*10/2003 Purchased for $799,000

*7/2008 Listed $1,399,000 after 182 days on the market did not sell

*4/17/09 Notice of Default filed

*8/2009 Foreclosed – Loans at this time:  first $1,000,000 and a second for $120,500

*1/28/10 Listed for sale as a foreclosure $799,999

*3/14/10 Closed at nearly $100,000 over asking price at $890,500

Notes: Values in La Crescenta are up substantially from 2003 levels; Well priced homes continue to sell quickly and often for over asking price.  So much of the foreclosure problem is from homeowners pulling too much cash out of their homes (cash out refinances).

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 Los Angeles Foreclosure Time Line