EXCLUSIVE: Nicolas Cage Owes Nevada Bank Over $2.5 Million
Posted on Oct 20, 2010 @ 04:30PM
Actor Nicolas Cage has been ordered by the District Court in Clark County, Nevada to pay $2,511,605.74 to Nevada State Bank in costs relating to his foreclosed property in Nevada, RadarOnline.com has learned exclusively.
In documents filed Wednesday in Los Angeles Superior Court, Cage has been ordered to pay a whopping $2,300,145.24 on a loan that he defaulted on in The Silver State.
The Oscar winning actor is also responsible for the fees Nevada Bank paid in delinquent taxes at foreclosure of his property in the amount of $106,811.49, foreclosure costs of $35,213.90 as well as $24,722.72 for attorney's fees, and another of $9,915.22 in legal costs.
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The judgment against Cage and his various trusts was entered in Nevada on September 8, 2010.
And the actor better think about paying back that money as fast as he can - Cage will incur a rate of 5.5% on the judgment until it's paid off!
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In January 2010, the foreclosed Nevada home once owned by Cage sold for about $3.5 less than what the actor paid for it in 2006.
Cage’s Las Vegas home went into foreclosure in December 2009 following the announcement that the 46-year-old star owed the IRS more than $6.6 million in back taxes dating back to 2002.
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The Daily Juice
I actually like nick cage, but boy these hollywood people just are so stupid when they get money thrown at them.
I bet he wishes like all of hollywood stars, that he went to school and paid a bit more attention right about now.
Posted Thu, 10/21/2010 - 12:32am
sounds like bs to me. they have the house and any payments he already made. Call it even. 24 million in lawyer fees? 35 million in "fees"? give me a break!
Posted Wed, 10/20/2010 - 9:46pm
@pooky
$24,722.72
Twenty four THOUSAND in attorney fees
Posted Wed, 10/20/2010 - 10:01pm