The foreclosed homes in Lake Forest have slowed in recent months, probably due to the new California law that requires lenders to document their attempts to work out the loans with the delinquent borrowers. Today, there are only 35 REO homes in the active status on the MLS.
Several Lake Forest II neighborhoods have had recent real estate activity, but, like the rest of Lake Forest, most of the sales have involved "distressed" properties - either short sales or foreclosed homes. Even though the national election is behind us, real ...
Sales in the Ranchwood neighborhood in Lake Forest this year have been dominated by distressed (short sales or bank-owned) homes so far, but these sales don't show the "pride of ownership" ...