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|
Wonderful Monte Malaga Palos Verdes Estates Ocean View Home
|2205 Via Guadalana, Palos Verdes Estates, CA 90274|
Rolling Hills Estates Townhome - Short Sale
|14 Via Sevilla, Rolling Hills Estates, CA 90274|
Torrance Condominium Short Sale
Exterior of condo Community Clubhouse with Pool
|2563 Plaza Del Amo # # 20, Torrance, CA 90503|
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 http://www.maureenmegowan.com . 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.