McMahon 'ain't leaving' his home
LOS ANGELES - Ed McMahon can stay put. Publicist Howard Bragman has confirmed that the TV icon and his wife have no plans to move from their home, which has been facing foreclosure for nine months.
LOS ANGELES - Ed McMahon can stay put.
Publicist Howard Bragman has confirmed that the TV icon and his wife have no plans to move from their home, which has been facing foreclosure for nine months.
Bragman said he doesn't have details about the deal that's allowing the 85-year-old McMahon to stay, but added: "They ain't leaving."
Public records show there was a series of transfers of the loans last month on McMahon's house, which is in a hilltop gated community that's also home to Britney Spears.
A Southern California company, Foreclosure Trackers Inc., has taken credit for brokering the deal and says it plans to negotiate a better deal for McMahon.
Robert Lee, the company's chief executive officer, said earlier this year that his "goal from day one" was to prevent McMahon from having to move.
He said foreclosure proceedings against McMahon won't be closed, but will be postponed indefinitely, as the deal offers the McMahons lower payments on their home - a situation that will be evaluated every three months.
Lee said he worked for months on the McMahon house deal and his intention is to try to help other homeowners in similar situations. *