Nicholas Cage has lost two of his homes to foreclosures, according to a report from CNN.
Cage, 45, saw the historic New Orleans homes purchased at foreclosure auction.
The multi-million dollar homes, which are located in the French Quarter and Garden District of New Orleans, went back to the original lender, Regions Bank.
Cage’s 10,300 sq-foot property at 1140 Royal Street went for $2.3 million, while the 13,200 sq-foot home at 2523 Prytania Street sold for $2.2 million.
The collective $4.5 million is only two-thirds of the value of the two properties as determined by a Birmingham, Alabama appraiser hired to assess their worth.
The “Con Air” star might be one of the highest paid actors in Hollywood but he is currently facing major financial problems, owing $6.3 million in back taxes, after allegedly being ripped off millions of dollars by his longtime business manager, Samuel J. Levin.
Cage has appeared in over 60 films including Face/Off (1997), Ghost Rider (2007), and National Treasure (2004).
Nicholas Cage has lost two of his homes to foreclosures, according to a report from The Times-Picayune.
I don’t know how people can abuse the trust of s person. Poor Nicolas, he is one of the best actors and now he is facing a dificult situation. I hope everything is going to be ok, and I hope Samuel will pay him each cent he stole from Nicolas. Good luck.
I love Nicholas movies but financial responsibilities are his especially when has been blessed with so much. Fortunately for him it is not too late to take his life by the reigns and make something positive out of this unfortunate situation.
I love the actor. But who doesn’t open their own mail. Bank statements and other financal documents. I know where all my monies is.
Nicolas Cage, like many Americans doesn’t know when to stop spending. Now we are a Nation drowning in foreclosures and repossessions It must be bad when even Nicolas Cage’s National Treasure is Gone in 60 Seconds.