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Thread: Ex-SDSU coach sells home for $518,000 loss

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    X-Pacolypse's Avatar
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    Ex-SDSU coach sells home for $518,000 loss

    http://www.signonsandiego.com/news/2...000-loss-home/

    Former San Diego State head football coach Chuck Long has avoided having his house auctioned off next week by selling it for a loss of $518,000.

    His home in Poway entered the foreclosure process after Long had defaulted on his payments last year, according to county records. It was scheduled to be auctioned off in a trustee's sale next Wednesday in Oceanside, but the lender instead accepted a short sale a transaction in which a house is sold for less than what the owner owes on a mortgage.
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    Chuck Long has a future in financial advising for sure.

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