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It’s no secret that this Bad Boy of Baseball doesnt always play by the rules. Recently he walked away from the mortgage on is 2 point something million dollar home because its value has plummeted (like so many others out there). The difference being Joe six-pack is truly unable to make his payments where as JC could - if he wanted to.
Jose said “It didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else…“
How farking stupid is that? Did he just figure this out? Unless you pay cash for your home you only hold legal title to it. To obtain legal title to the home the lender pays the seller for the home on your behalf and you agree to pay the lender according to the terms stated in the mortgage contract. Unless Jose pays cash for his next home it to will have mortgage and “be owned by someone else”. Folks like him should NEVER qualify to borrow money again, ever! He deserves the HALL OF SHAME.
Tags: foreclosures, fraud, fresno, homes, jose conseco, mortgage, real estate
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