A lot has been written about how much Britney affects the economy…paparazzi money for her pictures, record label for her music, what clothes she wears..etc. But here’s a new one. Ed McMahon’s house is in foreclosure and Britney might be partly to blame.
Ed’s house, in the gated community The Summit in Beverly Hills, is really close to Britney Spears’. It’s been on the market for 2 years and hasn’t been sold. Paparazzi, on the day of at least one open house, numbered around 100. If people can’t get to the house, that makes for a really bad open house.
Anywhoooo….Countrywide Financial filed foreclosure documents in LA County back in February. It seems that Ed is behind $644,000 in payments. One of the other reasons given for his lack of payments is that he broke his neck, back in March, and hasn’t been able to do any product endorsements.
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