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Ed McMahon, Evander Holyfield at Risk of Foreclosure
The mortgage crisis spares no one, or so it seems.
First came news that pitchman Ed McMahon had defaulted on his $4.8 million mortgage with Countrywide. He explained his situation to CNN’s Larry King this way:
If you spend more money than you make, you know what happens. You know, a couple of divorces thrown in, a few things like that. And, you know, things happen.
![Holyfield: \"Not broke, just not liquid.\"](http://blog.smarthippo.com/wordpress/wp-content/holyfield_evander.jpg "Holyfield: \\"Not broke, just not liquid.\\"")
Then came news that heavyweight champion Evander Holyfeld was also at risk of foreclosure due to his defaulting on a $10 million loan from Washington Mutual.
In the case of McMahon, being famous does have its advantages, however. He claims to have been trying to sell his home for two years with no takers. But after news broke of his ordeal, interest in purchasing him home — asking price $6.25 million — is up. In case you’re in the market, Trulia has details regarding the property.
