Short Sales in La Jolla, California

SHORT SALES are in every community, including the jewel of Southern California... La Jolla. A "short sale" can happen when a property has little or no equity, that is, the seller owes at closing time more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a "short pay" or "short sale." If you are in the market for a good deal, you might want to look at these listings, while they are still available.

La Jolla Racquet Club - 2 bdrms/2 baths, 1,240 sq. ft.

• Original List Price: $387,900
• Current List Price: $319,900
• Current Mortgage: $361,200 with Washington Mutual 6/2007

Southpointe - 3 bdrms/2 ½ baths, 1,500 sq. ft.

• Original List Price: $525,000
• Current List Price: $525,000
• Owner Purchased for: $538,500 in 6/2004

La Jolla Village Tennis Club - 2+ bdrms/3 baths, 1,708 sq. ft.

• Original List Price: $519,900
• Current List Price: $489,900
• Owner Purchased for: $410,000 in 5/2003

Beach-Barber Tract - 4 bdrms/3 baths, 2,124 sq. ft.

• Original List Price: $1,394,876
• Current List Price: $1,195,000
• Owner Purchased for: $1,350,000 in 6/2005

Villa Tuscana - 1 bdrm/1bath, 506 sq. ft.

• Original List Price: $229,000
• Current List Price: $229,000
• Current Mortgage: $239,920 with Countrywide 3/2005

Information is provided by Sandicor and believed to be reliable, but not guaranteed and subject to change without notice.

If you are interested in receiving the current short sale listings in any community of San Diego, contact Susan at (858) 245-9905 or visit our website at www.LJ-Homes.com.