DESPERATE TIMES: NICOLAS CAGE SELLS PROPERTIES AT A LOSS
Photo: thetruthaboutmortgage.com
It would appear that even Academy Award winners were hit hard by the global financial crisis. Notably, actor Nicolas Cage reportedly offloaded two of his homes in New Orleans in foreclosure auctions at a loss of $2.3 million.
Cage's 1140 Royal Street property in the French Quarter on New Orleans had been appraised at $3.5 million, and his second property at 2523 Pataniya Street in the Garden District appraised at $3.3 million, with both sold in late 2009 for $2.3 million and $2.2 million respectively. The properties were purchased by the Alabama based Regions Bank.
Shortly after, Cage’s 3,480-square-foot house on Mulholland Highway in Los Angeles’ Hollywood Hills was sold for $1.3 million. Cage’s property trust, Hancock Park Real Estate Trust, is believed to have purchased the property in 2005 for $1.8 million.
The actor, who's known for his roles in Leaving Las Vegas and National Treasure, has 5 projects slated for 2010, according to the Internet Movie Database.
In other celebrity news:
Robbie Williams:-
A NT town is abuzz with news that British pop icon, Robbie Williams, is set to be their newest resident. The property is believed to be located near Daly Water, which is some 600km south of Darwin, in the Northern Territory.
According to various Australian newspapers, Williams and his partner, US actress Ayda Field, had been on the search for a property when visiting Australia in 2009.
"I'm thinking of coming down there. I have been looking for places out in the Outback, maybe a farm," Williams said at the time.
Williams already has a home in LA and an apartment in London.
Gisele Bundchen:-
Reportedly finally closing the deal on the sale of her New York City townhouse, Gisele Bundchen is believed to have sold her property for $12.95 million.
Mike Love:-
Beach Boys lead singer Mike Love and his wife, Jacquelyne, have put their renovated three-bedroom apartment at 300 East 93rd Street on the market for $2.35 million.
