Nicolas Cage loses two homes to foreclosure

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Posted: Sunday, Nov 15, 2009 at 1437 hrs IST
Updated: Sunday, Nov 15, 2009 at 1437 hrs IST

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Los Angles: Hollywood star Nicolas Cage's woes refuse to end as the debt-ridden actor lost two New Orleans homes worth $6.8 million in foreclosure auction.

45-year-old Cage, 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 on Thursday, People magazine online reported.

The houses went for $4.5 million, about two-thirds the appraised value, to Cage's lender, Regions bank, the lone bidder.

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.

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Nicolas Cage loses two homes to foreclosure

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