She claims the title of the home was never transferred, and this prevents her from selling the home. Cage also served her with papers to leave the house within 60 days in September of 2009, as well as receiving a foreclosure notice.

Cage and Fulton met with judges on June 14 and reached an agreement. The terms are being kept private.

Nicolas Cage Settles 2 Year Old Lawsuit.

It is being said that Cage owes $320,000 for 2006 alone. Cage says that the blame should be placed on his former business manager who did a poor job of keeping up with his finances.

Nobody knows why Cage choose the pyramid shape tomb for his final resting place. Although there are speculation it is because of his classical movie, “National Treasure.” He might want to be buried with the constitution.

This is comes after he was recently ordered to pay the East West Bank more than 2 million dollars. Then he also had sold two of his historic New Orleans homes in a foreclosure auction. All of this happen because Cage being in financial woes.

Nobody knows how much his 9-foot pyramid tomb cost or understand why he intends to use it for his final resting place.

The mansion did not sale. There was not one bid on the steps of the courthouse in Pamona, CA. The home goes back to the lender who will try to rid of the house, which one realtor described as ‘frat-house bordello,’ in the coming months. It features a 35-seat home theater, nine bathrooms, an Olympic pool, and 11,817 square feet of living space. The home was once owned by singer Dean Martin as well as Tom Jones.

Cage is slowly loosing his housing. Last November he lost another house, foreclosed on, that sold at auction for $2.3 million. A second house, also located in New Orleans, foreclosed on, sold at auction for $2.2 million. Cage, who has made a name for himself in movies, also an Oscar winner, seems to be hitting a financial ruin. It is reported he owes a whopping $14 million to the IRS. Still, Forbes has reported that Cage made $40 million last year. He has two new movies opening this year with another two in production.

The home was described as a “frat house bordello” by a real estate agent. Cage had previously attempted to sell the home before for $35M. The opening bid at the auction was nearly $11M but bidding closed in under two minutes after not a single offer was made on the actor’s home. The home features six bedrooms and nine bathrooms in addition to many other lavish amenities. Cage had purchased the home from Tom Jones.

In October 2009 the famed actor had sued his former manager Samuel Levin. Cage accused the man of mishandling his finances while Levin claims that Cage is a big spender. This is not the first time the big screen great has faced foreclosure. At least three other properties in Las Vegas and Malibu were seized. Only the Las Vegas property sold at auction fetching $5. The Malibu properties were relinquished to their lenders.

Cage is the nephew of director Francis Ford Coppola and the star of ‘Ghost Rider’.

Blaming poor financial management by former business manager Samuel Levin, A-list actor Nicolas Cage has pledged to pay $14 million in back taxes and penalties to the IRS. The government recently slapped Cage with a tax lien of nearly $6.3 million on his real estate holdings as a means of collecting on a bill from 2002-2004. A $6.7 million lien has been filed against him for the 2008 tax year.

Cage claims Levin mismanaged his finances including investing in shaky real estate ventures, over charging him for services, and failing to pay the actor’s taxes, all leading to the financial mess he now finds himself in. He filed a $20 million suit against Levin in October 2009. Levin has denied the allegations claiming through his lawyer that he warned Cage about his “compulsive, self-destructive spending.” A counter suit was filed by Levin’s attorney last November.

In an exclusive statement with People Magazine, Cage asserted he was getting his financial house in order and would pay all back taxes. Referring to his severed relationship with Levin, Cage said, “However, I am under new business management and am happy to say that I am current for 2009. All taxes will be paid including any to-be-determined state taxes.”

Cage Pledges to Pay Back Taxes, Blames Former Manager for Mes

Cage’s tax problem has been well known to the general public. Last August, the IRS made public their demand letter to Cage which requested $6.2 million for unpaid taxes from 2007.

TMZ reports that the current outstanding balance relates largely to unpaid taxes from 2002 and 2004. Cage also has reportedly defaulted on a tax related $2 million loan in October.

The actor seems committed to repaying his debt saying that he has paid over $70 million in taxes over the course of his career an that he will bring all outstanding balances current. Cage claims that his tax issue is due to financial mismanagement by his former business manager, Samuel Levin. Cage is currently in a legal battle with his former manager.

Nicolas Cage is well known for being one of Hollywood’s highest grossing actors for his roles in blockbusters such as the “National Treasure” films, “Con Air,” “The Rock,” and “Face Off.”

Nicolas Cage Still Owes $14-Million To IRS

Apparently Nicolas Cage and a current business partner had plans to sell his ex-wife’s house. His former wife Cristina Fulton was reportedly going to call a press conference in order to discuss with the press how unfair the process of selling her home would be to her. She also planned to discuss some of the allegedly evil things Cage has done to her in the past.

Nicholas Cage and his business partner threatened a counter suit if Ms. Fulton went forward with the press conference. The fact of the matter appears to be that after being faced with this reality Ms. Fulton called off her lawsuit. Cage has had marital problems in the past; He was briefly married to Lisa Marie Presley.

He also has been feuding with Ms. Fulton for years off and on. Cage also has run into trouble with the Internal Revenue Service as of last and may have been trying to sell that home in order to pay off some of his alleged tax debt. Nicholas Cage was fairly candid in a recent interview by saying that film led him down the right path in life.

Nicholas Cage's Legal Issues Continue, Actor Being Sued By Former Ex

According to reports his ex is suing him for for $13M.

Christina Fulton says the actor dragged her down with him and has forced her into a $1.2-million debt.

Fulton claims fraud and breach of contract in her complaint.

“This lawsuit is ridiculous and absurd. Nicolas Cage has given her approximately three million every year for many years, even though he was only obligated to pay her six thousand a month in child support. We expect this lawsuit to be promptly thrown out,” his lawyer tells PEOPLE.

In 1988, Cage began dating Christina Fulton, mother of their son, Weston Coppola Cage, but they never married.

Cage owes more than $6.3M in back taxes and he defaulted on a $2M dollar loan after his former financial adviser allegedly scammed him out of millions.

Cage has appeared in over 60 films including Face/Off (1997), Ghost Rider (2007), and National Treasure (2004). Cage has married three times, once to Patricia Arquette, then to Lisa Marie Presley, and most recently to his current wife Alice Kim Cage.

Nicolas Cage Sued By Ex

Cage’s former business manager is firing back at accusations claiming he drove the star to financial ruin. Samuel Levin has filed a countersuit against the Leaving Las Vegas actor, accusing Cage of squandering his own fortune.

Initially cage stated that his financial woes were Levin’s fault.

Levin claims by the time he was hired in 2001, “Coppola [Cage] had already squandered tens of millions.”

Moreover, he owed millions in taxes “with no funds available to pay them.”

In his countersuit, Samuel Levin, CPA, says when he was hired he warned Nic Cage he needed to earn $30 million a year just to maintain his lavish lifestyle.

In 2007 alone, Cage bought three homes totaling $33 million-plus, 22 cars (including 9 Rolls Royces), 12 pieces of expensive jewelry and 47 pieces of art.

Last week the 45-year-old actor lost two of his New Orleans homes due to foreclosure auction.

Nicolas Cage Being Sued By Former Business Manager