Canseco loses mansion to foreclosure

LOS ANGELES - Former baseball player Jose Canseco said Thursday he had lost his California mansion to foreclosure.

Canseco, 43, 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.

...

Canseco said the foreclosure was not a difficult issue emotionally. But he sympathized with the millions of other Americans who have already lost, or face losing their homes, because of soaring interest rates on sub-prime loans.

“I decided to just let it go, but in most cases and most families, they have nowhere else to go,” he said.

http://nbcsports.msnbc.com/id/24412106/

but I just can't.
Sawwry.

is effecting everyone, even the very wealthy.

You don't have to feel sorry for him. :-)

Poor money management affected him.