Celebs and Credit: Jose Canseco Loses Home to Foreclosure

Posted by: Andy B. | May 02,2008

Jose Canseco, former baseball star and former star of the celeb reality show “The Surreal Life” has lost his home to foreclosure. Celebrity Canseco spoke to “Inside Edition” about his home foreclosure, explaining that it didn’t “make sense” to keep making payments on a house that he didn’t own. Huh? The celebrity stated that he voluntarily let his home go into foreclosure and did not clarify where his family had moved.

 

Past Debts Contributed to Jose Canseco’s Home Foreclosure

 

Canseco’s past debts probably contributed to his current financial situation. Before going into home foreclosure, the celebrity spent millions on costly divorces, steroid use and battles with law enforcement. Jose Canseco’s former home, which measured 7300 square feet, was located in Encino, CA.

 

Reduce High Interest Debt to Mitigate Recession Woes

 

Moe and more people are starting to come forward to talk about their recession-related woes. U.S. home foreclosures have doubled since this time last year and experts predict the recession will continue well into the next year and potentially into 2010. If you’re looking for some debt relief, consider a low interest credit card or a balance transfer credit card. These cards can help ease high interest debt with low, life-of-balance interest rates or zero percent introductory interest rates. 

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