Nov 09
12
Tamra Barney’s Short Sale in Escrow
‘O.C. Housewives’ Ladera short sale in escrow
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Who says short sales — or homes in Ladera Ranch — can’t sell?
The Ladera family home of Tamra Barney one of cable TV’s “Real Housewives of Orange County” is in escrow. It had been listed as a “short sale” for $1.149 million. (Late last year, the 4,300-square-foot, 5-bedroom, 5.5-bathroom home — Click on the pictures at left for a larger view! — was listed at $1.6 million.)
Marcos Prolo, the agent Berrington Properties who is selling the home, confirmed the escrow status and said he got 6 offers for the home before settling on one to go to contract with. While he wouldn’t give pricing details, he did say the agreed-upon price was “in excess” of the asking price and the buyer is a current Ladera resident.
“For some reason,” Prolo says of the sales process. “It was not that big of a deal.”
Ladera Ranch, a new community built out at the peak of the market, is a hard-hit housing market. Prolo, a Ladera resident and seller of property there for 6 years says: “It’s probably the worst hit in the South County area.”
Barney (By Jebb Harris)
As a “short sale,” the Barney home sale requires the bank to take less than the amount borrowed against the home for the sale to be completed. Prolo hoped that approval would come soon.
Barney told Register’s Mark Eades earlier this year that this sales was a “business decision” after the couple lost $600,000 on the house. Public records show the home being bought for $1.3 million in 2005. She was unavailable for comment this week.