NOLA.com has the latest local scoop:
“Regions Bank paid $2.3 million for Cage’s 10,300-square-foot property at 1140 Royal St. known as the LaLaurie mansion. Regions also paid $2.2 million for Cage’s 13,200-square-foot mansion at 2523 Prytania St. Regions Bank had foreclosed on the properties for unpaid mortgage debts.”
Cage — who has been among the top earning “A-List” actors in Hollywood for years — has attributed his recent financial troubles on “an incompetent business manager.”
The Academy Award winner reportedly owes the Internal Revenue Service (IRS) more than $6 million in unpaid taxes.
For more on Cage, including his recent brush with foreclosure and vast real estate portfolio, click here. Remember to also check out our comprehensive “Celebrity Foreclosure” archive right here.
Foreclosures have hit everywhere. From the most distressed areas to the extreme wealthy communities. Now is the time to buy!