When I was growing up in the late ’80s Jose Canseco was revered for being one of the Oakland A’s powerful baseball sluggers along with Mark McGwire and Walt Weiss. These days he’s more famous for selling out. He’s been on VH1’s The Surreal Life and published a book about steroid use in baseball. Despite seeming to be willing to do anything for a buck, he’s still had money problems.

In early May, he lost his 7,300-square-foot Encino, Calif., home to foreclosure. He attributed some of his financial woes to several divorces that cost him $7 million to $8 million a piece. At the time of the foreclosure he owed the bank more than $2.5 million on the home.

A Reuters story quoted him as saying: “I do have a judgment on my home and it to me is very strange because it didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else,” he said. Isn’t that true of all mortgages?

You have to wonder if the steroids didn’t somehow have a lasting effect on him…

June 6, 2008