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Bank Strikes Out Jose Canseco's House

5/2/2008 10:20 AM PDT BY TMZ STAFF

Retired baseball star Jose Canseco's 7,300 square foot $2.5 million Encino, California mansion has been foreclosed on. Maybe he should get a place with Latrell Sprewell.

In an interview this week, Canseco blamed his financial woes on a couple of divorces and the fact that after taxes, he was really only living on $17 or $18 million.

The slugger did admit that his financial situation is different than most Americans and that he felt sympathy for other families going through foreclosures -- with even fewer millions than he has.




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34 COMMENTS

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1.

Lenn K.    

People like Jose just don't get it. Pay your bills and stop living beyond your means!

2272 days ago
2.

Funkarella    

Just because he got famous doesn't mean that he forgets his responsibility! Bills still have to be paid regardless. Maybe go back to school to learn the basics eh?

2272 days ago
3.

river rat    

Totally agree, Lenn K. I have absolutely no sympathy for this man at all.

2272 days ago
4.

Lillianne    

More bad news for Jose. He doesn't qualify for the economic stimulus rebate.

2272 days ago
5.

jackschitt    

If you're living on 17 or 18 million a year, wouldn't you use your pocket change to pay off your 2.5 million dollar house? Have you ever looked in this guy's eyes? There is no one home (pardon the pun). He's so dumb, he probably can't even spell 'loser'.

2272 days ago
6.

Im just sayin'...    

Dude - I have a doublewide mobile home for sale in Newnan GA that I can let go of for $118,000. Call me.

2272 days ago
7.

Black Teef    

I just don't get it...what in god's name do these morons do with all the damn money? C'MON!

2272 days ago
8.

jackschitt    

Sorry, I meant living on 17 or 18 million dollars. At any rate, anyone in their right mind would pay off their house (for security purposes or prepare for rough times) , then take the ex-wives back to court, claim to have less money and get the alimony reduced. Duh!

2272 days ago
9.

Standards are badly needed.    

Who knows about his 'financial woes.' Maybe he walked, with the bank holding most of the property. Who lets go of a property they want with that much money in the bank? Or maybe he's flat broke, with far less left, but wants to keep the ladies coming.

2272 days ago
10.

anonoymous    

Too bad he lost everything but dude, but it's a blessing because that house is one of the FUGLIEST things around. If you're wife picked it out, good things she's gone too because she's probably as tacky as that house looks.
She obviously has no gay friends...gays to let breeders buy ugly houses.

2272 days ago
11.

JessBcuz    

Looks to me like he spent a lot of money on hair grease.

2272 days ago
12.

Liz    

Maybe he tried to sell it and couldn't beacause it is so ugly...............so, he told the bank they could have it!!!


Seriously, I agree with Lenn K.! When you start coming into money, pay off the house first! It is called security!

2272 days ago
13.

Standards are badly needed.    

Actually, people with money like to let the bank hold most of the mortgage, and let other people pay it off. If you can't afford the mortgage on a house like this, you certainly can't afford the taxes or the upkeep. This is not middle suburbian thinking. This is no accident, IMHO. Believe you me, Canseco is not out on the street without a roof over his head.

2272 days ago
14.

Toomuch    

Boo hoo hoo!!!!

2272 days ago
15.

Daniel    

Me and my friends see him gambling all the time at Hollywod Park Casino...this guy blew everything in the casino what a loser

2272 days ago
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