Baseball star walks away from home, mortgage
By: PAUL JACKSON
May 2, 2008 5:43 AM CST
Jose Canseco, the mercurial baseball star now turned steroid gossip king, has had his house foreclosed on after deciding to walk away from the home. Via the Associated Press:
Canseco told the syndicated TV show “Inside Edition” that he walked away from his $2.5 million, 7,300-square foot home in suburban Encino because it didn’t make sense to continue making payments …
“What about other families that we’re hearing on TV, that they’re saying, `We have nowhere else to go,’” he said. “I mean, that is amazing. I’ve got books (he’s put out two expose-type books on drug use in baseball), we’re now trying to produce the movie to both.
“Like I said, my situation was a little more different than most. I decided to just let it (the house) go, but in most cases and most families, they have nowhere else to go.”
Looks like this walking away thing is hitting at least some of the upper end market. Interesting, no?
Print This Article
-
May 4th, 2008 2:34 pm by Apartments LA
That is hysterical that Jose had his house foreclosed on. He speaks some truth by outing all those MLB players and the rampant steroid use, but overall he’s just a publicity hound.
-
May 7th, 2008 12:53 am by Canseco heads to foreclosure
[...] may want to subscribe to my RSS feed. Thanks for visiting!He may be “Vindicated” but Jose Canseco is letting his Encino, California mansion go in to foreclosure as the housing market has tanked. He doesn’t see any point in making the payments any more. [...]
-
May 7th, 2008 12:53 am by Canseco heads to foreclosure
[...] may want to subscribe to my RSS feed. Thanks for visiting!He may be “Vindicated” but Jose Canseco is letting his Encino, California mansion go in to foreclosure as the housing market has tanked. He doesn’t see any point in making the payments any more. [...]
-
May 7th, 2008 9:12 pm by Canseco heads to foreclosure | Real Estate Blog
[...] may be “Vindicated” but Jose Canseco is letting his Encino, California mansion go in to foreclosure as the housing market has tanked. He doesn’t see any point in making the payments any more. [...]
-
May 8th, 2008 11:04 pm by Equity Conversion Plan » Canseco heads to foreclosure
[...] may be “Vindicated” but Jose Canseco is letting his Encino, California mansion go in to foreclosure as the housing market has tanked. He doesn’t see any point in making the payments any more. [...]
-
May 11th, 2008 8:19 am by Canseco heads to foreclosure | money blog
[...] may be “Vindicated” but Jose Canseco is letting his Encino, California mansion go in to foreclosure as the housing market has tanked. He doesn’t see any point in making the payments any more. [...]
-
May 14th, 2008 12:20 am by Canseco heads to foreclosure | Bond 4 Title
[...] may be “Vindicated” but Jose Canseco is letting his Encino, California mansion go in to foreclosure as the housing market has tanked. He doesn’t see any point in making the payments any more. [...]
Get your HW Fix
Join nearly 10,000 bold subscribers who already get our daily email delivered to their inbox -- it's free, and a great way to ensure you don't miss something.
Events
2009 Dec 09 -- 2009 Dec 10
RMBS: Assessing Value and Risk
This two-day course in New York City will equip market participants with the knowledge and skills to evaluate prime, Alt-A and subprime RMBS portfolios in order to assess their value and understand inherent risks. For more information, visit www.fitchratings.com.
2010 Jan 13 -- 2010 Jan 14
2010 Collection Technology Summit
The Collection Technology Summit is the first industry event to focus solely on collections and its associated technologies and continues to draw top executives from the nation's most prominent institutions. The Collection Technology Summit, where innovation happens. For more information, visit www.collectiontechnology.net
Got something to say?
Remarks by first-time commenters will not appear immediately, and must be approved before they will appear. All comments are subject to HousingWire's usage policy.