Nicolas Cage Pyramid Tomb Purchase - Celebrity Foreclosures Hit Hollywood
Apr 19, 2010
A report claims eccentric Hollywood actor Nicolas Cage had a pyramid built in New Orleans so he can be laid to rest there. Let's hope he paid cash so it can't face foreclosure. While the Hollywood actor may have found a place to rest for eternity, he is one of a string of celebrities that face home foreclosures as the economy struggles to recover.
It seems that even Hollywood celebrities are not immune to the troubled state of the economy. For actors, sports starts and singers are struggling to hang on to their homes, according to a real estate website. Zillow.com has compiled a list of stars who have been hit by foreclosures on their homes, which includes actor Nicolas Cage and singer LaToya Jackson.
The latest celebrity to be hit is former heavyweight boxing champion Evander Holyfield. A legal notice that appeared in a local newspaper shows his Fayette County, GA estate is under foreclosure. The 104-room, 54,000 sq ft home worth an estimated $10 million is to be auctioned by a bank on July 1.
Actor Cage lost two homes in New Orleans worth a total of $6.8 million in a foreclosure auction in 2009. The star also lost his Bel Air home, which had previously been owned by Tom Jones and Dean Martin, to foreclosure earlier this year. The actor put the mansion on the market in 2007 for $37 million but lost it to the bank when it failed to sell for $11 million.
LaToya Jackson lost her Las Vegas Condo, at Regency Towers inside the Las Vegas Country Club, in foreclosure in 2009.
Other stars affected, according to Zillow, include TV star Ed MacMahon, singer and rapper Wyclef Jean, American Idol star Fantasia and actor Stephen Baldwin.
(Image: Splash News)
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