Nicholas Cage Could Have Been in a Better Situation
Academy Award winner actor Nicolas cage has been the talk of the town lately, not because of his any forthcoming movie but his property’s foreclosures in the recent past. Nicolas cage has acted in several popular movies like ‘Adaptation’, ‘The Rock’, ‘National Treasure’ and ‘Leaving Las Vegas’. The actor had built several properties of worth over millions scattered all over the world. But the huge number of properties owned by the actor is now reducing gradually.
Nicolas Cage purchased a home in Las Vegas in 2006 for a huge sum of $8.5 million. It was a palatial structure built across fourteen thousand square foot having 16 car garages, seven bedrooms, a home theatre, an elevator and each window gives a beautiful view of the city of Las Vegas. This home also has a spa in addition to a big private pool and at the same time ensures privacy as it is situated in a gated community. This home that once belonged to Nicolas Cage is now owned by bank due to foreclosure. In the month of July of year 2008, Cage listed this home for $9.95 million but later discounted it at $9.49 million. When the property was foreclosed, the price was discounted even more to the then prevailing Las Vegas property prices and was finally sold for $4,950,000.
After that, Nicolas’ various homes in New Orleans were also foreclosed and were sold to the bank for about $4.5 million. His property in Rhode Island is soon to be sold with an asking price of $12 million quoted by him.
Recently, Cage also lost his property in California to the lender because it failed at a public foreclosure. This property was spread across 11,817 square feet having six bedrooms and nine bathrooms. The public foreclosure auction for this property was apparently lacked enthusiasts to purchase the property. Cage had initially asked a price of $35 million but no one in the auction attendance was ready to pay even $10.4 million for the property. Though it was a beautiful and superb home at a preferable location, zero takers for it came as a shock to everybody.
Nicolas Cage’s financial woes are many. He has been through property foreclosures for his homes in Las Vegas, Los Angeles, California, Nevada and New Orleans. Cage clarifies that his financial troubles are shooting up due to ‘n incompetent business manager’.
Nicholas could have been out of all this mess and chaos by hiring our services for short sales of luxury homes, avoiding foreclosures and losing his properties to the lenders. We believe in making our customers well informed about the various issues related to foreclosures of luxury homes and help them in taking informed decisions after weighing all the pros and cons.
We offer expert advice and help for your properties sale and avoiding foreclosures that originates from our real estate knowledge. We also offer privacy for all the deals without any public exposure. This way your information is confidentially kept safe with us. Professional and confidential proceedings are what we guarantee to our customers.
Category : Avoiding Luxury Foreclosures &Bell Air &Celebrities &Headlines