Each time a house goes up for sale, he owes more money!
Nicolas Cage has more to worry about than just the flailing economy when it comes to selling his property in New Orleans. Apparently, ole Nic owes about $6.26 million dollars on the joint in unpaid income taxes.
If you hadn’t guessed, that’s bad and makes the place fairly unsellable. Plus, that’s more than the one house is even worth!
Therefore, the IRS has just put yet another lien on Nic’s property, one he must pay in order to be able to sell the house. Considering that Nic was selling the properties to get himself out of the debt and now he can’t until he pays the taxes, we think Nic is just in a wee bit of trouble!!!!
