Tuesday, May 12, 2009

*@!#% 116 N. Valley, Toluca Lake is already in escrow

116 N. Valley in Toluca Lake listed on the MLS Sunday night for $521,730. It's a 3+3 with 1900+ square feet. As you can see from the picture, it's a "completer" and it's a foreclosure. Somebody obviously ran out of money in the middle of re-doing this.

It's already in escrow. How can that be after it has only been on the market one day? I'm not sure, but I'll bet the listing agent, another REO mega-lister, has been courting offers on their own and just listed it to appease the bank/seller. It seemed too good to be true, and it was...

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