Celebrity Foreclosure: Canseco's Out at Home

Former baseball star forced to move into smaller home
By Caroline Zimmerman,  Newser User
Posted May 1, 2008 9:09 PM CDT
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)
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(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." (Read more Jose Canseco stories.)