Friday, June 13, 2008

More Mortgage Blues


Even celebrities and politicians are not immune from the mortgage blues.

Ed McMahon, the longtime sidekick to television star Johnny Carson, faces the possible loss of his Beverly Hills home to a foreclosure action initiated by a unit of Countrywide Financial Corp.

U.S. Rep. Laura Richardson, a California Democrat, recently lost a home in Sacramento to a foreclosure. Not only has Richardson missed house payments, but she is behind on her property taxes, a lien was placed on her Sacramento house because of an unpaid utility bill, and she angered her neighbors by not keeping up her home.



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