Nicolas Cage loses two homes to foreclosure

Cage's woes refuse to end as the debt-ridden actor lost two New Orleans homes worth $6.8 million.

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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