Nicolas Cage Owes Millions to Nevada Bank for Foreclosed Property, Says Report

NEW YORK (CBS) A recently filed judgment against Oscar Award-winning actor Nicolas Cage claims that he owes over $2.5 million for a foreclosed property in Nevada, according to court documents obtained by RadarOnline.com.

The documents were filed Wednesday in Los Angeles and name the actor as the owner of a property which went into foreclosure and was sold in January for $3.5 million less than Cage paid for it in 2006, according to the papers obtained by RadarOnline.com.

The District Court in Clark County, Nevada says Cage is responsible for $2,300,145.24 for defaulting on a loan from the Nevada State Bank, as well as delinquent taxes the bank had to pay 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, RadarOnline.com reported.

The total of the judgment is a whopping $2,511,605.74.

And he better whip the checkbook out quickly because there is also interest charged on the judgment at 5.5% until it is paid off.