There are definitely easier ways to purchase a home than going through the lengthy process usually associated with buying a short sale. But if you’re a buyer that’s in absolutely no hurry, who has a great deal of patience, a sizable down payment and excellent credit – a short sale may be an option worth considering.
In Rancho Santa Margarita’s gated Lyon Monterrey Estates there are currently two active listings, both of which are short sales.
6 Santa Sophia, Rancho Santa Margarita:
- 6 Bedroom / 4 Bath / 3 Car Garage
- 3325 square feet
- Listed at $724,900
- Current days on the Market: 47
- 26 Santa Inez – a model match with superior upgrades – sold in March 2008 for $760,000*
* The sale of 26 Santa Inez should motivate the Lender or Lenders involved to seriously consider offers well below the list price
7 Santa Nella, Rancho Santa Margarita:
- 5 Bedroom / 3 Bath / 3 Car Garage
- 2900 square feet
- Listed at $749,900
- Current days on the market: 36
- 16 Santa Gustavo – a model match is currently in escrow (accepting back up offers) with a list price of $729,900. The original asking price in February 2007 was $889,000
