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 The man made famous first for hitting home runs, partying and steroids is now the most famous victim of foreclosure.  When he played baseball he was known for a powerful physique and swing.  His excess was legendary.  Most recently, he is the man that brought the scandal of steroids to the public eye and to congress.  Roger Clemens would still be an untarnished legend if Jose had kept quiet.  Today, I read this article on the foreclosure of his 7,500 square foot home in Encino.

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.

The irony is that I was in Costco and saw that his new book on baseball scandal’s was just released.  Only if the lender could have waited a little longer…

 


Lenders face fines if they allow foreclosed homes to become run-down
Peter Wolf (Coldwell Banker)
The California State Senate has just taken steps to end neighborhood blight caused by the lack of maintenance on foreclosed property. Banks and mortgage companies will face fines of $1, 000 per day if they allow foreclosed homes to become run-down…
OK everybody, get ready, 1,2,3, suprise
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In a total breakdown of AR security I have taken over Peter’s account (ok, he walked away from the computer for a moment). It’s not that big of a breakdown. The message is being delivered by his partner (who you also see on AR), Geoff…
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WaMu shutting down their wholesale mortgage business.
Peter Wolf (Coldwell Banker)
If you haven’t heard, WaMu is shutting down their wholesale mortgage business and closing their freestanding home loan offices. WaMU, which was one of the largest lenders at one time, suffered heavy losses in the current credit crunch. Let us…
Are You A Secret Agent?
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Symptoms of being a secret agent: - The only number you give the MLS, office and your client’s is your office phone. - You don’t return calls. - No one sees you at the office, ever. - Your office mailbox is overflowing. - Your voice mail…
Where's the picture of the house?
Peter Wolf (Coldwell Banker)
The other day I was searching for houses for a client. I pulled 15 properties off the MLS and started to go through them. Five out of the fifteen properties had absolutely no pictures. This isn’t a new phenomenon. I have seen it with high and…
Home Buying Tips
Peter Wolf (Coldwell Banker)
Buying your home can be one of the most exciting and one of the most stressful times of your life. We've compiled a few suggestions to help guide you along the path, and sometimes through the forest, of home ownership. The days of making…
It’s Not All About Price
Peter Wolf (Coldwell Banker)
Like a heartbeat, markets have a pulse. At times they are going up and at times they are going down. We have talked to many buyers who are trying to figure out the pulse of the current housing market. Their primary goal is to buy at the bottom of…
 

Peter Wolf

Valley Village, CA

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Coldwell Banker

Office Phone: (818) 574-7403

Cell Phone: (818) 574-7403

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