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Market Strikes Again

Published: Tuesday, April 22, 2008 6:26 PM PDT


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Wow. So, remember that condo in North Park that was being offered at a price less than the government subsidized "affordable" homes nearby? My colleague, Kelly Bennett, reports that it was sold but the sale was blocked by the bank. Check it out.

It could even go for less than it was offered before.

-- SCOTT LEWIS




1 Comments so far on this story...

The bank was 100 percent right in blocking this sale. The owner of this property had to have claimed this unit was his primary residence. The owner also has to show hardship. Both of these need to occur to make a short sale work legally. Unfortuately for the owner his credit will now be more adversely affected since this property will mostlikely go into foreclosure and become bank owned. Fortunately for one- a good by will be had!

Posted by Ron Weiss | reply to this comment
April 24, 2008 6:42 pm


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Scott Lewis on Politics

The Scott Lewis on Politics blog, abbreviated cleverly as SLOP, is a collection of observations, insights and the occasional scoop on public affairs in San Diego. Please feel free to e-mail Scott at scott.lewis@voiceofsandiego.org.

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This Just In

A Charter School Rebuttal:

 Urban Discovery Academy responds to its critics. » May. 16 -- 4:24 pm



Mayor Must Revisit Bargaining Table:

 He’s 'done negotiating,' but he’ll have to meet and confer with unions to get pension on the ballot.

May. 16 -- 5:11 pm


'Inviting Further Litigation':

 More on the Bajagua scuttling.

May. 16 -- 10:30 am


MOST POPULAR STORIES:

SURVIVAL IN SAN DIEGO

Foreclosure Flood Continues :

  Filings up 103 percent over the year.

May. 14 -- 11:33 am



LETTERS TO THE EDITOR

Seals vs. People? Why?:

  Why are we allowing unreasonable people to demand that we spend money to disturb the seal colony that so many people enjoy visiting?

May. 15 -- 1:58 pm



CAFÉ SAN DIEGO

'Fresh Face, Strong Voice and a Clear Eye':

 Marti Emerald can bring all of these assets to City Hall.

May. 15 -- 7:50 pm



COMMENTARY: SLOP

Atkins' Goes for Housing Post:

 So much for it 'never crossing' her mind.

May. 16 -- 5:19 pm



COMMENTARY: RICH TOSCANO

Employment Goes Positive :

  After the first year-over-year decline since 1993, San Diego job growth is back in positive territory.

May. 16 -- 4:34 pm

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