Did He Walk or Did He Run?
Baseball’s Jose Canseco is making the news again, this time for the fact that his $2.5 million Encino, Calif. house has been foreclosed on.
But some of the remarks made by the former American League MVP, who once earned $6 million at the height of his career, has more than a few people wondering whether he might have done an intentional walk. Like millions of homeowners, he apparently realized he owed more on his mortgage than his house was worth.
Did he decide to just walk away? Speaking to the television show “Inside Edition,” Canseco said it didn’t make financial sense for him to keep paying on a home “that was basically owned by someone else.” He said he realized he’s in a better position than most when it comes to facing foreclosure. Then, he added:
Like I said, my situation was a little more different than most. I decided to just let it [the house] go, but in most cases and most families, they have nowhere else to go.”