Actor Nicolas Cage has been ordered by the District Court in Clark County, Nevada to pay $2,511,605.74 to Nevada State Bank in costs relating to his foreclosed property in Nevada, RadarOnline.com has learned exclusively.
READ THE JUDGMENT
In documents filed Wednesday in Los Angeles Superior Court, Cage has been ordered to pay a whopping $2,300,145.24 on a loan that he defaulted on in The Silver State.
The Oscar winning actor is also responsible for the fees Nevada Bank paid in delinquent taxes 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.
The judgment against Cage and his various trusts was entered in Nevada on September 8, 2010.
And the actor better think about paying back that money as fast as he can – Cage will incur a rate of 5.5% on the judgment until it’s paid off!
In January 2010, the foreclosed Nevada home once owned by Cage sold for about $3.5 less than what the actor paid for it in 2006.
Cage’s Las Vegas home went into foreclosure in December 2009 following the announcement that the 46-year-old star owed the IRS more than $6.6 million in back taxes dating back to 2002.