Comments on: Ed McMahon Facing Home Foreclosure

Former "Star Search" Host $644,000 Behind In Payments On $4.8M Mortgage

[thgdriver]

Well, isn''''t that to bad he gets to be part of the "American Dream" like thousands, or perhaps millions, who lost or about to loose their home.


Posted by nikosk1

According to the story, ED has not asked anybody for a dime. On the other hand, millions of Americans have their hand out and are expecting the American Taxpayer to pay their mortgage so they can live in homes they could ill afford in the first place. Nobama has a social plan for all of you, hang on.

[thgdriver]

Posted by Sengelly

I don''t think Ed has asked anybody for a dime. He probably will be fine. I was brought in a family that was taught early on to expect the unexpected.

All money management advisor''s for decades, have always tauted the "3 month in mortgage payments saved in the bank rule" for that Rainy day (so to speak). If you find you can''t save that, you are already living beyond your means.

[carpriddler]

Ed, like most men of money when they get old, hooked up with a young woman that took him to the cleaners. Before her, his other wife took him to the cleaners.
Big bucks, big taxes, and the market went south. Hang in there Ed.

[carpriddler]

You are correct magnificent one! Yes, Kemo Sabe ! Ten Million Dollars!

[sengelly]

The first thing that comes to my mind is what has Ed McMahon done with all the money he has earned over the course of his career? Mr.McMahon has had more money and opportunities in his life than the average person. I can not feel sorry for a person of means who has not managed his finances properly. Yet I can feel for the average American family that has always and continues to work hard everyday and has to pay their mortgage or rent payment and then choose between food and health care. Most Americans have not had the opportunities Mr. McMahon has had and would give anything to experience the life he has led. Fame, fourtune, money, luxury homes and cars, fancy vacations. Mr. McMahon has had it all. No I cannot feel sorry for him.

[thgdriver]

I hope none of these morons are experiencing any unfortunate situations in their own paltry little insignificant and meaningless lives.

Posted by Credibility2

Listen to me credibility2, It''s called living within your means, it''s called saving for a rainy day. Far too many folks today, wanting to impress their friend and neighbors, went in "way" over their heads on a home. Then they maxed out their credit cards to furnish it. Add two luxury cars for the garage and live pay check to pay check.

You don''t have to worry credibility, once Nobama is in office the American taxpayer will be bailing all the folks like you out of the mess you have yourself in.

[thgdriver]

Nobama has a new Democratic social program that he wants to implement as soon as he is president. People like poor ED who can''t afford their mortgage payments will get the help they need to keep that roof (that they could not afford) over their heads. All he needs to do is hang on till the tax and spend Dimwitocrats get into office, all his troubles will be over.

[kcmary1]

7,000 square feet that had Toxic Mold bad enough to kill the dog? Multi-million dollar settlement? An 85 year old man and his wife who needs a mansion? I''m sorry Ed, buy yourself a nice little $300,000 bungalow and let yourself live easy and well.

I don''t symapthize with over indulgence.

[ioweign]

Ed should just give back the house - they can move in with his parents...

[credibility2]

All this proves is that the housing mess affects everyone and considering he got his mortgage from Countrywide, one shouldn''t be that surprised. It''s disgusting the way some of the posters are passing judgment on this terrible situation. We don''t really know all of the financial aspects of this. It''s ironic that when a rapper or some other music industry fool, or sports figure has money problems, I think many of the posters here try to feel compassion for the downfall. But because it''s an older person like McMahon, cruel judgment is being passed. I hope none of these morons are experiencing any unfortunate situations in their own paltry little insignificant and meaningless lives.

[fstop100]

you think he would have learned how to manage money, the rest of us have to.

[nothappyatall]

They give an 85 year old guy an 8 million dollar mortgage??? He buys the house in 1990 then gets over $7.2 million in a settlement in 2001 and he cant pay his bills??

He needs a SEVEN THOUSAND sq foot McMansion with SIX bedrooms and FIVE baths for himslef and his wife???

[rational_1]

I guess Johnny didn''t pay that much!

There''s no excuse for a guy his age to be in this situation after making as much money as I''m sure he made all these years.

Heeeeeeeeere''s bankruptcy.

[docpeter-2009]

I''m sorry for you ed ...NOT.

I lost my home over a year ago, and it wasn''t due to foreclosure, it was due to occupational downsizing.

My home was worth a mere $100,000, considerably less than he owes.

I refuse to really feel sorry for the trials and tribulationws of the wealthy.

[mrpisces-2009]

I have no pity for this guy. American Publishers were sued for misleading so many people into buying things as part of that fake lottery. He should move out of his house live within his means. Maybe he should do what all average seniors do when they need a job at such an old age. Work as a greeter at Walmart!!!

[thewarning2]

DAMNIT Ed!!!

[mjvw2]

Poor Ed. I think the taxpayers should bail him out like the rest of the losers. Yeah right!

[ksjeff-2009]

7.2 Million in 2001 would have PAID the entire mortgage. I don''t feel sorry for the old fool. Let him learn from his mistakes like everyone else in California. Tough sh**.

[heero2020]

I guess he got money management advice from MC Hammer

[bwright923]

"Its not a loan, its a line of credit! You are just taking the equity you have earned out of your home!" Ok, is it money from a bank? Are you going to have to pay it back at some point? If you don''t will they come after your assets to get their money back? Then it is a LOAN and if you just get one so you can have some jet ski''s and throw a nice party for your neighbors on Muholland Drive, you are going to be in the poor house! At 85 you would think that he would be thinking about having some money to take care of himself in his old age.