The preliminary numbers of troubled loans in the Lake Forest II neighborhoods show that no neighborhood is exempt!
The preliminary numbers of troubled loans in the Lake Forest II neighborhoods show that no neighborhood is exempt!
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.
[googlemaps http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&msid=105101591635356472650.00000111c432f652d45be&t=h&s=AARTsJqAxaJVcyseDTiPASL-9RO7tsZUwQ&ll=33.639847,-117.69443&spn=0.006253,0.00912&z=16&output=embed&w=425&h=350] There are currently 5 active listings in The Woods neighborhood. Two of them are bank-owned, 2 are short sales, and 1 is a traditional owner occupied listing. The 2 bank-owned homes are priced at $519,900 and $630,000. The one at $519,900 was in escrow, but fell out yesterday. The other bank-owned home appeared to ...
Lake Forest II homes are not immune to the conditions of the real estate market. So far this year, 35 (1% of the total HOA) bank owned (REO) properties have been offered for sale in Lake Forest II. Today, we have 6 homes available in the active status, 8 in escrow, 1 on hold, and 20 that ...
[googlemaps http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&msid=105101591635356472650.00045758806104f43f143&t=h&s=AARTsJpAGnR0Fd3A_LySng_KfG55P5Ze7A&ll=33.646171,-117.69825&spn=0.005805,0.00751&z=16&output=embed&w=350&h=325] It looks like the first closing in the Oaks neighborhood this year will be a bank-owned home. It is one of the 4 bedroom single story homes that came on the market on August 22, priced at $474,900, and went in to escrow on September 15. Since it was on the market more than ...
After 6 months of no activity in the ParkPlace neighborhood, we finally have a new listing! Unfortunately, it's a bank-owned foreclosure that backs in to the corner of Lake Forest and Serrano. The list price is $549,900 which isn't too bad for a 2600 square foot home with a pool. I haven't looked at it ...
There has still been only one closing this year in the Ranchwood neighborhood. There are currently 3 homes in escrow: 2 bank-owned homes and 1 short sale that has been waiting for lender approval since mid January. The 2 active listings are both short sales. Ranchwood Homes Sales Report
Lakeside Park currently has 6 active listings on the MLS - 5 of them are short sales, and one is a bank-owned foreclosure. Of the 4 properties in escrow, 3 are bank-owned and one is a short sale. The closings have all both been foreclosed properties so far this year.