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Friday, 9 April 2010

Actor Nicolas Cage loses L.A. mansion to lender

Financial trouble has been running with a great pace in Nicolas Cage's life. Finally Oscar winner Nicolas Cage has lost one of his personal treasures. He has lost 11,817 square-foot (0.27 acre) mansion in the upscale Los Angeles neighborhood of Bel-Air failed to get any bids at its $10.4 million asking price this week, and ownership reverted to a foreclosing lender. Cage originally tried to sell the property for $35 million.

Cage, the star of the "National Treasure" action franchise, filed a $20 million lawsuit in October against his former business manager, accusing him of harming his personal finances.

Cage a year ago sold his castle in Germany and told a magazine in that country that tough economic times forced him to make the sale.

Cage won an Oscar for his role as an alcoholic with a death wish in the 1995 drama "Leaving Las Vegas." The actor has also starred in "Ghost Rider," "World Trade Center" and "Adaptation."

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