Nicolas Cage Selling Real Estate Empire
Reports are that bad business decisions, he is suing his business manager for 20 million dollars, is forcing the actor to liquidate his housing holding around the world. The IRS has a 6.3 million dollar lien on a couple of his houses and the actor has an auction scheduled for November 12th in New Orleans to sell 2 of his properties including the Haunted LaLaurie Mansion that he bought in 2007.
His holdings have included a pair of apartments on a swanky stretch of New York’s Fifth Avenue, a Bavarian castle in Germany, Dean Martin’s former home in Beverly Hills, Calif., and a townhouse in Bath, England, among others.
But apparent financial troubles have prompted Mr. Cage to try to sell several of his luxury properties during one of the most difficult real-estate markets in years. And in August, the IRS slapped tax liens on Mr. Cage’s two New Orleans properties – including the allegedly haunted LaLaurie Mansion in the French Quarter. Now both estates are to be sold at auction on Nov. 12. via WSJ
Montreal Canada. L`ile bizard. Large private mansion with concrete pool, sauna, nested in woods. with 6 large garages ...
Great points Tom - the flavor of the day solution is only adding to the instability and volatility.
When Washington ...
I see it all too often where owners decide to be investors without understanding that tenants have rights. Its ...
cont from above post.....
please contact me via e-mail if interested in the home listed
above.
jonieckstrom@yahoo.com 
This is a topic currently being debated in our local Real Estate Board here in Toronto Canada. Online, we ...
A property management company should realize that most potential tenants now will have a foreclosure or bankruptcy on their credit....as ...
my boyfriend and i just fell for the scam ourselves, it's sad what they are able to do. I am ...
Now is an excellent time for business people to buy if they have decent credit (I did not say excellent ...
Comment by Tony Sena on 4 November 2009:
Just goes to show no matter how much money you have, you have to manage it wisely.
Comment by Central Oregon Homes on 4 November 2009:
In real state business, bad decisions are avoided as much as possible and timing takes it all. Because in just a snap,the business would go down even if they said that wrong decisions brings good lessons. Profit/Money management is the top most priority.
Comment by ProTitleUSA on 13 December 2009:
ProTitleUSA.com can run a Title Search on any celebrity’s home if you really want to know wnat is going on with anyone.