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

Rancho Santa Margarita Foreclosure Listings

All Listings $500,000 - $700,000
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$524,900
 

70 Morning Glory, Rancho Santa Margarita

3 Beds, 3 Baths, 1,422 SqFt
BACK ON THE MARKET! Welcome to this lovely 3 Bedroom, 2.75 Bath Townhome in the desirable Sonoma Court Complex. This light and bright home offers vaulted ceilings, an open living area, lots of natural light, hard wood flooring downstairs, a separate laundry room, a large 2 car attached garage with direct access, and a main floor bedroom. The spacious master bedroom has vaulted ceilings, and an ensuite bathroom with dual sinks. HOA amenities

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.

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