Hollywood Liberal elites are quick to tell us how we should live and how rotten America is while living the life of luxury. And, like most liberals, regardless of how much they earn they always spend more. Well, in the latest Hollywood elitist to live beyond his means, Nicholas Cage’s home has been taken into foreclosure. Citibank has now taken ownership of Nicholas Cage’s home. I certainly don’t feel sorry for him.
Debt-ridden movie star Nicolas Cage lost his Bel Air mansion to foreclosure on Wednesday. The courthouse auction was a flop, as no one was willing to make the minimum $10.4 million bid. Stephen Shapiro, realtor and owner of Westside Estate Agency, said this clears out speculators and most lenders with stakes in the property, leaving Citibank as the sole owner.
Cage owes $11 million to Citibank, the current owner of the mansion. Shapiro said he’s had the house on the market for nearly a year and is trying to get approximately $11.5 million.
______________
