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Sierra Bancorp Reports 2009 Earnings (PR Newswire via Yahoo! Finance)

Sierra Bancorp , parent of Bank of the Sierra, today announced its financial results for the quarter and the year ended December 31, 2009. Â Net income for the fourth quarter of 2009 was $3.5 million, and diluted earnings per share were $0.30. Â In comparison, the Company recorded a net loss in the fourth quarter of 2008 due in large part to a relatively high loan loss provision necessitated by …

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Nicolas Cage’s foreclosed Las Vegas home sells for $4.95 million (Las Vegas Sun)

Actor Nicolas Cage’s financial troubles have become someone else’s gain. A Las Vegas real estate company reported today that it sold Cage’s foreclosed, bank-owned home for about $3.5 million less than what the star bought it for in 2006.

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Commercial real estate is a hot market, for court-appointed caretakers (Los Angeles Times)

As the sluggish economy deprives building owners of their property, receivers are in high demand. Bill Hoffman has logged more than 1.5 million airline miles in his travels to troubled hotels, office buildings and other business properties.

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$30M to ease housing crisis in Nashville area (The Tennessean)

As foreclosure rates continue to rise in Nashville, $30.5 million in new federal stimulus money will go to shore up affordable housing options in areas where foreclosures threaten to undercut property values.

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$30M to ease housing crisis in Nashville area (The Tennessean)

As foreclosure rates continue to rise in Nashville, $30.5 million in new federal stimulus money will go to shore up affordable housing options in areas where foreclosures threaten to undercut property values.

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