Nicolas Cage Loses Two Homes to Foreclosure

11/13/2009 at 07:00 PM EST

Nicolas Cage Loses Two Homes to Foreclosure
Nicolas Cage
John Spellman/Retna
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.

See what other readers have to say about this story – or leave a comment of your own

Your Reaction

Follow Us

On Newsstands Now

Kim's Delivery Room Drama!
  • Kim's Delivery Room Drama!
  • Katie: A Year After Split
  • Princess Kate: Palace's Baby Plan Revealed

Pick up your copy on newsstands

Click here for instant access to the Digital Magazine

Advertisement

Latest Photos

From Our Partners

Watch It

Editors' Picks

From Our Partners