Jose Canseco Loses Home

why don't republicans bail him out

It's a pity the republicans haven't already bailed Jose out. They've taken care of all the other rich guys. Don't give up, Jose. Just ask your republican congressman for a special inclusion for you in the next bailout bill.

of TX @ Oct 31, 2008 12:12:57 PM

joses mistake

dont be sorry about revealing the roid boyz...my son has learned alot from this......u r an inspiration for alot of parents

e dawg of @ Oct 21, 2008 23:15:37 PM

Conseco's Loan Agent and Real Estate Broker

These people are partially responsible for him leaving his home. Because they are driven by commission, the higher the home price and mortgage, the more they make.

Take these people off commission pay. They should get a "fair professional fee" for their work. It is not much trouble to sell a house or arrange a loan. As an appraiser I get a fixed fee that I bid on to get an assignment. I am a neutral, third party to the transaction, and have a fiduciary responsibility to the lender.

We could still have commission-based compensation for income properties. Invetors figure that into the equasion. Home prices need to fall by more than 50% in CA for it to be affordable, based on wages and cost of living for household items. Energy prices have helped cause this mess, but nobody is saying nationalize the oil companies. We should nationalize all the energy companies, then switch them to clean energy that doesn't hurt the environment.

Number manipulators always win. It is like a casino where the "house" has an advantage. Gambling with our money is no joke, these executives are so used to it, they'll figure out new schemes to get what they want. We should make greed a crime. Lock up the creeps, including the real estate brokers who are non-professional, greedy and cheating mortgage brokers who steered people into property they were not qualified to pay for. They just made people lie on their applications, but then, they signed them. Throw all those cheating homebuyers in with the sharks they made deals with as they should be eaten!

Deborah L. Smith, MAI of CA @ Oct 07, 2008 13:11:08 PM

Conseco's loan and appraisal

I think we should publish this guys loan terms. We should see how much cash he put into his house deal the the sale price and date. Then we should find out who his appraiser was and publish their name. If we do this on every bad loan the government will have the background they need to deal with him.

In california it is a non-recourse state. You don't have to pay a bad loan, you can walk.

what if everyone walked that had no equity. Major chaos and problems. We could nationalize these houses and place people who actually can pay for a new loan at the current market value. If they don't pay, then we could take it back in 30 days. None of this squatting in your foreclosure for a year or two. I pay rent each month, why shouldn't they?

Deborah L. Smith, MAI of CA @ Oct 07, 2008 12:58:48 PM

my church neighbors house is in bad shape.It needs a roof and everything elseShe lost her husband and two children in accidents Raising her grandchildren is no easy task.Can sombody please help her.She is a most wonderful person.She also is facing forclosure thank you so much.

kevin boden of CA @ Oct 07, 2008 10:14:32 AM

so what

of @ Sep 21, 2008 17:08:59 PM

Hurra

Good for him, stupid Cuban.

Javier of CO @ Sep 21, 2008 15:58:46 PM

Jose the idiot............

$17 or $18 Million????????????

Now easy when you have to take care of a family???

What the hell is everybody buying in your family Jose??? Their own 787 Boeing Dream liners??

You must have been drunk when he made that stupid..silly statement to Inside Edition.

Tony La Russa of PA @ Sep 21, 2008 15:51:08 PM