What Do Ed McMahon, Jose Canseco, Evander Holyfield & Courtney Love Have in Common?
foreclosures, the rich and famous are also taking their foreclosure hits. Ed McMahon Probably the highest profile celebrity foreclosure involves Tonight Show star Ed McMahon’s threatened foreclosure on his Beverly Hills mansion. The Johnny Carson sidekick had fallen behind on his mortgage payment to the tune of $644,000. His $6 million home had been on the market for two years without one buyer offer. Within weeks of foreclosure on McMahon’s home, billionaire real estate investor Donald Trump offered to buy the house and become Ed’s landlord. McMahon, however, took an offer from another buyer instead of Trump’s offer. Unfortunately, that offer fell through and Trump stepped in again with the same offer. Michael Jackson Singer Michael Jackson’s Neverland Ranch foreclosure was another high profile one. In May 2008, the 2500-acre Santa Barbara County estate went into foreclosure due to Jackson’s mounting debts. At the time, he hadn’t lived at Neverland for two years. Fortunately, Neverlan
