General information, not legal or tax advice. Sidney works alongside your attorney and CPA. Rules as of October 15, 2026; they change, so check the official sources listed below.
In Tujunga, part of the City of Los Angeles, what credit effects should a seller expect?
Credit effects depend on how each loan holder reports and on the owner's history; there is no single answer for a Tujunga seller; ask a HUD-approved housing counselor to walk through the likely reporting (CFPB lookup: consumerfinance.gov).
In Tujunga, part of the City of Los Angeles, can a short sale and a foreclosure run at the same time?
Review and foreclosure may run side by side, so request a written postponement while the file is open (Civil Code §2924f); a complete package on day one gives the review the most room. If a Notice of Default has recorded, the lender's LAHD registration and the calendar are on the Tujunga foreclosure help page.
When selling in Tujunga, what does Sidney do on a short sale?
Sidney Manzo, in real estate since 1990, prices the Tujunga property from comparable sales and lists it on the open market, then keeps the buyer informed during review; he screens offers for buyers who can wait out a lender review. See selling a house in Tujunga for prep and pricing in general; a plain-language walk-through is in the California short sale overview.
When selling in Tujunga, who else helps an owner through a short sale?
A HUD-approved counselor may help assemble the hardship package at little or no cost, and the CFPB lists nearby agencies by ZIP (consumerfinance.gov); an attorney reviews the approval letter; a CPA reviews the forgiven-debt question. When repairs are not realistic, an as-is sale in Tujunga skips the remodel; if the home was inherited, inherited property in Tujunga covers that path.
In Tujunga, part of the City of Los Angeles, is the home a fit for a short sale?
A short sale fits when the payoff is higher than a realistic price, and the owner may show a hardship, and no one can promise approval, because every lender sets its own criteria. Ask for a property-specific Tujunga valuation to compare the likely price with the payoff.
In Tujunga, part of the City of Los Angeles, what will the lender review before approving a short sale?
Each lender looks at the hardship file, the purchase contract and an estimated settlement statement; most lenders also order a broker opinion or appraisal. One city point that belongs in the lender file up front — Because Tujunga is part of the City of Los Angeles, a deed pays the City's base tax of $2.25 per $500 in addition to the county's $1.10 per $1,000; Measure ULA, for sales closing after June 30, 2026, adds 4% above $5,400,000 and 5.5% at $10,900,000 or more (LA Office of Finance), though most Tujunga homes fall below the ULA threshold while the base city tax still applies (finance.lacity.gov). Closing costs are netted out of the lender's figure line by line, including transfer tax.
Which Tujunga details, like brush clearance in the fire zone, can slow approval?
Local Tujunga rules belong in the file before the lender's valuation, so check them up front; a lender often raises this — LADBS rule — sellers of residential property in the City of Los Angeles, including Tujunga, must give the buyer a Residential Property Report before selling or going into escrow (LAMC 96.300); the fee is $70.85 per report; order it in week one on a deadline file (dbs.lacity.gov). Something escrow may notice later — LAHD Foreclosure Registry — the lender must register a Tujunga (City of LA) residential property within 30 days of recording an active Notice of Default; registration runs to calendar-year end and must be renewed by January 31 each year while it applies (housing.lacity.org). An item escrow will check later — LAHD says the Rent Stabilization Ordinance generally covers City of LA rentals first built on or before October 1, 1978; a Tujunga seller with tenants in an older duplex or fourplex should have an attorney confirm notice rules (housing.lacity.gov). In a short-sale file, remember early — LA Recreation and Parks says Tujunga was annexed to Los Angeles in 1932, after which Bolton Hall housed LA's Department of Building and Safety; it's now the Bolton Hall Historical Museum (recreation.parks.lacity.gov). The servicer's negotiator will want this explained on a Tujunga file — the Foothill Boulevard Corridor Specific Plan (Ordinance 170694/173455) covers part of the Sunland-Tujunga community plan area in Council District 7; ZIMAS shows whether a parcel is inside (planning.lacity.gov). An item escrow will ask about on a Tujunga sale — LAFD requires year-round clearance of brush, weeds and grass within 200 feet of structures in the City's Very High Fire Hazard Severity Zone (LAMC 57.4906.5.2) (lafd.org).
For Tujunga sellers, can the lender collect the shortfall after a short sale?
After a written short-sale approval on a residence of one to four units, Code of Civil Procedure §580e generally bars a deficiency claim for the shortfall on a Tujunga home; a lawyer confirms how the rule applies to each loan first.
For a Tujunga homeowner, could the forgiven debt be taxed?
Forgiven mortgage debt may count as income, because the federal exclusion for qualified principal residence debt ended for discharges after 2025 (irs.gov); the state applies its own rules, set out by the Franchise Tax Board separately from the IRS (Franchise Tax Board). A Tujunga seller should bring in a CPA early, because nothing here is tax advice.
Last reviewed by Sidney Manzo · About Sidney
Questions
What do Tujunga owners ask?
- As a Tujunga seller, why is the City of Los Angeles involved after my Notice of Default?
- The city's Foreclosure Registry is the reason — lenders register a property with LAHD within 30 days of an active Notice of Default. The registry is the lender's job; a Tujunga owner may still list and sell.
- For a Tujunga homeowner, what does the lender want in the hardship package?
- Mostly documents; most lenders ask for a hardship letter, pay records, bank statements, tax returns and the purchase contract; Sidney and a HUD-approved counselor can help a Tujunga owner put it together for free.
- For a Tujunga homeowner, how is the list price chosen for a short sale?
- From recent Tujunga-area sales: similar homes set the range, and the lender's own valuation has to agree with the contract price; Sidney Manzo prices a Tujunga short sale with the lender's review in mind.
- In Tujunga, do I have to miss payments before a short sale?
- Not always; many lenders require a documented hardship rather than a missed payment; the servicer's own guidelines decide, so ask before listing the Tujunga property for free.
- When selling in Tujunga, how many weeks does a short-sale approval take?
- It varies, and a Tujunga file with a second loan can take longer: timing differs by lender and by the number of liens, so no date is promised; set the Tujunga closing date only after the written approval arrives.
- In Tujunga, part of the City of Los Angeles, does a short sale leave me owing the difference?
- Usually not; on a 1-4 unit Tujunga house with written loan holder consent, Code of Civil Procedure section 580e generally bars a deficiency; a lawyer should confirm how it applies to the Tujunga loan.
Sources
Sources
- City of Los Angeles Office of Finance: Measure ULA (accessed October 15, 2026)
- LADBS: Residential Property Report (accessed October 15, 2026)
- housing.lacity.org: LAHD Foreclosure Registry: the lender must register a Tujunga… (accessed October 15, 2026)
- LAHD: Rent Stabilization Ordinance overview (accessed October 15, 2026)
- recreation.parks.lacity.gov: LA Recreation and Parks says Tujunga was annexed to… (accessed October 15, 2026)
- planning.lacity.gov: The Foothill Boulevard Corridor Specific Plan covers part of… (accessed October 15, 2026)
- lafd.org: LAFD requires year-round clearance of brush, weeds and grass… (accessed October 15, 2026)
- California Civil Code §2924 (accessed October 15, 2026)
- California Civil Code §2924f (accessed October 15, 2026)
- California Code of Civil Procedure §580e (accessed October 15, 2026)
- CFPB: Find a housing counselor (accessed October 15, 2026)
- IRS Publication 4681 (accessed October 15, 2026)
- Franchise Tax Board: Mortgage forgiveness debt relief (accessed October 15, 2026)
Your agent
Who reviews your home?
Sidney Manzo, Agent, CA DRE #01108914.
- In real estate since 1990
- 155+ closed sales
- RE/MAX Hall of Fame
- Member, Pasadena Association of REALTORS® and C.A.R.
RE/MAX Dream Properties (ASLG Inc), CA DRE #02142193
Last reviewed by Sidney Manzo.