Donald Trump has even decided to jump into the real estate bank foreclosure market. Donald Trump will be soon be Ed McMahon's Landlord. Trump has agreed to buy Ed McMahon's house for an undisclosed price and rent the house back to him.

The Beverly Hills mansion boasts six-bedrooms, five-bathrooms and had been on the market for about two years. At one point, it was listed at more than $7 million but dropped in increments, winding up this weekend at $4.6 million. McMahon purchased the house in 1990 for $2.6 million, according to public records.

Trump said he stepped in because helping McMahon "would be an honor."  According to an exclusive interview with the Times, Trump said "I don't know the man, but I grew up watching him on TV."

McMahon, 85, was about to lose his to his lender within two weeks on his Beverly Hills home of 18 years. The aging television icon, who was Johnny Carson's sidekick for three decades, defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp. He said in interviews that he was unable to work because of a neck injury that occurred about 18 months ago.

Now come on when you see  Donald Trump  jumping  into the bank foreclosure market, you know it's time to jump in. Trump has said on numerous occasions that "Now is the time to buy, when everyone in the country is selling."  If you're not going to listen to one of the most successful real estate entrepeneurs in the world, you going to listen to?

To search Bank Foreclosed Homes In Michigan visit my website and tune in for the latest in market updates in the Metro Detroit real estate market by reading my Metro Detroit Real Estate blog.

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