From the l.A. Times: L.A. Land Real Estate Blog
by Peter Viles
You can’t make this stuff up: “Former U.S. baseball star Jose Canseco (pictured) said on Thursday he had lost his California mansion to foreclosure — one of the first celebrities to publicly admit being a statistic in the U.S. housing crisis.”
In comments to the TV show “Inside Edition,” Conseco says, “… it didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else.”
More, from the AP: “Canseco, 43, one of the most flamboyant U.S. baseball players until his retirement from the major leagues in 2001, told the celebrity TV show ‘Inside Edition’ that it did not make financial sense to keep his 7,300 square-foot home in the Los Angeles suburb of Encino. ‘Inside Edition’ said it had foreclosure documents showing Canseco owed a bank more than $2.5 million on the house.
