No Buyers at Foreclosure Auction of Nicolas Cage’s 12,000 Square Foot Bel Air Home
Actor Nicolas Cage has been in the news lately for money problems. His Bel Air, California, mansion a 11,817-square-foot six bedroom, nine bath home went to foreclosure auction, but nobody bid except the lienholder. The minimum bid was $10.4 million for a house Cage tried to sell for $35 million. Even at the “bargain” price of $10.4, there were no takers. The lender purchased the home at with a credit bid and is the new owner.