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Resort Like Condo
Overview
Maps
Photos
Features
Description
Neighborhood
Open House
Market Stats
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| $154,900 |
| Condominium |
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Main Features
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2 Bedrooms
2 Bathrooms
1 Unit
Interior: 1,371 sqft
Lot: 1,307 sqft
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Location
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35200 Cathedral Canyon Dr
W182
Cathedral City, CA 92234
USA
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Michael Layton Lic 01342880
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Like New!
Overview
Maps
Photos
Features
Description
Neighborhood
Market Stats
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| $192,000 |
| Single Family Home |
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Main Features
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3 Bedrooms
2 Bathrooms
1 Unit
Interior: 1,835 sqft
Lot: 7,841 sqft
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Location
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3842 Eastgate Road
Palm Springs, CA 92262
USA
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Michael Layton Lic 01342880
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Central Palm Springs Condo
Overview
Maps
Photos
Features
Description
Neighborhood
Market Stats
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| $133,900 |
| Condominium |
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Main Features
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2 Bedrooms
2 Bathrooms
1 Unit
Interior: 1,251 sqft
Lot: 2,178 sqft
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Location
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1473 Tiffany Circle S
Palm Springs, CA 92262
USA
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Michael Layton Lic 01342880
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3 Bed Dream Views
Overview
Maps
Photos
Features
Description
Neighborhood
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| $164,800 |
| Single Family Home |
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Main Features
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3 Bedrooms
2 Bathrooms
Interior: 1,404 sqft
Lot: 8,712 sqft
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Location
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37687 Bankside Dr
Cathedral City, CA 92234-7817
USA
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Michael Layton Lic 01342880
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Central Palm Springs Pool Home
Overview
Maps
Photos
Features
Description
Neighborhood
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| $159,900 |
| Single Family Home |
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Main Features
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3 Bedrooms
3 Bathrooms
Interior: 1,626 sqft
Lot: 13,939 sqft
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Location
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549 N Lujo Circle
Palm Springs, CA 92262
USA
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Michael Layton Lic 01342880
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I have found that Melissa's comment is dead-on in the Palm Springs Market area. I suppose it is because HOA's have a fiduciary duty to all the association members so moving quickly on collections is their duty. It is tough but I think most buyers and sellers can see both sides of this one.
Great Post. Via Melissa Zavala Realtor® North San Diego County Homes (Broadpoint Properties):
 Dear Melissa:
I am representing a seller in a short sale. This seller has stopped making mortgage payments because she does not have much money. She lost her job. She wants to know if she can also stop making payments on the HOA dues. What should I tell her? --Confused in SoCal
Dear Melissa:
It is often best not to advise clients as to how they should manage their finances—especially with respect to a short sale. That being said, the HOA in the state of California can cause terrible trouble in a short sale.
As you know, I am not an attorney and I do not play one on tv. Your client should probably seek the advice of an attorney if at all possible. That being said, in the state of California, if a property goes to foreclosure, the unpaid HOA dues become an unsecured lien that follows the seller. In order to close a short sale transaction in the state of California, the title company will require that the HOA is paid in full.
Frequently, short sale lenders will not allocate too much money for unpaid HOA. Some lien holders will not allocate any funds whatsoever, and others will allot perhaps $250 or $500. So, if the seller decides to stop paying the HOA and the short sale lender does not approve any funds from the proceeds to go towards the unpaid HOA balance, the seller will be required to pay the HOA plus any late fees and attorney fees (if the HOA has begun court proceedings to file a lien).
So, if I had my druthers, I’d say that it is best to keep the HOA current and paid, since you don’t really know whether the short sale lender will approve any money towards the HOA.
Good Luck! --Melissa Zavala
Melissa Zavala
BROKER/REALTOR® ● DRE #01324959
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Newer Construction 3 Bed
Overview
Maps
Photos
Features
Description
Neighborhood
Market Stats
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| $118,000 |
| Single Family Home |
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Main Features
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3 Bedrooms
2 Bathrooms
1 Unit
Interior: 1,759 sqft
Lot: 9,583 sqft
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Location
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68750 Panorama Dr
Desert Hot Springs, CA 92240
USA
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Michael Layton Lic 01342880
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Tennis Club Condo Palm Springs
Overview
Maps
Photos
Features
Description
Neighborhood
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| $389,500 |
| Condominium |
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Main Features
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2 Bedrooms
2 Bathrooms
1 Unit
Interior: 1,792 sqft
Lot: 2,178 sqft
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Location
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555 W Baristo Rd
C 28
Palm Springs, CA 92262
USA
To get updates on open home dates and other property events, please click the "Like" button below:
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Michael Layton Lic 01342880
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Central Palm Springs Pool Home
Overview
Maps
Photos
Features
Description
Neighborhood
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| $159,900 |
| Single Family Home |
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Main Features
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3 Bedrooms
3 Bathrooms
Interior: 1,626 sqft
Lot: 13,939 sqft
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Location
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549 N Lujo Circle
Palm Springs, CA 92262
USA
To get updates on open home dates and other property events, please click the "Like" button below:
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Michael Layton Lic 01342880
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Beautiful Location
Overview
Maps
Photos
Features
Description
Neighborhood
Market Stats
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| $194,900 |
| Single Family Home |
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Main Features
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3 Bedrooms
2 Bathrooms
Interior: 1,270 sqft
Lot: 10,454 sqft
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Location
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2151 E Calle Papagayo
Palm Springs, CA 92262
USA
To get updates on open home dates and other property events, please click the "Like" button below:
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Michael Layton Lic 01342880
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Real Estate and Life In the Palm Springs California Desert Resorts. Cities covered include Palm Desert, Rancho Mirage, Cathedral City, Indian Wells, La Quinta, Desert Hot Springs and Indio.
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