Lake Balboa | Van Nuys

Serving Lake Balboa | Van Nuys

[by Jason Ian Hector, REALTOR® | 10/10/15] 

As a
Short Sale Specialist, I have had great success in helping homeowners living in the Van Nuys and Lake Balboa areas having closed a HAFA short sale which needed a complete renovation, for $323,000.  The house was located right next to the school and had a large lot (pictured top left).  I was able to get my client $3,000 for relocation and able to settle the debt with JP Morgan Chase (formerly Washington Mutual) as well as a second loan from HSBC.  Many who are at risk of losing their homes through foreclosure may be able to receive help through the Home Affordable Foreclosure Alternatives Program established by the US Treasury Department. The HAFA Short Sale Program is primarily designed for homeowners with a documented hardship who are unable to afford keeping their home even with if they received a loan modification under the Home Affordable Modification Program (HAMP) or other loan modification program.


Under HAFA, homeowners may be able to avoid a foreclosure by selling  the home as a "short sale" (where the value of the home is less than the remaining amount of the first mortgage).  Information on HAFA Short Sales can be found on the federal government's Home Affordable Foreclosure Alternatives site at:

It is important to work with a successful Short Sale Specialist like myself who has completed several short sales thoughout the San Fernando Valley.  I have had great success in Lake Balboa having closed a HAFA Short Sale in which I helped the seller get $3,000 in relocation assistance and settle two mortgages, the first was with Washington Mutual, now JP Morgan Chase and the second was with HSBC.  The buyer was able to get the property and the seller was able to get $3000 in relocation assistance under the HAFA program.  It has been a pleasure serving clients in other San Fernando Valley and nearby areas as a Certified HAFA Short Sale Specialist including West Hills, Northridge, Canoga Park, Sylmar, Sherman Oaks, Lake Balboa, Simi Valley, and Thousand Oaks to name a few.  I would love to help more and can be reached directly at 818.626.6469.

In the Van Nuys / Lake Balboa area you can find Lake Balboa in Balboa Park (pictured top left) which is an 80 acres recreation facility in the Sepulveda Flood Basin located in city of Lake Balboa. The centerpiece of the park is the 27 acres Lake Balboa (top left), filled with water from the Tillman Water Reclamation Plant. There are lots of little fish in the lake and people fishing as well.  The park has barbecue pits, a bicycle path, a cascade, a children's play area, a fly fishing area, a 1.3 mile bike path, a lake for fishing, a launch ramp, pedal boats, picnic pavilions and picnic tables, private boating, a remote control boating cove, and toilet facilities. The parks and recreation department dedicated a universally accessible playground, a playground designed for handicapped and non-handicapped children as well as a skateboarding park nearby on Victory Blvd. next to the Generation One (Multipurpose Senior Center).  The park also has the Apollo XI Flight Field (pictured bottom left) for remote control planes, an archery range, barbecue pits, an unlighted baseball diamond, a children's play area, cricket fields, picnic tables, toilets, and a wildlife reservation area. In addition two pocket parks are located in Lake Balboa, one has barbecue pits, a lighted baseball diamond, unlighted outdoor basketball courts, tennis courts, a children's play area, and picnic tables. My personal favorite is roller blading around the entire park.  There are new additions including the (pictured middle left) New Balboa Lake "All Access Sports Field" which is being finished off.  Also, there are some new baseball diamonds being built on the other side of Balboa Blvd. (pictured left).
For the latest information about the Lake Balboa area, Neighborhood Council websites are a great resource.  They also have some general community information such as local news, city service phone numbers, upcoming and past community events, board of directors and committee member information and much more. Lake Balboa Neighborhood Council's website is at

Brought to you by Jason Ian Hector
  • McLennan Ave. in Lake Balboa Sold for $387,500

  • Amestoy Ave. in Lake Balboa Sold for $323,000

  • Hart St. in Lake Balboa Sold for $318,000