This bank owned home is located in a rustic hillside area of El Sereno.  It has 2 bedrooms and 1 bath.  City records indicate 680 square feet, on a lot that is 6,500 square feet.  It is currently listed at $112,500.

It sold in 1994 for $103,000.

It sold in April, 2004 for $205,000

It was refinanced in August, 2005 with a loan of $280,000

Notices of Default were filed January 23, 2008 and again on May 7, 2008.

The Trustee Sale took place May 6, 2009.

The property is now bank owned and listed for sale at $112,500.

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042  

This bank owned fixer-upper property is a duplex, located in Highland Park, north of York Boulevard, near to the Occidental College campus.  Each unit has 2 bedrooms and 2 baths.  City records indicate 1,834 square feet, on a lot that is 5,183 square feet.  It is currently listed at $254,900.

The property sold in 1992 for $90,000.

It sold in 2001 for $235,000.

It sold again in 2006 for $665,000

A Notice of Default was filed in December 2007.

It was listed for sale in July 2008 as a short sale at $450,000.  It did not sell at that time and expired off the market.

Notices of Default were filed in June 2008, and October 2008.

The Trustee Sale took place on October 31, 2008.

The property is now bank owned and listed for sale at $254,900.

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042  

This three bedroom, two bath bank owned home is located in central Highland Park.  City records indicate 1,128 square feet on a lot that is 5,400 square feet.

The home sold in October 2003 for $162,500.

It sold again in August 2004 for $440.500.

It was listed for sale in 2006 for $634,000, but did not sell.  It expired off the market in September 2006.

It was refinanced in March 2007 with a first loan of $472,000 and a second loan of $117,000.

Notices of default were filed on the first loan in October 2008 and February 2009.

The trustee sale took place on March 24, 2009.

The home is now bank owned and is listed for sale at $309,500.

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042 

This two bedroom, 1 bath bank owned home is located in the Garvanza area of Highland Park.  City records indicate 1,058 square feet on a lot that is 5,227 square feet.

The home sold in 1977 for $34,500.  The ownership did not change again until the home was sold in June, 2006 for $505,000.

The home was listed in January 2007 at $425,000 as a Short Sale subject to lender approval, but it did not sell and expired from the market in July of 2007.

Notices of Default were filed in January 2007, August 2007 and November 2007.

The Trustee Sale took place in February of 2008.

The Los Angeles Department of Building and Safety indicates an open code enforcement investigation from May of 2008.

The lender listed the home for sale in March of 2009 for $245,900.  It has not sold, and is now commited to Auction.  See www.auction.com for details.

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042  

Recently The New York Times published an article titled Homeowners and Investors May Lose, but the Bank Wins describing the difficulties a homeowner has experienced in attempting to negotiate a "short sale" of his Mt. Washington home.

A review of public records for this property ads another dimension to the story.  Public records indicate a 1 bedroom, 1 bath home, built in 1950, 684 square feet, located in a very desirable area of Mount Washington.

Sold 10/25/1989  $80,000
 
Sold 12/5/2003  $275,000
 
Sold 5/19/2004  $450,000
 
Sold 12/3/2004  $639,000
 
Re-fi Loan 5/12/2006 $711,500

Additional Loan 5/30/2007  $85,000

And from the I-Tech MLS:

Reported Pending 2/2/2009  $474,000
 
Reported Pending 4/27/2009 $474,000

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042  
 

This 2 bedroom, 1 bath bank owned home is in Eagle Rock, just north of Yosemite Drive, near the Yosemite Recreation Center.  City records indicate 840 square feet, on a lot that is 3,340 square feet.  It is currently listed at $275,500.

The home sold in 1981 for $195,000.

It sold in January, 2004 for $277,500.

It sold again in March, 2005 for $352,000.

It was refinanced in March 2006 with a first mortgage of $400,000 and a second mortgage of $104,000

Notices of Default were filed in November, 2008 and February, 2009.

The Trustee Sale took place in May, 2009.

The property is now bank owned and listed for sale at $275,500. 

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042  

This 2 bedroom, 1 bath bank owned home is in the Mont Eagle neighborhood, a pleasant hillside community on the Eagle Rock / Highland Park border.  City records indicate 1,258 square feet, on a lot that is 11,151 square feet.  It is currently listed at $329,000.

The home sold in September, 2003 for $421,123.

It was refinanced in April, 2006 with a first mortgage of $544,185.

Notices of Default were filed in October, 2008 amd January, 2009.

The Trustee Sale took place in March, 2009.

The property is now bank owned and listed for sale at $329,000. 

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042  

This 2 bedroom, 1 bath bank owned home is in the Mount Angelus neighborhood, a pleasant hillside community within Highland Park.  City records indicate 748 square feet, on a lot that is 3,985 square feet.  It is currently listed at $159,900.

It had been foreclosed previously in March, 1995.

It sold in December, 1995 for $99,000.

It resold in December, 2002 for $144,500.

It was refinanced in November 2005 with a first mortgage of $388,000 and a second mortgage of $72,500.

Notices of Default were filed in March, 2008, and again in June, 2008.

The Trustee Sale took place in July, 2008.

The property is now bank owned and listed for sale at $159,900. 

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042  

There are plenty of statistics, reports and graphs dealing with the presence of foreclosures in current real estate market in Los Angeles.  However, sometimes studying one individual case can present a clearer picture than all the combined data.  

This 3 bedroom, 1 bath bank owned home is located in a commercial corridor in Highland Park, very near to the Eagle Rock border.  City records indicate approximately 940 square feet on a lot that is approximately 7,500 square feet.  It is currently listed at $230,000.

It sold in September, 2001 for $151,000.

It re-sold in March, 2004 for $195,000.

It was refinanced in June, 2006 for $310,000.

It was listed for sale in July, 2007 for $590,000.  It did not sell at that time.

It was re-listed for sale in February, 2008 for $384,000.  It did not sell at that time.

The Notice of Default was filed in September, 2008.

The Notice of Sale was filed in January, 2009.

The Trustee Sale took place in January, 2009.

The property is now bank owned and listed for sale at $230,000.

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you.

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042 

There are plenty of statistics, reports and graphs dealing with the presence of foreclosures in current real estate market in Los Angeles.  However, sometimes studying one individual case can present a clearer picture than all the combined data. 

This bank owned duplex in Highland Park is located in the hills overlooking York Valley.  City records indicate appoximately 2,000 square feet, built in 1960.  The listing remarks indicate a 3-bedroom, 1-bath unit upstairs, and a 2-bedroom, 1-bath unit downstairs.  It is currently offered for sale at $339,000.

It originally sold 1976, for $82,500.

The next sale, over 30 years later, in December, 2005, was for $630,000, with a mortgage loan of $504,000.

The Notice of Default was filed February, 2008.

The Notice of Sale was filed May, 2008.

The Trustee Sale took place June, 2008.

The property is tenant occupied.  The listing remarks indicate gross rental income of approximately $2,000.

Consider this:  With a loan of $504,000, the previous owner's monthly mortgage payment would have been approximately $2,800.  The previous owner's annual property taxes would have been $7,875 per year (or approximately $650 per month).  Add in water, gardening, and a little for repairs and maintenance, and it appears the previous owner would have been running a negative of over $1,500 every single month.

Compare with this:  The payment on a loan of $271,000 (80% of the current asking price) would be about $1,500.  Annual property taxes on a sale price of $339,000 would be approximately $4,200.00.

Someone buying this bank-owned property at the current asking price of $339,000, actually has a good chance of breaking even each month.

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you.  

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042 

There are plenty of statistics, reports and graphs dealing with the presence of foreclosures in current real estate market in Los Angeles.  However, sometimes studying one individual case can present a clearer picture than all the combined data.  

This bank owned home in Highland Park is approximately 890 square feet.  It has 3 bedrooms, one bathroom, on a 4,800 square foot lot.  It is currently offered for sale at $164,900.

It was listed for sale June 2004 as a fixer at $399,000.  It was later reduced to $349,000; and it sold in October 2004 for $360,000.

It resold March 2006 for $445,000.

Notices of Default were filed, and re-filed December 2007, March 2008, May 2008, July 2008 and August 2008.

It was listed for sale August 2008 for $247,000.  It did not sell at the time.

The Notice of Sale was filed December 2008.

The Trustee Sale took place January 2009.

The property is currently bank owned and offered for sale at $164,900.

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you.  

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042 

There are plenty of statistics, reports and graphs dealing with the presence of foreclosures in current real estate market in Los Angeles.  However, sometimes studying one individual case can present a clearer picture than all the combined data.  

This is a 3 bedroom, 2 bath bungalow in the Garvanza District of HIghland Park.  It is approximately 1,081 square feet.  Some renovations were made by a previous owner.  It is currently bank owned and offered for sale at $319,900.

It sold in May 1999 for $120,000.

It sold in September 2002 for $240,000.

It was listed in January 2005 for $460,000, and sold in March 2005 for $470,000.

It was transferred in March 2006 with an indicated value of $520,000, and a mortgage of $468,000.

The Notice of Default was filed in February 2008.

The Notice of Sale was filed in May 2008.

The Trustee Sale took place in July 2008.

The property is currently bank owned and offfered for sale at $319,900.

This article is not intended as an advertisement of any property listed by another brokerage firm.  It is intended only as a report of current real estate market conditions. 

However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you. 

Bob Taylor Properties, Inc. –  323-257-1080 — bobtaylorprop@gmail.com  — 5526 North Figueroa Street, Highland Park, CA 90042