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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

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Comments so far on this story:

1. Ron Weiss wrote on April 24, 2008 6:42 PM:
"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!"

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