Nicolas Cage Loses Two Homes to Foreclosure
The financially strapped star is forced to sell his historic New Orleans houses for $4.5 million
Nicolas Cage’s next film may take place in New Orleans, but the debt-plagued actor can now no longer claim to be a resident of the Big Easy.
Cage, 45 who filed a lawsuit blaming his financial collapse on his longtime business partner, had his two historic French Quarter homes purchased in a foreclosure auction Thursday.
The houses went for $4.5 million – about two-thirds the appraised value – to Cage’s lender, Regions bank, the lone bidder. Movers were seen clearing Cage’s belongings on Friday.
Cage, whose next film Bad Lieutenant: Port of Call New Orleans comes out this month, has been selling off homes in Los Angeles, Las Vegas and Rhode Island to pay off a $6 million federal tax lien.
Neither Cage’s rep nor Regions Bank returned calls for comment.