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Nicolas Cage's foreclosed house nets zero at auction
walletpop ^ | 4/9/10 | Ron Dicker

Posted on 04/09/2010 8:37:22 PM PDT by Pining_4_TX

Nicolas Cage bid adieu to another mansion Wednesday -- after no one bid for it in a foreclosure auction. His Bel-Air, Calif., Tudor estate went on the block starting at $10.4 million, a measly sum given that the "National Treasure" star had asked for $35 million when he put it on the market, the Los Angeles Times said. But the complex attracted only a minute of silence on the steps of a courthouse in Pomona, Calif.. Not that anyone expected it would be gone in 60 seconds. One Realtor described its decor to the Times as "frat-house bordello." And back to the lender it goes.

(Excerpt) Read more at walletpop.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: bloggersandpersonal; celebrities; debt; economy; foreclosure; foreclosures; hollywood
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1 posted on 04/09/2010 8:37:23 PM PDT by Pining_4_TX
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To: Pining_4_TX

It’s the spending, stupid.

Wonder how the Hollywood celebrities feel about their man in the White House now? Cage is not the only one having money woes.


2 posted on 04/09/2010 8:38:15 PM PDT by Pining_4_TX
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To: Pining_4_TX

The bidders must’ve seen Wicker Man.


3 posted on 04/09/2010 8:38:26 PM PDT by Darkwolf377 (Conservative Bostonian, atheist pro-lifer, mocker of those who haven't a clue)
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To: Pining_4_TX

Whoever buys that needs to redecorate it sounds like unless they plan to turn it into a Planned Parenthood Playteen Playhouse.


4 posted on 04/09/2010 8:39:02 PM PDT by GeronL (There is only a "Happily ever after" for you if you're the one writing your own script)
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To: Pining_4_TX

He’s already spent all the proceeds from finding the National Treasure?


5 posted on 04/09/2010 8:40:22 PM PDT by DannyTN
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To: Pining_4_TX

Very few forclosures ever sell at auction, they go back to the lender who has to sell them at a loss.


6 posted on 04/09/2010 8:40:26 PM PDT by dalereed
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To: Pining_4_TX

“One Realtor described its decor to the Times as “frat-house bordello.”

Nice! Me like!


7 posted on 04/09/2010 8:40:32 PM PDT by Attention Surplus Disorder (Voters who thought their ship came in with 0bama are on their own Titanic.)
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To: Pining_4_TX

Taxed Enough Already there Nicky boy?


8 posted on 04/09/2010 8:41:53 PM PDT by WSGilcrest ( The momentary value of any argument lies in the capacity of the mind to which it is addressed.)
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To: DannyTN

“He’s already spent all the proceeds from finding the National Treasure?”

Not talking about Obama, talking about Nicolas Cage.


9 posted on 04/09/2010 8:43:32 PM PDT by Beowulf9
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To: Pining_4_TX

I actually saw it 2 weeks ago here in L.A. A buddy of mine had some docs to drop off to his hotshot in Bel Air/Brentwood area and we actually drove past by it. He said “would u believe Nic Cage was selling this monstrosity?” It’s awesome to look from outside.


10 posted on 04/09/2010 8:44:32 PM PDT by max americana
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To: Darkwolf377

haha, I thought I was the only one out there that remembers that awful movie


11 posted on 04/09/2010 8:45:41 PM PDT by PurVirgo (Smeg!)
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To: Pining_4_TX

“Tudor estate went on the block starting at $10.4 million”

You can buy a vote in congress for less than that.


12 posted on 04/09/2010 8:47:04 PM PDT by quantim (Victory is not relative, it is absolute.)
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To: Pining_4_TX

13 posted on 04/09/2010 8:47:13 PM PDT by martin_fierro (< |:)~)
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To: Pining_4_TX

Were they Bringing out the Dead?


14 posted on 04/09/2010 8:47:43 PM PDT by racing fan
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To: Pining_4_TX

You think Obummer would have stayed the forclosure for Nick. Poor nick must have not give the Max donation for the Messiah.


15 posted on 04/09/2010 8:48:15 PM PDT by ncfool (The new USSA - United Socialst States of AmeriKa. Welcome to Obummers world.)
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To: dalereed

I know the house he bought. Asking 35 million for it is patently insane. That house in a strong market might fetch 15-16 million. It could cost up to one million just to fix the interior


16 posted on 04/09/2010 8:49:58 PM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: Pining_4_TX
Cage, an Oscar winner and accused tax evader who will never be confused with Donald Trump in real estate, lost two New Orleans homes to foreclosure in November. But at least those sold at auction -- one for $2.3 million and another for $2.2 million.

Hollyweird is alive and well.

17 posted on 04/09/2010 8:50:42 PM PDT by FourPeas (God Bless America)
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To: PurVirgo

House comes with bee keeping equipment. :P “AHHH! NOT THE BEES!”


18 posted on 04/09/2010 8:51:22 PM PDT by Darkwolf377 (Conservative Bostonian, atheist pro-lifer, mocker of those who haven't a clue)
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To: Pining_4_TX

I checked on his politics. No surprise here, he’s only donated to RATS. He also spent like a RAT, with no concern for staying within his means.


19 posted on 04/09/2010 8:52:09 PM PDT by Nateman (If liberals aren't screaming you're doing it wrong.)
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To: Pining_4_TX
"Cage is not the only one having money woes."

Who else? Please do tell.

20 posted on 04/09/2010 8:52:38 PM PDT by Earthdweller (Harvard won the election again...so what's the problem.......?)
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