Orange County Real Estate Blog» Rancho Santa Margarita – Foreclosure, Bank Owned Homes

Rancho Santa Margarita Bank Foreclosure Real Estate report.

vbindi — Sat, 31 Dec 2011 21:35:02 +0000

This article was written by the Distressed Property team at eVantage Real Estate, who specialize in short sale and bank owned homes here in Rancho Santa Margarita . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to Bank Owned foreclosure properties. Currently, there are 95 detached homes listed for sale in Rancho Santa Margarita , California. The median price of these homes for sale is $528,400 and the average price per square foot is $244 . 10 of these active listings are Bank Owned REO’s, which represent 11% of the total inventory of detached homes for sale. The median price of these bank foreclosure properties is $529,900 and the average price per square foot is $234 .

For homes under contract, there are 82 detached homes in escrow on this date, and the median price is $500,000 . Of this total, 6 are bank foreclosures in escrow, which is 7% of the total detached properties in escrow in Rancho Santa Margarita , and the bank owned property median price in escrow is $409,500 .

In the past 3 months, there have been a total of 92 detached homes that have sold and closed escrow in Rancho Santa Margarita . The median price was $502,000 and the average price per square foot was $239 . Of this total were 11 were Bank Owned properties in the city of Rancho Santa Margarita in the past 3 months. This number of sold bank foreclosures is 12% of the total. The median price was $455,000 , and the average price per square foot was $231 .

If you would like more info regarding bank foreclosure properties for sale, click the following link to visit our website at: Rancho Santa Margarita Bank Owned Homes & Condos. If you would like to speak with a real estate professional, or see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

Rancho Santa Margarita Bank Foreclosure Real Estate report. is a post from: Orange County Real Estate Blog

Rancho Santa Margarita Bank Owned REO Condo — Hot Buy!

Vincent Bindi — Wed, 16 Jan 2008 20:43:00 +0000

Price (subject to change): $311,000
Type: Attached Condo
Bedrooms: 2
Baths: 2
Living Area (SqFt): 958
No. of Garages: 1
Stories: 1
Year Built: 1990
Lot Size (SqFt): smaller
City: Rancho Santa Margarita
Tract: Casifina
Street: Santa Agatha
School District: Saddleback Valley Unified

Property Description:

This beautiful 2 bedroom, 2 bathroom condo in Casafina project, includes a fireplace and association pool and spa. Few blocks from Lake Santa Margarita. Beautiful Spanish clay tile roof, and stucco exterior. Close to shopping areas, parks, and schools.

Financing: Conventional financing with 10% or 20% down is available. Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000.

Contact: To view this Bank owned REO home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this Bank owned REO property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com

Rancho Santa Margarita Bank Owned REO Condo — Hot Buy! is a post from: Orange County Real Estate Blog

Bank Owned Foreclosure Home – Large Yard – Rancho Santa Margarita

Vincent Bindi — Tue, 23 Oct 2007 21:26:00 +0000

Price (subject to change): $525,900
Bedrooms: 3
Baths: 3
Living Area (SqFt): 1,400
No. of Garages: 2
Stories: 2
Year Built: 1998
Lot Size (SqFt): 3,900
City: Rancho Santa Margarita
Area: Las Flores
Tract: Traditions
Address: 58 Legacy Way
School District: Capistrano Unified

Property Description: This home was taken back via Foreclosure and is now owned by the Bank. Beautiful three bedrooms and three baths home that is made for entertaining. The kitchen has custom maple cabinetry, corian counter tops, and a walk-in pantry. The first floor of the home has custom ceramic tile. The home has a wrap around yard with custom concrete and flagstone. There is a great fire pit for night time fun enhanced by custom lighting.

Financing: Two sources of Government Subsidized loans are available to purchase this low priced home with Zero Down payment. One of these 100% Financed loans offers 6.5% Fixed interest rate, and one needs to be a first time home buyer. The other Zero Down loan offers 6.9% Fixed interest rate over 30 years, and does not charge PMI, and one need not be a first time home buyer. The Bank does not want to own this home.

Contact: To view this Bank Foreclosed home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this REO bank owned foreclosure property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com

Bank Owned Foreclosure Home – Large Yard – Rancho Santa Margarita is a post from: Orange County Real Estate Blog

Bank Owned Condo for Sale in Rancho Santa Margarita

Vincent Bindi — Tue, 27 Feb 2007 18:51:00 +0000

This Bank Owned REO property was just listed for sale for $276,000 and is a 1 bedroom, 1 bath with a 1 car detached garage. It is located in the very desirable Tijeras Creek Villas which is adjacent to the Golf Course. It have a spacious living room with a fireplace and includes a stackable washer and dryer. Kitchen appliances are newer and the counter tops ore tiled, but needs some painting. Located close to the intersection Antonio and Banderas.

The association dues are about $170 per month and the city of Rancho Santa margarita has a small due of about $46 per month. The Mello-Roos is low for the area and the association includes a swimming pool. You will also have access to the Rancho Santa Margarita Lake.

This bank repossesed home was listed for sale on Feb 26, 2007. This condominium would qualify for the CalCHFA loan program for First time home buyers. This little known government subsidized loan program, allows one to purchase a home with Zero Down with today’s 5.65% fixed interest rate amortized over 30 years with no negative amortization. Click on the following link to view all Condos for sale in Ranch Santa Margarita. If you would like a complete list of foreclosed homes for sale in Orange County, visit www.OCBaargainHomes.com

Bank Owned Condo for Sale in Rancho Santa Margarita is a post from: Orange County Real Estate Blog