
Nicolas Cage, who is
wallowing in self-imposed debt, lost two of his New Orleans homes to foreclosure last week. That's right, because homes in New Orleans must be like potato chips -- who can stop at just one?
Cage, 45 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 Thursday.
The houses went for $4.5 million - about two-thirds the appraised value - to Cage's lender, Regions bank, the lone bidder. Movers were seen clearing Cage's belongings on Friday. (Source)
Ahhh. If there's one thing that's even more inspiring to me than a good old fashioned "rags to riches," story it's a good old fashioned "riches to rags" story. I heard once that every time Nicolas Cage loses a house, an angel gets its wings. True story.