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Showing posts with label Nicolas Cage. Show all posts
Showing posts with label Nicolas Cage. Show all posts

Saturday, January 22, 2011

Rich, famous, and in foreclosure

How does Nicolas Cage get behind on his mortgage payments? The same way other rich and famous people do.

"They've stretched themselves higher than they probably should have," says John Anderson, owner of Twin Oaks Realty in Minneapolis and a National Association of Realtors expert in foreclosures. Some couldn't keep up when the rates on their adjustable rate mortgages shot up, Anderson says. Price drops at the high end of the market were so steep that a sale wouldn't cover the debt. In other words, high-end homeowners face the same problems that plague the not-so-rich-and-famous.

Here are five of the biggest names on the of list homeowners falling to foreclosure. We've included a bit of info about the current markets where these stars once lived. You know, in case you'd like to hunt for a foreclosure deal in one of those tony neighborhoods.

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Nicolas Cage

The star: He's an Academy Award-winning actor (for "Leaving Las Vegas"), nephew of multiple-Oscar-winning filmmaker Francis Ford Coppola and the former son-in-law of Elvis.

The house: Make that "houses." In November 2009, Cage lost two New Orleans homes -- one in the French Quarter, the other in the Garden District -- worth a combined $6.8 million, according to a CNNMoney.com report. Cage was behind $5.5 million in mortgage payments and he owed $151,730 in property taxes to the city of New Orleans. Regions Banks paid $4.5 million for the properties.

The market: One in 720 homes in Orleans Parish had foreclosure filings in November 2010, according to RealtyTrac. The average foreclosure sales price in the city was close to $110,000.

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Erin Moran

The star: She's best known as Richie Cunningham's freckle-faced little sister Joanie on the 1970s sitcom "Happy Days" and co-star of the spinoff "Joanie Loves Chachi."

The house: Los Angeles County court records posted on the entertainment website TMZ.com show that Moran, also known by her married name Erin Fleishmann, owed $315,930 on the Palmdale, Calif., home. The Bank of New York Mellon Trust Company bought the house at auction for $291,150 in July 2010. According to TMZ, Moran stayed in the home after losing it to the bank and had to be evicted.

The market: Palmdale, just north of Los Angeles, posted foreclosure filings in November 2010 on one in 80 housing units. The average foreclosure sales price was around $154,000.

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Lisa Wu-Hartwell

The star: Viewers of Bravo's "Real Housewives of Atlanta," may remember Wu-Hartwell from the first season as one of the network's touted "six fabulous women from Atlanta's social elite." Hubby Edgerton Hartwell, the former Oakland Raiders linebacker, made frequent appearances.

The house: According to court records posted on TMZ.com, the couple borrowed $2.9 million to buy their suburban mansion in June 2007. Just more than two years later, Bank of America paid $1.9 million for the house at a foreclosure sale at the Forsyth County, Ga., courthouse, after the Hartwells defaulted on their adjustable-rate mortgage from the bank.

The market: RealtyTrac reports there were foreclosure filings on one in 248 housing units in Forsyth County in November 2010. The average foreclosure sales price was around $210,000.

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Lenny Dykstra

The star: Nicknamed "Nails," the former Major League Baseball pro was an outfielder for the Mets and the Phillies during the late 1980s and early 1990s. After filing for Chapter 11 bankruptcy in 2009, Dykstra, in a move many found ironic, started an online financial advisory firm in 2010 called Nails Investments.

The house: Dykstra bought the 6.5-acre property in Thousand Oaks, Calif., from hockey pro Wayne Gretzky for $18.5 million in 2007, according to the Los Angeles Times. He lost the house in a Ventura County foreclosure sale in November 2010 to a winning bid of $760,712, the newspaper reported. Dykstra owed about $12 million to JPMorgan Chase.

The market: One in 201 homes in Ventura County received a foreclosure filing in November 2010, according to RealtyTrac. The average foreclosure sales price was in the neighborhood of $382,000.

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Veronica Hearst

The star: The name is Hearst's claim to fame. She's the widow of newspaper heir Randolph Hearst and stepmother of Patricia Hearst, who was kidnapped by left-wing guerrillas in 1974.

The house: Located Manalapan, Fla., near Palm Beach, the Villa Venezia was originally built for the great-grandson of railroad tycoon Cornelius Vanderbilt. According to The Palm Beach Post, the 52-room, 28,000-square-foot mansion sold to New Stream Capital for $22 million at a Palm Beach County auction in February 2008.

The market: One in 211 housing units in Palm Beach County received a foreclosure filing in November 2010, reports RealtyTrac. The average foreclosure sales price was about $137,000.

Tuesday, August 24, 2010

'Piranha 3D' and the Movies So Bad They're Good


Photo: Everett Collection

Making a good movie is hard. Making a lousy movie is pretty easy. But making a movie so transcendently awful that viewers watch it with the same rapt awe as watching a train wreck is exceedingly difficult, akin to catching lightning in a bottle.

This week's "Piranha 3D" seemed to aim at that exalted breed of film but it fell short of the mark: The movie is actually good, filled with all sorts of gross-out moments and genuine scares. And maybe that's its problem. If it were worse -- and I mean a lot worse -- "Piranha" might not have done better at the box office (it earned a paltry $10 million) but, five years from now, it might have conventions thrown in its honor.

Here are some of our favorite awesomely awful flicks:

Photo: Everett Collection

PLAN 9 FROM OUTER SPACE (1956)
The Orson Welles of awesomely bad filmmaking is indisputably Ed Wood and this flick is his "Citizen Kane." To criticize the staggering incompetence of "Plan 9 From Outer Space" is like ridiculing a child's drawing for not understanding perspective. Sure, the film features gasoline soaked paper plates posing as UFOs, ghouls terrorizing housewives in cardboard cemeteries, and talk of a bomb that makes sunlight explode, but Wood's vision is so earnest and pure that the "Plan 9" seems strangely wholesome. And it's no more frightening than your average episode of "Mister Roger's Neighborhood."

Photo: Everett Collection

TROLL 2 (1990)
By pretty much any measure, this film has to be ranked as one of the worst films ever made. Describing the mind-bogglingly idiotic plot might very well induce a migraine, but it includes oozing chlorophyll, militantly vegetarian goblins, and some of the worst line readings in history. It was even the subject of a documentary called "Best Worst Movie." The one thing the movie lacks: a single troll.

Photo: Everett Collection

SHOWGIRLS (1995)
"Showgirls" was advertised as a racy erotic thriller, proudly wearing its "NC-17" rating on its bedazzled sleeve. But instead of "Basic Instinct" -- director Paul Verhoeven and screenwriter Joe Eszterhas's previous collaboration -- audiences got something much weirder and sleazier. What do you make of a scene where the two main characters bond over their shared childhood love of dog food? Or that bizarre swimming pool love scene with Kyle MacLachlan? "Showgirls" is filled unhinged moments like these. And they didn't happen on accident. Though star Elizabeth Berkeley delivers a go-for-broke, completely exposed --- in all senses of the term -- performance, you can almost hear Paul Verhoeven snickering in the background.

Photo: Everett Collection

THE ROOM (2004)
To describe Tommy Wiseau's staggeringly awful opus is no easy feat. Even people who have seen the flick multiple times aren't really sure what the story is about except that it centers on a guy who mumbles a lot, his harpy of a girlfriend, and a whole lot of subplots that go nowhere. Yet "The Room" has developed a "Rocky Horror Picture Show" like cult following in Los Angeles. Every month, the movie's many mavens line up around the block to shout at the screen and reenact some of the flick's best lines. Rumor has it that Wiseau is planning a sequel.

Photo: Everett Collection

THE WICKER MAN (2006)
The 1973 original, which was hailed as a classic of British horror, has an ending that still shocks. The 2006 remake is also riveting but for all the wrong reasons, combining Neil LaBute's trademark misogyny taken reductio ad absurdum with some of the most preposterously hammy acting of Nicolas Cage's career. And that's saying something. The film's high (or low) point comes when Cage, dressed in a bear suit, cold-cocks a young maiden. Yes, you read that right.

Friday, July 30, 2010

Cage took drugs with cat

Actor Nicolas Cage once took hallucinogenic magic mushrooms with his cat after the feline mistakenly ate a handful.Skip related content

The Oscar-winner had stashed a bag of the psychedelic fungi in his fridge and was shocked when his pet Lewis pulled the door open and munched on the mushrooms.

So Cage decided to join in - and he and Lewis then spent hours staring at each other in his bedroom.

He tells chat show host David Letterman, "I had a bag of mushrooms in my refrigerator. My cat used to sneak into the refrigerator and eat them. The cat ate them voraciously, so I thought what the heck, I better do it with him.

"I remember lying on my bed for hours and Lewis was on the desk across my bed and we just stared at each other for hours - not moving, just staring at each other, and I had no doubt that he was my brother.

"But having said that I don't do that anymore. And you know what, later in life when I was completely not doing any of that, I know he said 'Hi' to me."