Foreclosure Epidemic? Even the Rich and Famous

Do you think the foreclosure problem is bad here in Reno?  Well, you’re not alone.  Even Nicholas Cage lost his home to foreclosure,

Do you think the bank made out? Perhaps but no one was willing to pay the amount the bank thought they “deserved”.  Perhaps they didn’t deserve as much as they thought.  Maybe the bank is taking on the role of a speculator.  Oh horrors.

Perhaps Nicholas Cage has tastes that the market doesn’t seem to want.

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About rereno

Real estate investor
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