!!!!!
I live in the area near the house at 7327 Woodrow Wilson Drive. It burned to the ground in September (it was being rented by another actor). If you google “Woodrow Wildon Drive structure fire” you should find the video.
DID BRUCE JENNER HAVE FAMILY/RELATIVES LIVING IN WESTERN PA — near Blairsville, PA?
DID / DOES BRUCE JENNER HAVE RELATIVES/FAMILY LIVING IN WESTERN PENNSYLVANIA — NEAR BLAIRSVILLE, PA ??
Mitt Romney yOU l ook Very Hand Some You Are Angel Love Susan Verre.
Mitt Romney You Are My Hero And Favorite Person For Susan Verre .