‹ Foreclosure Tips 2008: Learn Foreclosure Investing •
Former professional baseball superstar Joe Canseco just didn’t have the “Juice†or the desire to hang on to his 7,300-square foot mansion in Encino, Calif., according to Yahoo!News.com.
In fact, he simply walked away from the $2.5 million home because it “didn’t make sense†to continue paying the mortgage. Unsurprisingly, the lender has issued foreclosure proceedings to reclaim its asset.
Here’s a snip from the former “Bash Brother:â€
“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…. 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.”
Canseco — the 1998 American League Most Valuable Player (MVP) and six-time All Star — reveals that divorces have also cost him millions.
He essentially retired from the sport in 2002 despite some unsuccessful attempts to return since that time.
However, in 2005, Canseco penned a controversial autobiography dubbed, “Juiced: Wild Times, Rampant ‘Roids, Smash Hits & How Baseball Got Big,†which was a scandalous glimpse into his own steroid abuse, as well as (allegedly) his peers … and much more.
It was a best seller. And there’s recent news that he’s signed on to write a sequel.
Cha-ching.
Tags: jose canseco foreclosure, jose canseco home, jose canseco house, jose canseco mansion





No comments
Comments feed for this article
Trackback link
http://blog.foreclosure.com/2008/05/jose-canseco-foreclosure-house-in-california/trackback/