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Saturday, August 16, 2008

Donald Trump, Ed McMahon's Landlord?

Source: Zap2it.com

Donald Trump Wants to Be Ed McMahon's Landlord
Tycoon plans to purchase TV personality's Beverly Hills home

Ed McMahon will still have a roof over his head thanks to Donald Trump.

The real estate mogul plans to save the "Tonight Show" sidekick's Beverly Hills mansion from foreclosure by purchasing it and then leasing it back to McMahon, report news sources.

In June, the 85-year-old McMahon defaulted on $4.8 million in mortgage loans with a unit of Countrywide Financial Corp. in an attempt to avoid foreclosure on his multimillion-dollar Beverly Hills estate, which he purchased in 1990. This month, he was sued by Westmoore Lending for over a quarter million for not paying back loans that were taken out two years ago.

Trump doesn't know the 85-year-old McMahon personally, but considers it an "honor" to help him, stating, "When I was at the Wharton School of Business I'd watch him every night."

The sale hasn't been completed yet, but McMahon is "optimistic."

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This site was created during Dec. 30, 2006 (Philippine Time) known as "Kapamilya Pinoy Blogspot" at first but the author decided to change it to "TV Craze," on 5:06 a.m., February 12, 2008 (Philippine time). KPB still exists but it serves as a portal to this site for those who embraced its name. The name may have changed but the contents are still the same.

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