15 November, 2009

Nicolas Cage Loses Two Houses to Foreclosure

Nicolas Cage lost two homes in New Orleans' French Quarter to foreclosure.  They were sold for a combined amount of $4.5 million, which is 2/3 of the appraised value.   Nicolas Cage owes about $6 million in taxes and has several other properties up for sale in an attempt to pay that bill.  He has also sued his business manager for not paying the taxes when due and bad investments.  Cage, 45, also has homes in California and Nevada which are facing foreclosure. 
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