Nicolas Cage's New Orleans Homes Auctioned Off!

Outrageous spender Nic Cage is losing a piece of his National Treasure!

The actor’s homes in New Orleans’ French Quarter and Garden District will be auctioned off today due to unpaid mortgages.

The foreclosed properties include LaLaurie mansion, a 10,300-square-foot home and the even bigger 13,200-square-foot house complete with a double gallery and formal gardens.

And they are worth a pretty penny!

The houses are valued at $3.5 million and $3.3 million respectively!

Damn, we wonder how the much younger wifey is handling this!

[Image via WENN.]