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Short Sale Spanish House In Westwood 90025

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The Westwood Spanish at 2111 Prosser Ave, LA CA 90025 just came back onto market after what looks to be a lengthy short sale negotiation with their lender. The property expired off the market on 2/1/09 after being on the market 185 days with an asking price of $1,079,000. However, its now back on the market as a Pre-Approved Short Sale with a new reduced price tag of $850,000. A pre-approved short sale usually means the lender has approved this asking price and the short sale process, thus drastically reducing the response time to get an answer back to the buyer about an offer. Normally, most properties that come on the market as short sales are not pre-approved and can take up to 6 months to get approved by the lender. Which is most cases the former buyer has already walked away.  According to public records this property is a 3 bed / 1 bath, 1,243 sq ft home on a 6,075 sq ft lot.