Nicolas Cage Loses Two Homes to Foreclosure

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

updated 11/13/2009 at 07:00 PM EST

originally published 11/13/2009 07:00PM

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.

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