Results tagged “countrywide”

Last week, it was reported that developer Donald Trump was going to buy TV personality Ed McMahon's home out of foreclosure, allowing McMahon to continue to live in it while paying rent. But now it turns out there's some competition for the $4.6 million mansion, with a second anonymous buyer emerging. Trump said, "I hope they take good care of Ed McMahon because he deserves it. The only reason anybody other than me would be interested in this house is because I showed an interest in it first. I just heard that the person negotiating doesn't have financing, and the deal would be subject to getting financing, something which I, obviously, don't need." McMahon had a $4.8 million mortgage out on the property from Countrywide, which said the 85-year-old was $644,000 behind on payments in February.