Foreclosures in La Canada, Glendale, La Crescenta, Montrose
The good news is that there were only two foreclosed homes last week and none the previous week.
Interestingly both homes were purchased at a time where they enjoyed rampant appreciation; both homeowners unfortunately spent their equity.
Rockland, La Canada (not La Canada school district)
MLS Stats:
Purchased: 1/31/00 $279,900 3 & 1 1102 sq ft
Listed: 1/2/01 $393,000 and now 3 & 2 1741 sq ft Did not sell (MLS indicated it was vacant at the time of this listing – probable flip)
Relisted: 9/6/05 for 6 weeks at $789,000 (MLS stated owner occupied) did not sell 
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Palm Drive, Glendale
MLS Stats:
Purchased: 7/3/01 $330,000
Listed: 8/31/07 $685,000 and after 168 days on the market it didn’t sell (listed expired February of this year)
The photos in the MLS reflect a home that was well loved......
There were numerous loans on the home; at time of loss: 1st TD $492,000 and 2nd TD $100,00 PLUS late fees, back payments etc. - Purchased for $330,000 and owed $592,000 (+ fees, payments, etc.)
Categories: Glendale, Foreclosures, Foothills, La Canada
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6/4/2008 2:18 PM
Los Angeles Real Estate Blog wrote:
By now, everyone has heard that Ed McMahon is facing foreclosure. But what’s happening in my (neighbor) hood? Last Week’s foreclosures (Glendale, La Canada, La Crescenta and Montrose): Crown Ave., La Canada Purchased in 1980 – refinanced their way to foreclosure Florencita Ave, Montrose condo Purchased in 2006 – 0 down payment Glenmore Blvd. Glendale Purchased in 1995 - refinanced their way to losing their home Windsor Rd, Glendale condo Purchased in 2001 for $175,000 – owed $586,000 California Ave, Glendale condo Purchased in 2001 for $208,000 – owed $523,000Justin ... -
6/4/2008 2:23 PM
Los Angeles Real Estate Blog wrote:
By now, everyone has heard that Ed McMahon is facing foreclosure. But what’s happening in my (neighbor) hood? Last Week’s foreclosures (Glendale, La Canada, La Crescenta and Montrose): Crown Ave., La Canada Purchased in 1980 – refinanced their way to foreclosure Florencita Ave, Montrose condo Purchased in 2006 – 0 down payment Glenmore Blvd. Glendale Purchased in 1995 - refinanced their way to losing their home Windsor Rd, Glendale condo Purchased in 2001 for $175,000 – owed $586,000 California Ave, Glendale condo Purchased in 2001 for $208,000 – owed $523,000Justin ... -
10/3/2008 6:49 PM
Los Angeles Real Estate Blog wrote:
Do you remember my entry regarding this well loved Glendale home lost in foreclosure? This homeowner had spent a lot of money on this home and then lost it. The home was recently taken back by the bank (foreclosure), listed at $605,000 and sold (over asking price) at $619,900. It's easy to claim that many of these homeowners were irresponsible, but there is always a story behind the story, and there are a lot of people paying a high price for not understanding what they were getting into. ...
The innocent victims of the sub prime crisis and resulting foreclosures are our pets. Animal shelters in the greater LA area are reporting a 16% rise in animal surrenders/abandonment. When people are forced to move and to do so quickly it is often hard to find places that will allow animals. For a list of pet friendly apartments check these two websites www.laanimalservices.com and www.vftafoundation.org
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I have three dogs and a cat - I suppose that constitutes an animal lover
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