Well, after going back and forth with the lender of my seller's home, the house will be going to foreclosure sale next Wednesday, November 5th.
The history of this home goes back over 1 year when it was first put on the market in August of 2007. I came on board as the 3rd Realtor in January of 2008. The sales price started at $749,000. Over the next few months I lowered the price gradually while awaiting my client to complete the bank's requested paperwork. Finally, in August, I had everything I needed from the seller for the bank to consider the short sale. Then, as I brought the price to $599,000, I finally received 2 strong offers from buyers for the full amount. The bank completed their appraisal and they agreed to the short sale, but only at a price of $615,000. Well, both buyers backed out last week and it's now going to foreclosure sale.
One bummer for the lender is that now it's going to sale, the seller is going to take the high end appliances out of the home. He's dismantling the BBQ outside and he's taking the handles out of the kitchen cabinets/drawers. He may even take the spa outside. For pictures of the home go to www.728colman.com
I guess that banks just don't consider these things. I'll be surprised if the bank gets $500,000 for the home after everything is out of there. It's not that pleasing to the eye to begin with. Like any other Realtor in this situation, I'm bummed because this empty home could have had an owner right away, if only the lender wasn't so greedy for $15,000.
It looks like if you want a piece of the Southern California Real Estate Market - but don't have a whole lot of cash - you'll have to "go east young man (or woman)!"
Los Angeles County
Average List Price Median List Price Average Days On Market
Single Family under $600K $357,407 $350,000 104
Single Family over $600K $1,271,195 $899,000 112
Condo/Townhome under $400K $255,224 $250,000 112
Condo/Townhome over $400K $602,774 $525,000 112
Orange County
Single Family under $1M $561,027 $535,000 104
Single Family over $1M $2,724,987 $1,799,000 131
Condo/Townhome under $600K $315,326 $299,900 102
Condo/Townhome over $600K $1,117,344 $895,000 119
Riverside County, CA
Single Family under $700K $270,477 $249,900 118
Single Family over $700K $1,378,965 $999,000 151
Condo/Townhome under $500K $191,459 $170,000 126
Condo/Townhome over $500K N/A N/A N/A
San Bernardino County, CA
Single Family under $700K $280,086 $250,000 110
Single Family over $700K $1,452,017 $1,048,790 128
Join leaders of the Pasadena area environmental groups in an informal setting and learn about their activities and programs. All are welcome!
On Saturday, September 13th prepare to gather at 4:30pm and listen to informal presentations at 5pm. Then at 6pm you can have a potluck picnic under the oak trees south of the Nature Center at Eaton Canyon Park, 1750 N. Altadena Drive in Pasadena. Bring a dish that serves 6 to 8 people. Beverages, plates and utensils will be provided. For information and to RSVP, contact coordinator Ginny Heringer at 626-793-4727 or ginnyh@ix.netcom.com
Directions to Eaton Canyon Park: from the 210 freeway in Pasadena, take Altadena Drive north about 1.5 miles; about 500 feet after crossing New York Drive, turn right into the park.
On Tuesday, September 2nd at 7pm, the Land Use Committee (a sub-committee of the Altadena Town Council) will meet at the Community Center on Altadena Drive.
One of the items of particular interest that will be on the agenda include the Monte Cedro retirement development that is under construction on the site of the former Scripps Home on El Molino/Calaveras/Alameda.
If you can't make the meeting and would like to find out more about the development (that should be completed in 2012) you can call 626-300-6214 or 866-603-8881 to reserve seating at one of two future events planned on September 9th at 10am at the Women's Cith Club of Pasadena or on September 10th at 10:3am at the University Club of Pasadena. www.montecedro.org
Just FYI...at the September 2nd meeting at the Community Center, also up for discussion is a proposal for the refurbishment and joint use of the tennis courts at Eliot Middle School. The courts have been un-usable for several years.
A FREE program will be held at the South Pasadena Public Library on Monday night at 1115 El Centro in South Pasadena, CA.
The show will open with a jazz performance by vocalist Liela Avila and pianist Dennis Hamm from the Pasadena Jazz Institute.
Then, Academy Award winning actor, Ernest Borgnine, will be speaking about his new book entitled, Ernie: the Autobiography. It would be interesting reading to find out about an actor who has survived in Hollywood for over 50 years. You remember him, don't you? McHale's Navy, the original Poseidon Adventure movie, The Dirty Dozen, The Wild Bunch, etc.
Summer's winding down...I just can't believe how fast this year is going by. Must be because I'm working harder than I've ever worked before!!!!
So...what better way to enjoy a summer evening than going to a concert. Especially, when it's free!!!!
On Saturday, August 23, 2008, you can experience the powerful brassy sounds of Tower of Power (www.towerofpower.com). Remember their hits? You're Still A Young Man, What Is Hip?, So Very Hard to Go, and You've Got To Be Having Fun.
They will be performing in Alhambra, California at the Summer Jubilee on 2nd and Main Streets. http://www.cityofalhambra.org/government/parks_recreation/Jubilee08.html I don't know if Lenny Williams is still around, but, he was THE voice of Tower of Power way back in the 70's. The concert is supposed to start around 6:00, but, I'd get there at 4:00 or so just to get a seat in the bleachers. Otherwise, you'll be pushing bodies around in front of the stage and standing all night!!
For some people, National Night Out is tonight, August 4th, but, Tuesday, August 5th is National Night Out - at least in Pasadena it is and at http://www.nationaltownwatch.org/nno/ . It's a night when people all over America will be turning off their televisions and getting outside to mingle with their neighbors. Local Police Departments urge residents to take part in this unique drug-and crime prevention event sponsored annually by the National Association of Town Watch and local Target Stores. The whole premise is meant to strengthen neighborhood spirit and police and community partnerships while helping to raise awareness of local anti-crime and anti-drug programs and let those criminals know that "our neighborhoods won't tolerate crime".
In my neighborhood there will be a big gathering at Loma Alta Park. The Sheriff's Department will be on hand for demonstrations and to answer questions about how neighbors can become involved with keeping their homes and neighborhood safe.
I'll be having some BBQ Turkey Burgers served up for my neighbors on the "Alameda Freeway", but it will be in my long driveway and front yards. I hope people can be swayed away from the television for only a couple of hours to meet and greet one another!
So...how will YOU be joining in on the National Night Out?
One of the number one comments I receive from people relocating from other states to California is that they are afraid of the traffic and how long it may take them to get to work.
Well, now you can see for yourself how the traffic is at any time of the day any day of the week. Caltrans has installed over a thousand cameras on the freeways. When you go to this website http://video.dot.ca.gov/ you can go to whatever areas you're interested in seeing. You can even see what the current temperature is.
I think it's a pretty awesome site. And if I have to travel on the freeways, I always go to www.sigalert.com and I can see what areas are moving - or not!
On a clear day you, too, can see the mountains of Altadena. I stumbled upon this website while contemplating a motorcycle ride with my husband up to the Mount Wilson Observatory just a few miles into the mountains north of my home in Altadena.
Here's a map borrowed from their website ... and if you're wondering where Altadena is, it's just North of Pasadena and just East of La Canada Flintridge and 15 minutes north of downtown Los Angeles.
Some of our own local talent here in Altadena will be performing this Saturday night at 7pm at Farnsworth Park.
Mike Manning is a 44 year old guitarist who went to St. Elizabeth Parish School in Altadena and La Salle High School in Pasadena. He was in the military and was in Rock-N-Roll bands. He is now the director of the 8:30 Folk Mass Choir at St. Elizabeth Church.
Sean Manning is the younger brother. He's a tenor in the 10:00am Mass Choir at St. Elizabeth Church.
Sean has been performing Irish folk music for over 10 years. It was his idea to form a duet with his brother which today is known as Those Manning Boys.
For almost 7 years, Those Manning Boys have performed their Irish fair of music found in the public houses of Ireland at various Restaurants in the south land. They're also regulars at the St. Elizabeth Annual Festival and at other fund raising events for charity.
Farnsworth Park is located at (almost) the top of Lake Avenue in Altadena, California. Just take the 210 Freeway and get off at Lake Avenue and go towards the mountains for 3 miles and you're there.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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