Jose Canseco Admits Home Foreclosure

by Deidre Woollard (RSS feed)
May 2nd 2008 at 7:02PM

Add another sports figure to the ranks of the celebrity foreclosed. Baseball player and controversial author Jose Canseco has walked away from his $2.5 million home in Encino, an area of Los Angeles. Canseco has said in an interview that it didn't make financial sense to keep paying the mortgage on a home that was "basically owned by someone else." Canseco cited his multiple divorces as another factor in his financial woes. It sounds like Canseco isn't facing the dire financial situation that some other people (Latrell Sprewell for example) have faced but merely opted out. His nonchalance seems a bit cavalier at a time when people are really agonizing over their homes but it seems in the interview that he is keenly aware that his situation is different from others who are struggling.

Gallery: Celebrity Foreclosures

Jeana Keough from the Real Housewives of Orange County

Tags: baseball, foreclosure, jose canseco, JoseCanseco

Filed under: Estates, Celebrity Shopping

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Anderson May 4th 2008 6:31AM

I heard the radio says He is BROKE. he already lose a house which is worth $2.5 million and he also owed the bank more than 2 million plus owed two ex-wives $8 million each. That is really bad. But for me, I am more interested in the book that is in Jose Canseco's hand: http://dealstudio.com/searchdeals.php?deal_id=100702&ru=279 , Jose Canseco to me deserves to be in the Hall of Fame. He SAVED baseball, Selig wouldn't have done sh*t to stop unless Canseco called him out.