Ξ July 31st, 2009 | → 2 Comments | ∇ Highland Park |
CurbedLA brought our attention to a recent New York Times article about some suspect dealings with a short sale in Mt. Washington. The article argues that Bank of America is intentionally delaying the sale in order to inflate fees paid to its subsidiaries. The property is now listed at $474,000 whereas the bank was previously offered $625,000. The 3 bedroom 2.5 bath has been on the market for over two years.
Some good news for the prospective buyer of this home is they may have an easier time getting to it as Caltrans will be taking the 110 freeway, built in 1935, into the 21st century. The LA Times reports that the state will be installing “smart” road studs that will create a second offramp for the 5 North during peak traffic. Maybe we’ll see less drivers cutting into the offramp inside the final tunnel in order to avoid the mile-long line. (You know who you are.)