Extreme Makeover Foreclosures
Another one bites the dust from the Extreme Makeover TV Show featuring Ty Pennington. The Wilford family of Encinitas California are now facing foreclosure.
At least four other families featured on the show have been forced to sell their homes as they couldn’t afford it in the first place. The idea of the show is great but the reality of home ownership is a tough cookie to swallow.
Ving Rhames is gonna get medieval on Uncle Sam
Ving Rhames is wanted by the IRS according to TMZ. Rhames reportedly owes more than 490k to the IRS for unpaid taxes in 2007. The documents were obtained by TMZ from the L.A. County Superior Court.
Rhames is no stranger to the spotlight and big money. He has been in tons of movies including Mission Impossible, Pulp Fiction, Con Air, and Dawn of the Dead. I don’t know what Uncle Sam is thinking but I sure would’t piss off the big fella.
Cage Countersued By Business Manager
Nicholas Cage might have been broke after all. According to TMZ.com, Cage already spent millions of dollars and owed millions in taxes before he even hired Samuel Levin as his business manager. A week ago, Cage saw two of his homes in New Orleans get sold in an auction since Nick was broke.
Levin, Cage’s business manager that he is suing, claims that Cage bought homes in the millions and ridiculously expensive cars and jewelry back in 2007. This is all part of Samuel Levin’s countersuit. Levin also wants over 120k that Cage owes him.
I’m sure the firing back and forth will continue. Cage is losing most of his possessions as we speak.
Nicolas Cage Loses Two Mansions in Auction
Nicolas Cage saw two of his many homes go on the auction block today. Both homes are his investment properties in New Orleans. They are estimated to be near $3 million dollars and Cage can’t pay for either of them.
Regions Bank which is the bank that Nicolas was being foreclosed by bought the homes at the auction. One home is located in the French Quarter and the other in the Garden District. Regions paid $2.2 million for the Garden District home located at 2523 Prytania Street. The French Quarter home located on Royal Street was bought for $2.3 million. Both homes were over 10,000 square feet big.
Since Cage is broke, I’m sure this is the first auction we’ll see from the famous actor who loved to spend of the fruits of life. Next up might just be that castle he owns in Germany.
Nicolas Cage’s Castle is For Sale
Ever wanted to own your own castle? Well, there is one mammoth of a castle in Etzelwang, Germany that is for sale by no other than Nicolas Cage. Cage has become broke since he owes the IRS 6 million dollars from unpaid mortgage debt. All this debt was accumulated by his schemy business manager making risky investments while the actor had no idea.
| The castle bought in 2006 for $2.3 million is back on the real estate market. It is known as the Neidstein Castle of Etzelwang and it has nearly 400 acres of land. The castle also has 10 bedrooms and 5 bathrooms. The getaway sits on top of a hill looking down on 395 acres of forest and beautiful fields. It is the perfect spot for a king which is what Cage thought he was at the time. |  |
Nicolas Cage is already going to lose investment homes he has in New Orleans. Those are going on the auction block November 12th. The selling of this castle and another one of his homes in Hollywood should help repay the unsettling millions that he owes to the IRS.
