Awww, frowny face. Tragedy has struck in Hollywood. Nicolas Cage has lost another of his fabulous homes to a foreclosing lender.
The opening bid for the actor’s 12,000-square-foot home was $10.4 million, but there are $18 million worth of loans on the property.
The Tudor mansion boasts six bedrooms, a central tower, home theater and an Olympic-sized pool. The house reverted to the foreclosing lender at Wednesday’s auction in Pomona.
Even though he’s one of Hollywood’s highest-paid stars, Cage has money troubles. He owes millions in unpaid taxes and in January his foreclosed home in Las Vegas sold for nearly $5 million.
How very devastating. Why do bad things always happen to weird people who drop millions of dollars on dinosaur skulls? It really is a shame though. Dude had to wear A LOT of silly wigs to be able to afford those homes. (LA Times)