Canseco, Burress Homes Headed Towards Foreclosure
Two high profile professional athletes find themselves facing foreclosure on their homes. In one case, after almost two years of bouncing around the foreclosure process, the Los Angeles property of a former major leaguer is going on the auction block once again. For the other, a Florida property of a beleaguered wide receiver is in the early stages of the process.
Almost two years after first appearing on the RealtyTrac website, the Los Angeles home of former Oakland A’s baseball slugger Jose Canseco is set to be sold at a public auction to be held March 3, 2010, at 10:30 a.m., at the Los Angeles County Courthouse in Norwalk, Calif.
Located in the posh community of Encino — a suburb in the San Fernando Valley area of Los Angeles — Canseco’s four bedroom, six bathroom home measuring 7,344 square feet has an opening bid of $2,088,750. Reportedly, Canseco cited multiple divorces and other financial trouble for walking away from the mortgage on the home back in 2008.
The foreclosure clock has begun ticking for ex-New York Giants receiver Plaxico Burress, who caught the game-winning touchdown for the Giants in Superbowl XLII in 2008. USA Today reported Burress has been named in a $3.3 million foreclosure lawsuit by Deutsche Bank over his two-bedroom, two bath home measuring 6,872 square feet is located in Lighthouse Point, Flor., outside of Fort Lauderdale.
According to RealtyTrac, Burress paid nearly $4 million for the home back in 2005. The lis pendens on the home was recorded on Feb. 3, 2010. Burress is serving time in prison after pleading guilty to an attempted weapons possession charge in August 2009.
