Rancho Santa Margarita Bank Owned Foreclosures & REO Properties
Looking for a bargain home in Rancho Santa Margarita for your family or an investment? Bank foreclosures, bank owned or REO's homes may be the best opportunity to purchase a home in Rancho Santa Margarita at a below market price. Feel free to browse the current inventory of Rancho Santa Margarita bank foreclosures and sign up FREE for daily updates to ensure you receive all the new bank foreclosure listings right as they become available-updated daily. Read more about Rancho Santa Margarita Foreclosures
Nice 3 bedroom 2.5 bath home needing some Updating. It features plantation shutters throughout the house. There is a walk in pantry in the kitchen and a brick fireplace in the family room. Backyard boasts an inground spa and a patio deck. Ideally located close to community park and pool. Near the RSM lake and the swimming lagoon. There is only one HOA which includes 4 pools, tennis courts, parks and picnic areas.
Charming 2 bedroom, 2 bathroom condo with 1 car garage and 1 carport. Located in La Ventana community built in 1990. This property features a fireplace and vaulted ceilings.
More About Rancho Santa Margarita Foreclosures
Costly Mistakes To Avoid When Buying A Rancho Santa Margarita Bank Owned or Foreclosure Home:
Not all foreclosures are a bargain
Overbidding, some properties are priced low but are bid higher than "market" value
No inspection necessary, we always recommend buyer's to conduct an inspection
No clear title, unpaid liens after closing can be a very unpleasant circumstance for a new owner
Not enough cash budgeted for closing costs, fees and unforeseen expenses
Not asking questions about all relevant permits, past due association assessments or dues
Experienced representation is very important in negotiating and buying a bank foreclosure. Unforseen circumstances can change a good deal into a not so good deal. Due to the high demand for foreclosures and the complexity of short sales, it is extremely beneficial to have Real Estate professionals who are experienced in getting your offer through while negotiating the best possible price along with protecting your interests throughout the escrow process. We are dedicated Realtors who have years of experience in negotiating the purchase of distressed properties. Please feel free to contact us for valuable insight on how to buy a bank foreclosure and/or short sale.