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Baseball star walks away from home, mortgage

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By PAUL JACKSON
Published: May 2, 2008

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?

Comments

6 Responses to “Baseball star walks away from home, mortgage”

  1. Apartments LA on May 4th, 2008 2:34 pm

    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.

  2. Canseco heads to foreclosure on May 7th, 2008 12:53 am

    […] 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. […]

  3. Canseco heads to foreclosure on May 7th, 2008 12:53 am

    […] 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. […]

  4. Canseco heads to foreclosure | Real Estate Blog on May 7th, 2008 9:12 pm

    […] 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. […]

  5. Equity Conversion Plan » Canseco heads to foreclosure on May 8th, 2008 11:04 pm

    […] 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. […]

  6. Canseco heads to foreclosure | money blog on May 11th, 2008 8:19 am

    […] 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. […]

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