Foreclosure

Nicolas Cage Loses Two Homes

Nicolas Cage has lost a lot of his national treasure in the past two weeks, and two New Orleans homes are the latest casualties of his financial collapse. The 45-year-old actor’s two historic French Quarter houses were purchased in a foreclosure auction on Thursday for $4.5 million. The sum, two-thirds of the real estate’s appraised value, went to Cage’s lender, Regions Bank, the only bidder in the auction. On Friday, movers were reportedly seen clearing out the Leaving Las Vegas star’s belongings. Coincidentally, Cage’s next film Bad Lieutenant: Port of Call New Orleans comes out this month as he continues to sell off homes in Los Angeles, Las Vegas and Rhode Island in order to pay off the $6 million he owes in federal taxes. Neither the actor’s representative or Regions Bank returned People’s calls for comment.