Five Rancho Santa Margarita homes in judicial foreclosure are scheduled to hit the auction block this week.
3 Vista Sierra x in Vista La Cuesta. Auction Date: 01/23/2008. This property does not show as currently listed on SoCal MLS. The seller purchased the property in December of 2005 for $525,000.
7 Via Amor in California Tesoro. Auction Date: 01/23/2008. This property shows as currently listed in Backup Status on the SoCal MLS as of today.
27 Calle Fortuna in California Tesoro. Auction Date: 01/23/2008. This property is not currently listed on SoCal MLS
5 Paseo Dalia is a Castile home in Central RSM. Auction Date: 01/24/2008. The seller purchased this property in June of 2005 for $598,000.
11 Bayleaf x is a Vista Colina (Model C) in Vista Ladera. Auction Date: 01/24/2008. The seller purchased the property in November of 2005 for $659,900. It is currently listed on SoCal MLS as a short sale with a value range of $515,000 – $550,000.
A judicial foreclosure occurs when a lender files a suit against a borrower with the goal of obtaining a court ordered foreclosure, while at the same time seeking the right to receive a deficiency judgment. Buyer beware! It is important to note that in some cases a seller may have the right to redeem the property for a period of up to one year.
For additional information on these or other properties please feel free to contact me.
**The above information is compiled from numerous sources and no representation is made as to it’s accuracy.