Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Wednesday, December 28, 2011
The short sale on Verdugo in Burbank has closed, and my nightmare is over.
Well, okay, 2012 W. Verdugo in Burbank wasn't really a nightmare, it was just a typical short sale. Took way too long, involved a bitter divorce, a seller that wouldn't commit to moving, a loan that was sold at the last minute, etc. etc. Kudos to our buyer, George, for hanging in for six months. Thanks to everybody who expressed interest in the house.
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Yes it is right that the burbank wasn,t really a nightmare,it was just a typical short sale.
ReplyDeleteA real estate short sale situation may be right when a homeowner is in foreclosure and the loan amount is close to the value of the home. The seller cannot sell the house with an agent because the fees involved exceed any moneys received from the sale. What can you do?
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