Trump to buy McMahon's home, let him live there

August 15, 2008 3:45:29 PM PDT
Donald Trump will soon be Ed McMahon's landlord. He's saving McMahon's 7,000-square-foot Beverly Hills mansion from foreclosure by buying it and leasing it to McMahon. The developer told the Los Angeles Times he doesn't know McMahon personally, but acted out of compassion.

Johnny Carson's former sidekick is now 85, and hasn't worked for about 18 months because of a neck injury. He defaulted on 4.8 million dollars in mortgage loans.

There's no word on the purchase price. The home was listed at 4.6 million dollars last weekend, down from a peak price of seven million.

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