I know of two homes that are being auctioned off in New Orleans. These two homes once belonged to the famous actor Nicolas Cage.
Though due to financial difficulties on top of high mortgage payments, actor Nicolas Cage has lost two of his homes. The mortgage alone that Cage had owed on these homes was more than five million dollars.... Can you imagine having mortgage payments like that to deal with?
These two homes are worth almost seven million dollars. Now those must be some truely beautiful homes.
Its really shocking to hear of such news. No one ever stops to think that someone as famous as Cage could possibly have money problems even in a recession when times are hard for most people.
This just goes to show that even if your famous it doesnt mean that you wont also have financial problems or know how to perfectly handle your money.
Cage's Homes