Bankruptcy

Real Estate News, at the High End...

By J. Michael McBride

"The housing-market crunch isn't just hitting small-time buyers on Main Street - Hollywood stars are also feeling the pain,
Buyers in the $3 million to $6 million range are getting crushed as part of a property downturn across Los Angeles, and the list of losses includes some famous names.

...
Ed McMahon has finally found something that doesn't make him laugh. He was forced to put his 7,000-square-foot Beverly Hills home on the market for $5.7 million. That's after shelling out $7.7 million for it two years ago."

Here is a link to the entire article:
http://www.nypost.com/seven/02072008/realestate/life_after_ledger_118140.htm

Michael

Full post as published by Texas Lawyer Blog on February 12, 2008 (boomark / email).