I spoke to the listing agent for the property and the escrow just closed. It is no longer available.
Contrary to what you hear on the news, the market is actually hot right now. Bank owned properties are moving fast. The property in question was on the market for a while, unlike majority of the properties out there.
Pasadena one the areas I specialize in. Let me know if you need any help finding a property.
As many escrows do not work if you you really like this home , it might be an idea to put in a back up offer.
If you are interested in another great opportunity in Pasadena let me know . The early bird gets the worm
First Team Real Estate