Bank forecloses on New Orleans haunted houses owned by celebrity Nicholas Cage
In celebrity real estate news actor Nicholas Cage has made big headlines for going broke and needing to sell his homes around the world. It seems, however, that he was unable to sell two properties in particular in the city of New Orleans, Louisiana and both foreclosed on Nov. 13, 2009. Why? Because local residents claim the houses are haunted and no one wanted to buy them.
It is believed that Cage bought the homes specifically due to their spooky past. Apparently he thought it was a good idea at the time or else he would not have done it.
Cage claims a poor financial advisor directed him to buy the property selections he did, but most people would not follow advice on buying a home that they would always feel uneasy setting foot in due to claims of haunting.
However, as now evidenced by the current market value, buying stigmatized properties is seldom a good idea is you ever plan to resell for profit.
According to a variety of celebrity news sources, Cage previously bought another New Orleans property in the Garden District from noted horror writer Anne Rice.
CNN also reports that Cage owes more than $6 million in back taxes. His properties in California and Las Vegas, although not reported to be haunted, “have also been foreclosed on and are designated for auction later this month.”