Daily Real Estate News  |  August 18, 2008  |   Trump Saves Ed McMahon From Foreclosure
Donald Trump says he will bail out Ed McMahon by buying his foreclosed home and leasing it back to the show host.

The 85-year-old McMahon was Johnny Carson’s sidekick on "The Tonight Show" for three decades. He hasn’t been able to work for 18 months after breaking his neck. During that time, he defaulted on a $4.5 million mortgage from Countrywide Financial Corp.

Trump says he doesn't know McMahon personally, but acted out of compassion. "When I was at the Wharton School of Business I'd watch him every night," the mega-developer said. "How could this happen?"

Source: The Associated Press (08/14/08)