By MICHAEL CRITTENDEN And RUTH SIMON Despite increasing pressure to take more aggressive steps to keep troubled borrowers in their homes, the Obama administration said Wednesday that it had no immediate plans to alter its foreclosure-prevention program by increasing its reliance on reducing loan balances. The administration’s statement came as attorneys general and banking regulators [...]
Posts on ‘February 7th, 2010’
Nicolas Cage’s Foreclosure Sells Quickly
Actor Nicolas Cage’s foreclosed 14,306-square-foot, Las Vegas home sold the first day it was on the market for $4.95 million. The deal was expected to close this week.Cage purchased the six-bedroom, seven-and-a-half bathroom home in September 2006 for $8.5 million. He owes the Internal Revenue Service nearly $6 million in back taxes, and the IRS [...]
