Hey ocr – thanks for bringing it to my attention. I was wondering what was happening w/it.
I can confirm what UCGal said. I did not come across any NODs under this address since it was purchased in 2007, nor were there any NODs in the name of the owner who purchased it in 2007. It’s possible no NODs were filed and no payments made, since banks weren’t always filing NODs.
The description did NOT say it was a short sale. If it really was a short sale, then I’m impressed that the banks approved it and it closed in 3 months from when it went pending in September. I haven’t seen any short sales get approved and close so quickly, certainly not high end listings.
It’s possible that enron_by_the_sea is correct in the math and maybe it wasn’t a SS. Certainly no one wants to take that big of a loss.
That was a rough and long 3 years for the guy. I guess at some point you just cut your losses. Hard to compete w/the new construction selling for less. All the talk of second leg down, etc. etc. Those carrying costs must suck. Say even if he didn’t pay the monthly nut, he did cover the taxes. That was a pretty penny right there.
