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Short Sale South Of Wilshire Receives Offers Right Away

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The Westwood Spanish home at 10497 Kinnard Ave. LA CA 90024, came on the market 9 days ago with a price tag of $1,099,000. Kinnard is located south of Wilshire, just a couple blocks north of Santa Monica Blvd. The home is listed and disclosed as a Short Sale, which is where the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. This short sale process has the potential of taking several months at a minimum to get a short sale approval from the lenders. And in this case, there are two loans with two different banks.  As of the Brokers Caravan on Tuesday morning, there were 3 offers already turned in and the listing agent expected a couple more. The house has been remodeled throughout with the gourmet kitchen being one of the strong points of the house. The kitchen is open to the dining area and breakfast nook and features stainless steel appliances (Sub Zero Fridge, Dacor double ovens, Bosh dishwasher), newer cabinetry and granite counters. According to the MLS, the home is a 3 bedroom / 2.25 bath, 1,705 sq ft of living space on a 7,318 sq ft lot.