Nicolas Cage foreclosure house in Bel-Air, California, now featured on Foreclosure.com

Well that was fast!

Just two week’s after Nicolas Cage’s 11,817 sq. ft, six bedroom/nine bathroom home in Bel-Air, Calif., failed to sell at public auction, Foreclosure.com already has it featured in its nationwide database of more than 1.8 million distressed real estate listings.

To view the foreclosed home of Nicolas Cage, as well as photos of the million-dollar mansion, on Foreclosure.com click here.

It’s currently on the market for a cool $12.75 million. However, the mansion, which legendary crooners Dean Martin and Tom Jones once called home, was on the market for as much as $35 million not too long ago.

For more background on Cage’s financial meltdown and other run-ins with foreclosure click here.

‘Lipstick’ building in New York City faces possible foreclosure

Madoff, Madoff, Madoff!

The former building in which infamous Ponzi-schemer Bernard Madoff bilked countless high-profile investors out of approximately $65 billion over two decades is “inching” toward foreclosure, according to the NY Post.

The tower at 885 Third Avenue in New York, N.Y., which resembles a tube of lipstick, “has fallen on hard times” and the bank that holds the note on the skyscraper is shopping its $210 million mortgage.

Renters, and a lack of tenants, including Madoff — who started serving a 150-year bit in federal prison in 2009 — appears to be the reason behind the building’s financial distress.

Howard Michaels of the Carlton Group explains what went wrong:

“It was an ingenious finance structure at the time, which was predicated on a significant growth in rent, which due to Madoff and market factors did not occur.”

Madoff and his crooked operation reportedly took up three floors of the building — all told 40,000 sq. ft. — at $49 per sq. ft.

(That’s $1.96 million in case you don’t want to do the math.)

Wrigley Field rooftops foreclosure

Not even a month into the 2010 Major League Baseball season and there is trouble afoot in the skies above Wrigley Field in Chicago, Ill., which is perhaps the most historic ballpark in the sport.

Lakeview Baseball Club — located at 3633 N. Sheffield Ave. — has been hit with foreclosure, defaulting on a $2.7 million loan, according to ChicagoBreakingBusiness.com.

The club is located just across the street from where the Chicago Cubs have played their home games since 1916. In fact, it’s in the heart of “Wrigleyville,” offering fans unique rooftop views into the stadium for a fraction of the cost to sit inside.

Indeed, owners of these buildings actually sell rooftop seats; however, they must now share a percentage of their earnings with the organization after a legal dispute was settled a few years ago.

Lakeview is well known for the sign “Eamus Catuli!,” which translates loosely from Latin to “Let’s Go Cubs!,” hanging from the top of the building.

The good news (for Cubs fans, anyway) is that it will continue to remain open until the foreclosure action is resolved; however, the owners of the club were replaced with a judge-appointed receiver to ensure that the funds are distributed properly.

Nicolas Cage house in Bel-Air falls into foreclosure

It appears that the foreclosure woes of Academy Award-winning actor, Nicolas Cage, just won’t go away.

The star of monster box office-smashing films such as “Leaving Las Vegas,” “Adaptation,” “The Rock” and “National Treasure,” among others,  recently lost his 11,817 sq. ft, six bedroom/nine bathroom home in Bel-Air, Calif., to his lender after it failed to sell at a public foreclosure auction.

Apparently, according to the Los Angeles Times, no one in attendance was interested in even playing with the $10.4 million starting big (Cage has previously had it for sale on the market for as much as $35 million).

Real estate agent Bret Parsons shares some insight into the reasons for the possible disinterest:

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