Celebrity foreclosure: Jose Canseco loses Encino home

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You can’t make this stuff up: Former major league baseball player Jose Canseco, pictured, ‘said on Thursday he had lost his California mansion to foreclosure -- one of the first celebrities to publicly admit being a statistic in the U.S. housing crisis,’ the Associated Press said.

In comments to the TV show ‘Inside Edition,’ Canseco says, ‘It didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else.’

More from the Associated Press: ‘Canseco, 43, one of the most flamboyant U.S. baseball players until his retirement from the major leagues in 2001, told the celebrity TV show ‘Inside Edition’ that it did not make financial sense to keep his 7,300-square-foot home in the Los Angeles suburb of Encino. ‘Inside Edition’ said it had foreclosure documents showing Canseco owed a bank more than $2.5 million on the house.

Sports headline: Jose walks.

More to come on this item. But don’t hold back on your thoughts and comments. Something tells me this item is a setup in search of a punch line. Go for it.
Photo Credit: Getty Images
Hat Tip: Seattle Snoop