Maureen Megowan's Blog


Just Closed 4 Home Purchases within 1 week

The last week has been an unbelievably busy week,  with my closing on four home purchases for clients , all closing within 7 days of each other.  These deals totaled approx. $3.8 million and included:

                                                         Beautiful Rolling Hills Estates Family Home


                                                       11 Horseshoe Lane, Rolling Hills Estates, CA 90274


Property Type: Single Family
MLS Number: V11003350
Year Built: 1979
Square Feet: 3024
Bedrooms: 4
Bathrooms: 4
Lot Size: 14,846



                                                  Wonderful Monte Malaga Palos Verdes Estates Ocean View Home

                                   2205 Via Guadalana, Palos Verdes Estates, CA 90274


Property Type: Single Family
MLS Number: S10112984
Year Built: 1950
Square Feet: 1914
Bedrooms: 3
Bathrooms: 3
Lot Size: 9,760



                                        Rolling Hills Estates Townhome - Short Sale

                                           14 Via Sevilla, Rolling Hills Estates, CA 90274


Property Type: Single Family
MLS Number: S10108063
Year Built: 1968
Square Feet: 1792
Bedrooms: 2
Bathrooms: 3



                                                     Torrance Condominium Short Sale

Exterior of condo                                                                              Community Clubhouse with Pool

                                   2563 Plaza Del Amo # # 20, Torrance, CA 90503


Property Type: Single Family
MLS Number: S10112984
Year Built: 1985
Square Feet: 1303
Bedrooms: 2
Bathrooms: 2

Both of the last two condo and townhome purchases were short sale transactions.  The Rolling Hills Estates townhome short sale, however, was one of the most complex short sales I have worked on.  The seller had 5 different types of liens on the property which needed to be negotiated and removed, including both State of California and IRS income tax liens,  upaid sales taxes owed to the State Board of Equalization, unpaid property taxes, and unpaid HOA dues and assessments.  The underlying short sale lender was very cooperative, but had to extend the scheduled foreclosure sale date several times due to delays in obtaining the lien releases. All of this hard work was worth it as my client purchased this home for approx. $65,000 under market , based on the appraisal obtained by my clients new lender. Thankfully, we just closed the sale on the last day of the lender's final extension.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

Comment balloon 1 commentMaureen Megowan • March 11 2011 06:20PM


Maureen ~ Wow! Congrats on a fantastic week! And you made it look so easy -:)

Posted by Kristal Wilson, Cause We Like 'Em New ~ New Home Specialist! (Strategic Sales and Marketing) almost 8 years ago

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