Jose Canseco foreclosure house in California

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:”

“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: , , ,

Privacy Policy | Terms and Conditions of Service
© Foreclosure.com / ForeclosureFreeSearch, Inc. 1999-2008. All Rights Reserved.

Foreclosures | Foreclosure Listings

Powered by Wordpress and Tarski