It looks like nobody is safe from the foreclosure mess going on across the country. Even the mega-wealthy are facing problems. Case in point: Former Major League Baseball player, Jose Canseco. Despite earning tens of millions during his playing career, Canseco’s home was recently foreclosed on.
Yahoo! Sports is running an article on Canseco and his housing woes.
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…
Obviously, Canseco’s situation is unique and is not indicative of every homeowner who is facing financial trouble and being forced to make higher payments, but it’s a quick reminder that foreclosure can potentially threaten just about every homeowner.
