Earlier this year, super celebrity Nicolas Cage — who has been battling financial problems after an alleged “spending binge of epic proportions” — lost his 11,817 sq. ft. sprawling mansion in Bel-Air, Calif., to foreclosure.

It subsequently failed to sell at the public auction in April 2010, garnering no interest and zero bids at the $10.4 million price tag. The Academy Award-winning actor reportedly owed $18 million on the property, which he unsuccessfully tried to sell for as much as $35 million before it was repossessed.

Los Angeles Times today reports that the six-bedroom, nine-bathroom estate recently sold for $10.5 million to an undisclosed buyer. Despite his or her anonymity, the article reveals that the new owner has hired a restoration architect to bring the 1940-era Tudor-style home “back to flawless condition.”

Perhaps a future “National Treasure” of which other famous owners/crooners like Dean Martin and Tom Jones would be proud.

For more celebrity foreclosure-related news, as well as to learn more about Cage’s other real estate in distress, click here.

Sometimes you’ve got to take the power back.

The Earl family of Simi Valley, Calif., appears to be trying to do just that after disagreeing with their lender’s decision to evict them after filing foreclosure proceedings earlier this year, according to the Ventura County Star.

So Jim and Danielle — parents of nine children — did what most distressed homeowners would only consider and not really think about carrying through with: They forced their way back into the home after being evicted back in January.

That’s right, 10 months later the family decided to literally break in and fight the foreclosure, which they say was a violation of the law.

Timing more than likely had something to do with it — an investor purchased the home at auction for $697,000, remodeled the space and resold it to a new buyer, who was supposed to move in just days before this all went down.

He or she will now have to wait until the situation is resolved.

The local authorities, who actually witnessed the Earl’s “break in” have referred the case to the local district attorney’s office. It’s unclear at this time if the Earl’s can be arrested for trespassing or if their bold actions are valid because of claims of foreclosure fraud.

Faulty paperwork, just like the kind that has sparked a “foreclosure freeze” among several major lending institutions, is apparently to blame. And so the latest chapter in the foreclosure saga continues to unfold …

Here we go again.

Nadya Suleman — who was branded “Octomom” after she delivered eight babies while on welfare through in vitro fertilization — is on the verge of losing her La Habra, Calif., home to foreclosure.

She has until Oct. 9, 2010, to come up with a $450,000 balloon payment or risk getting evicted along with her 14 total children, according to the New York Daily News.

Radio personality David “Tattoo” Gonzalez, sympathetic to Suleman’s plight, helped her promote a yard sale over the weekend to raise funds, hoping to put a dent in the nearly half-million outstanding balance.

Items for sale included, but were not limited to:

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Add Alexis Bellino and her husband, Jim, to the growing list of cast members from “The Real Housewives” series who can no longer afford to live in their luxury homes.

The Orange County Register reports that the couple was more than $83,000 behind on the mortgage for their “stately” $4.6 million five-bedroom, five-bathroom abode in Newport Beach, California.

But before it could be auctioned off at a foreclosure sale, which was scheduled for Aug. 25, 2010, the Bellino’s came to an agreement with their lender to reduce the principal through a loan modification.

No specific terms of the modified mortgage are available at this time. However, it appears to be a fair deal, if Jim’s comments are any indicator, that is:

“Chase Bank has been great to work with on my modification. The trustee sale has been canceled, and the modification has been agreed upon.”

Alexis and Jim have three children together, all of whom plan to live in the newly loan-modified home “for an extended period of time.”

This of course is not the first time that a couple from “The Real Housewives” has had to face the possibility of losing their homes to foreclosure.

Jeana Keough avoided foreclosure through a loan modification, Tamra Barney was able to unload her upside-down home via a short sale and Teresa Guidice recently filed for bankruptcy.

To read all about these lovely ladies, as well as other celebrity types, and their real estate-related issues click here.

Even the rich and famous are not immune to financial hardship. To check out luxury foreclosures in and around the Los Angeles, Calif., area click here.