Even Celebrities like Nicholas Cage Need Foreclosure Help

Foreclosure Help: The economy has been hard on homeowners across the country and celebrities are no exception.  A new report from FamilyFinancialHelpUSA.com reports that three major stars have struggled with losing one or more of their homes due to the economic downturn.  In some cases the stars were actually evicted after being unable to come up with the necessary funds to pay mortgages, taxes or both.

One of the celebrities hit the hardest was Academy Award winner Nicholas Cage.  Cage lost two homes in New Orleans.  The homes, foreclosed in November 2009, were worth $6.8 million combined.  Regions Banks purchased the houses for $4.5 million.

Erin Moran, Joanie Cunningham in the sitcom Happy Days, was forced to leave her Palmdale, California home this past summer because of a $315,930 debt.

Lisa Wu-Hartwell, one of Bravo’s Real Housewives of Atlanta, filed for foreclosure along with her husband, Edgerton Hartwell, a former linebacker for the Oakland Raiders.  The couple purchased their $2.9 million home in 2009.  Bank of America picked it up for $1.9 million at a foreclosure sale.

How to Get Foreclosure Help

In many cases banks will work with the homeowner or offer some sort of housing assistance while financial issues are resolved. Although it is not an ideal solution, homeowners may also find it necessary to file for bankruptcy. If the issues have not been resolved within a specific time frame, the homeowner may have to look into other type of foreclosure help including emergency financial assistance from family and friends.

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