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Celebrity Foreclosures – Nicholas Cage

November 15, 2009 by · Leave a Comment 

Even Academy Award winners are suffering from financial woes this recession. Actor Nicolas Cage lost two homes in New Orleans worth a total of $6.8 million in a foreclosure auction Thursday.

Birmingham, Ala.-based Regions Bank purchased Cage’s 1140 Royal Street property in the French Quarter appraised at $3.5 million for $2.3 million. The bank, which has about 1,900 branches throughout the South, Midwest and Texas, paid $2.2 million for Cage’s 2523 Prytania Street property appraised at $3.3 million in the Garden District.

Read the rest of the story by Hibah Yousuf, CNNMoney.com staff reporter, on Yahoo.com

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Robert Fraijo is considered by many to be the preeminent authority on short sales and lender foreclosures in Southern California. Robert and his team have been working with lenders and sellers in Orange County, Los Angeles, San Diego County, San Bernardino County, and Riverside County for more than 15 years.

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    • Robert Fraijo has successfully negotiated and closed short sale transactions for customers throughout Southern California, including the Los Angeles metro area, Orange County, the Inland Empire, and San Diego and its metropolitan area. Please visit our Case Studies page for a representative sample of the many cities and demographics in which Robert and his team have successfully negotiated short sales for their customers.