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The Famous, Foreclosed
Nicholas Cage
Nov. 12, 2009: Two New Orleans homes belonging to A-lister Nicholas Cage were bought by Regions Bank at a foreclosure auction for a total of $4.5 million, $2.3 million less than the homes' appraised value. The Bad Lieutenant: Port of Call New Orleans star owes the IRS around $6 million in back taxes and has filed a lawsuit against former business manager Samuel Levin, whose bad practices, the suit alleges, caused Cage to plummet into financial despair.
Nov. 12, 2009: Two New Orleans homes belonging to A-lister Nicholas Cage were bought by Regions Bank at a foreclosure auction for a total of $4.5 million, $2.3 million less than the homes' appraised value. The Bad Lieutenant: Port of Call New Orleans star owes the IRS around $6 million in back taxes and has filed a lawsuit against former business manager Samuel Levin, whose bad practices, the suit alleges, caused Cage to plummet into financial despair.
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