This is a Short Sale. The Lender (Wells Fargo Bank) had countered a previous buyer at $655,000.00 sales price, but is still willing to negotiate a bit lesser price. All reasonable offers will be submitted; lender is looking for a buyers final and best offer. This is excellent for First Time Buyer (caliber of 1st Timer for the Burbank Area) or an Investor whom would want to expand the square footage and make minimum 10% to 15% on their money. Minor repairs are needed.