On the web site TMZ was an article this morning about Nicolas Cages properties in Malibu being foreclosed on and Active Rain is quoted! Sort of like Newsday or the New York Times. The writer or author is not quoted just the newspaper.
The minimum bid, according to Active Rain, is $11,004,189. Cage owes more than $17 mil on the property, which he bought for around $6.5 million in 1998.
Read more: http://www.tmz.com/2010/04/07/nic-cage-home-foreclosure-bel-air-bankruptcy-debt/#ixzz0kW65CHrZ
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