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December 3, 2008 1:44:34 AM CST

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Celebrity Foreclosure: Canseco's Out at Home

Posted May 1, 08 9:09 PM CDT in Gossip 

(Newser) – It can happen to the rich and famous, too: Jose Canseco's mansion is in foreclosure, and he's had to move into more modest digs, Inside Edition reports. Canseco owed more than $2.5 million on the California property his neighbors called the "hotel." He made $30 million in baseball and wrote two best-sellers, but it wasn't enough to save him from becoming a high-profile statistic of the housing collapse.

"Go through a couple of divorces, $7 or $8 million cash," Canseco said. "I've taken care of my family for 20-something odd years—that gets expensive when you've got a whole group of people relying on you for income."

Source Inside Edition

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Former major league baseball player Jose Canseco exits the Grand Hyatt Hotel in New York in this Dec. 13, 2007 file photo. C   (Associated Press)
Former baseball player Jose Canseco's book called "Vindicated" on display at Kepler's Bookstore in Menlo Park, Calif., Tuesday, April 1, 2008.   (Associated Press)
Former baseball player Jose Canseco's book called "Vindicated" is shown on display at Kepler's Bookstore in Menlo Park, Calif., Tuesday, April 1, 2008.   (Associated Press)
Former major league baseball player Jose Canseco exits the Grand Hyatt Hotel, Thursday, Dec. 13, 2007, in New York.   (Associated Press)
Jose Canseco appears at a hearing by the House Government Affairs Committee looking into the use of steroids among major league baseball players.   (KRT Photos)
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subprime crisis • foreclosure • mortgage • debt • Washington Mutual • mortgage defaults • mortgage lender • mortgage debt • Jose Canseco • mortgage loans


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