Short Sale Information

Generally, San Clemente real estate is synonymous with high end luxury, and subsequently high-end prices. But what if you knew exactly where to look to find the rock-bottom, pinch-yourself-to-make-sure-you're-not-dreaming prices that for some reason everybody else had missed? What if you could find a way to buy property from someone who didn't mind selling at a sizable loss?

Well, that is exactly the opportunity you have with San Clemente short sales and lender owned properties. In fact, pretty much the only way you're going to find anything under $300,000 in San Clemente is through a short sale or REO (Real Estate Owned by lender).

First things first, here's exactly what happens when a house or condo falls into the realm of REO, just in case

If you're looking to add a beautiful Oceanside property to your real estate investment portfolio, then you will want to learn more about San Clemente, California. Known as the Little Spanish Village by the Sea, this luxurious coastal community is like a plump peach hanging low to the ground, just asking to be plucked and enjoyed.

As you continue reading, there are three outstanding reasons why you should invest in this community.

Listing Prices Are at an All Time Low

It's no secret that the housing market has been down in the dumps for several years now. While some of the bigger cities in otherwise rural states are showing signs of recovery, San Clemente is still a heavy buyer's market. Realtors are reporting shockingly low listings left

This beautiful 3,756 square foot Catania home in Talega with a graceful wrought iron curved staircase features 4-bedrooms and 5-bath. Offered as Short Sale by Britt Cottrill of The Hartanov Team.

The gated community of the 109 Catania homes, built by Standard Pacific Homes, are among the rolling hills of Talega. The seven 2-story Catania designs reflect the elegance of contemporary living in Talega. Catania homes range in size from 2,873 to 3,756 square feet with 5-6 bedrooms, 3 - 5.5 baths and other builder options. Many Catania homes enjoy views of the surrounding hills, the ocean and the Talega golf course.

To view photos and more detailed information about this Catania home in Talega, offered at $859,000, can be viewed at 50 Via Cartama, San

There were 51 new foreclosures in the 92673 zip code and 28 new foreclosures in 92672, for a total of 79 new foreclosures in San Clemente CA. 1 in every 279 housing units received a foreclosure filing in June.  

San Clemente CA Foreclosure Geographical Comparison

The San Clemente CA foreclosure rate was 0.19% above national rates, 0.04% below California rates, and 0.08% above Orange County rates in June.

San Clemente CA Foreclosures By Month

The number of bank-owned homes decreased from 12 homes in May

New listed in San Clemente is this beautifully upgraded, turn-key home in the Caprizi neighborhood in Talega. Talega amenties include a club house, 4 community pools, sports courts, miles of hiking trails, parks and community events. Talega also has one of the finest public golf course in Orange County, as well as it's own Talega Village Shopping Center.

 
This lovely home, located at 36 Via Adrian in Talega, offered at $699,000,
is situated on the canyon and has unrestricted views. This home has 4 bedrooms with loft and is located on a cul-de-sac street. It has a gourmet kitchen with granite countertops and stainless steel appliances. Walk in to gorgeous hardwood floors, crown molding and plush carpeting. This gorgeous home has so many

Buying a San Clemente foreclosure property can be a great deal. They are often priced well below market value and therefore of interest to many buyers.

If you're like me, you have been bombarded with offers for FREE lists of FORECLOSURES. The only catch is you have to pay a fee for their FREE list.

Don't be taken advantage of. I want you to know, YOU DO NOT HAVE TO PAY FOR THESE LISTS! We're glad to provide you a list of foreclosure properties for sale with NO strings attached. Simply complete the search form on our website and choose 'REO-Bank Owned', then save your search. You'll receive a list via email of new foreclosure properties as they hit the market.

Also of interest may be Fannie Mae's HomePath Loan Program offering loans on Fannie

Southern California leads state in total foreclosures for the first quarter
Five counties in Southern California led the state in total foreclosure activity during the first quarter. Los Angeles County documented more than double the activity of its nearest competitor, totaling 46,452 properties with foreclosure filings for the quarter. Riverside County was second, reporting 22,719 properties with foreclosure filings. Reporting 18,279 properties with foreclosure filings for the month, San Bernardino County came in third. San Diego County was fourth, reporting 16,570 properties with foreclosure filings. Fifth highest total was Orange County, where 12,841 properties with foreclosure filings were reported for the quarter.

State the nation’s largest

February 2010 statistics show San Clemente had 708 new foreclosures with an average foreclosure sales price of $679,196, according to RealtyTrac.com.

There were 47 new foreclosures in the 92673 zip code and 61 new foreclosures in 92672, for a total of 108 new foreclosures in San Clemente. 1 in every 204 housing units received a foreclosure filing in February 2010.

San Clemente Foreclosure Geographical Comparison

San Clemente foreclosure rate was 0.25% above national rates, 0.02% below California rates, and 0.16% above Orange County rates.

San Clemente Foreclosures By Month

Foreclosure activity decreased in February with the number of bank-owned properties up from 25 to 9 and pre-foreclosure numbers decreasing from 54 to

If you are a financially distressed homeowner and are considering a Short Sale of your home, find out your options and Short Sale benefits on this video.