Former baseball star Jose Canseco has Calif. home foreclosed

[ashleel]

http://news.yahoo.com/s/ap/20080502/ap_on_sp_ba_ne/bbo_canseco_foreclosure;_ylt=AkVyKdzacoBzL7GO4hkZKXqs0NUE

Thu May 1, 10:46 PM ET

LOS ANGELES – Jose Canseco, the former AL MVP who made millions during his baseball career, has had his home foreclosed
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.

“I do have a judgment on my home and it to me is very strange because it didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else,” he said in an interview that aired Thursday.

“You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, `OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.”

He added that a couple of divorces cost him $7 million or $8 million.

Canseco said his top earnings year was $6 million and that his financial situation obviously is different than most people who are losing their homes.

“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.”

Calls by The Associated Press to Canseco and to his attorney, Greg Emerson, were not immediately returned.

[patientlywaiting]

I’ve been to Encino many times. That house looks overpriced. So Canseco did the right thing to let it go. Good for him.

For someone with his name, he doesn’t really need a FICO score. So why not exercise his option to walk? That’s the smart thing to do.

As far as his divorces are concerned, that’s what you get for marrying bimbos. You date them, but don’t marry them.

[patientlywaiting]

I’ve been to Encino many times. That house looks overpriced. So Canseco did the right thing to let it go. Good for him.

For someone with his name, he doesn’t really need a FICO score. So why not exercise his option to walk? That’s the smart thing to do.

As far as his divorces are concerned, that’s what you get for marrying bimbos. You date them, but don’t marry them.

[patientlywaiting]

I’ve been to Encino many times. That house looks overpriced. So Canseco did the right thing to let it go. Good for him.

For someone with his name, he doesn’t really need a FICO score. So why not exercise his option to walk? That’s the smart thing to do.

As far as his divorces are concerned, that’s what you get for marrying bimbos. You date them, but don’t marry them.

[patientlywaiting]

I’ve been to Encino many times. That house looks overpriced. So Canseco did the right thing to let it go. Good for him.

For someone with his name, he doesn’t really need a FICO score. So why not exercise his option to walk? That’s the smart thing to do.

As far as his divorces are concerned, that’s what you get for marrying bimbos. You date them, but don’t marry them.

[patientlywaiting]

I’ve been to Encino many times. That house looks overpriced. So Canseco did the right thing to let it go. Good for him.

For someone with his name, he doesn’t really need a FICO score. So why not exercise his option to walk? That’s the smart thing to do.

As far as his divorces are concerned, that’s what you get for marrying bimbos. You date them, but don’t marry them.

[The OC Scam]

Sounds like they aren’t bimbos if they he the idiot to marry them??? It’s called distract them with the carrot…or carrots

[The OC Scam]

Sounds like they aren’t bimbos if they he the idiot to marry them??? It’s called distract them with the carrot…or carrots

[The OC Scam]

Sounds like they aren’t bimbos if they he the idiot to marry them??? It’s called distract them with the carrot…or carrots

[The OC Scam]

Sounds like they aren’t bimbos if they he the idiot to marry them??? It’s called distract them with the carrot…or carrots

[The OC Scam]

Sounds like they aren’t bimbos if they he the idiot to marry them??? It’s called distract them with the carrot…or carrots

[Anonymous]

“You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, `OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.”

Complicated issue my a$$. My advice to Canseco would be, “Dude! Manage your money!!” Oh cry me a river. His little scenario is pitiful. Suppose he does make $35 mill and he gets $17, $18 million after taxes. How is that not enough?!

It’s not how much you make, it’s what you do with it. Like the Bible says, “A fool and his money are easily parted”.

[Anonymous]

“You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, `OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.”

Complicated issue my a$$. My advice to Canseco would be, “Dude! Manage your money!!” Oh cry me a river. His little scenario is pitiful. Suppose he does make $35 mill and he gets $17, $18 million after taxes. How is that not enough?!

It’s not how much you make, it’s what you do with it. Like the Bible says, “A fool and his money are easily parted”.

[Anonymous]

“You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, `OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.”

Complicated issue my a$$. My advice to Canseco would be, “Dude! Manage your money!!” Oh cry me a river. His little scenario is pitiful. Suppose he does make $35 mill and he gets $17, $18 million after taxes. How is that not enough?!

It’s not how much you make, it’s what you do with it. Like the Bible says, “A fool and his money are easily parted”.

[Anonymous]

“You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, `OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.”

Complicated issue my a$$. My advice to Canseco would be, “Dude! Manage your money!!” Oh cry me a river. His little scenario is pitiful. Suppose he does make $35 mill and he gets $17, $18 million after taxes. How is that not enough?!

It’s not how much you make, it’s what you do with it. Like the Bible says, “A fool and his money are easily parted”.

[Author]

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