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.
Epaper
Stocks
Today's Paper
Weather
Horoscope
