Trump to the Rescue: McMahon’s Home Saved
By: Diane Tuman, Zillow Content Manager | August 15, 2008
In a magnanimous act, real estate developer Donald Trump is rescuing Ed McMahon from foreclosure by buying McMahon’s home and leasing it back to him, according to the L.A. Times. As The Donald put it,
“When I was at the Wharton School of Business,” Trump said, “I’d watch him every night. How could this happen?”
Now that Ed is saved from foreclosure, what about other celebrities facing foreclosure?
- Stumble it!
- Categories: Celebrity Real Estate
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Celebrity Foreclosures | Zillow® Blog on August 15, 2008 1:10 pm
[...] 6/18/08: Shaq wants to help foreclosure victims 6/23/08: Dallas Cowboys’ ‘Pacman’ Jones and former NBA star Vin Baker in foreclosure trouble. 6/26/08: Ernestine Anderson in foreclosure trouble 7/10/08: Evander Ducks Foreclosure Punch 8/15/08: Trump Rescuing McMahon’s Home [...]
Mortgage Samson on August 18, 2008 6:11 pm
Does that qualify as a sale/leaseback?
Paul Dunn on August 18, 2008 9:15 pm
He couldn’t make the mortgage payments, how’s he going to make the lease payments?
Secret Bidder Wants McMahon’s Home | Zillow® Blog on August 21, 2008 12:47 pm
[...] there’s another bidder for Ed McMahon’s home that was about to be foreclosed on. While Donald Trump came to McMahon’s rescue last week, there seems to be a mystery bidder who also wants McMahon’s home. Not sure who [...]
Galvanic on June 14, 2009 4:22 pm
Trump is a really nice guy. He is tough, but has a big heart. I’m glad he is helping McMahon. Entertainers are really bad with money for the most part.