Ed McMahon's Realtor Makes Donald Trump An Offer He Can't Refuse
Cheers to Ed McMahon, whose week started with more miserable news about lawsuits and money owed but ends with word that he's managed at least one solution: He's found a buyer for his Beverly Hills manse, which was mere weeks away from foreclosure after the beleaguered 85-year-old legend defaulted on $4.8 million in loans with Countrywide. Alas, the inevitable catch: The buyer is Donald Trump, who boasted to the LA Times about his "honor" in leasing the home back to McMahon, adding, "When I was at the Wharton School of Business, I'd watch him every night. How could this happen?" Good question, and one that's partially answered in a fascinating advertisement published this week in the Los Angeles MLS Open House Guide. There, broker Alex Davis made a last-minute, full-page appeal on McMahon's behalf, laying out the dire scenario along with some of the speed bumps he and McMahon had struck along the way: "Lowball offers" of $4.6 million, flaky speculators, and the last of the bank's deadline extensions. But finally the pitch comes down to selling McMahon himself: "[Y]ou will be the hero of a man who's been the hero of so many others if you could help bring this deal to fruition." Ah — so that's what Trump was after. Read the full ad after the jump.