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Short Sale Homes for Sale in Lake Elsinore: Find a Bargain Today

It is understood that the foreclosure rate in the United States is at an all time high, which is why now is a great time to purchase Short Sale Homes for Sale in Lake Elsinore and get an incredible property at a price that is a real bargain. First and foremost, it is important to understand exactly what a short sale is. A short sale is when a bank is willing to sell a home in foreclosure directly to you, the buyer. The bank is willing to take a price that is usually a bargain. The reason that the bank wants to make the short sale is that it frees up the assets that they have invested in the home and it saves the bank the cost of the foreclosure. Currently, there are 97 listings for short sale properties on our free MLS ranging in price from $39,000 to $276,000.

MLS#: C11160429

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Price:

$240,000

Address / City / Zip Code:

40936 Diana Lane - Lake Elsinore - 92532

Bedrooms / Bathroom / Square Feet:

5 / 3 / 3882 sqft

Realtor Comments:

The home offers 3,882 square feet, 5 bedrooms, 3 bathrooms and a 3 car garage. Features include formal dinning room, open kitchen with island, family room with cozy fireplace, main floor bedroom and bathroom, large loft and spacious master bedroom with retreat and large walk in closet.

MRMLS Listing Courtesy Of:

FIRST CLASS REALTY

For More Information:

Contact Joe McDermott

MLS#: T11029752

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Price:

$202,112

Address / City / Zip Code:

15317 Spyglass Drive - Lake Elsinore - 92530

Bedrooms / Bathroom / Square Feet:

5 / 3 / 2539 sqft

Realtor Comments:

"Short sale. Preapproved List price by the Lender". Five bedrooms and three full baths (1 bedroom and a bath downstairs). Living room with a formal dining, family with fireplace, large kitchen, Central heating and cooling, plus three car garages.

MRMLS Listing Courtesy Of:

First Team Real Estate, Tem

For More Information:

Contact Joe McDermott

MLS#: T11165214

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Price:

$208,000

Address / City / Zip Code:

52995 Astrid Way - Lake Elsinore - 92532

Bedrooms / Bathroom / Square Feet:

4 / 3 / 2710 sqft

Realtor Comments:

SHORT SALE... BANK APPROVED AT $208,000...MAKE A REASONABLE COMPARABLE BASED OFFER...TRULY TURNKEY, IMPRESSIVE FOX AND JACOBS BUILT HOME. YOU WILL BE PLEASED. CLOSE ESCROW AND MOVE IN!! FULLY LANDSCAPED FRONT AND BACK YARDS. GREAT CURB APPEAL. FRONT ENTRY OPENS UP TO THE LIVING ROOM. FAMILY KITCHEN, DEN AND HALF-BATH COMPLETE THE DOWNSTAIRS. STAIRS ARE SITUATED NEAR THE KITCHEN AND EATING AREA. INTERIOR PAINT IS CLEAN, UPDATED BRIGHT MODERN COLORS. LARGE MASTER BEDROOM WITH MASTER BATH AND WALK-IN CLOSETS UPSTAIRS. THREE OTHER BEDROOMS, A COMMON BATHROOM AND A LARGE LINEN CLOSET COMPLETE THE UPSTAIRS. PROPERTY IS BEING SOLD IN "AS IS" CONDITION WITH NO ADDITIONAL REPAIRS OR WARRANTIES.

MRMLS Listing Courtesy Of:

Tarbell Realtors-Lake Elsinore

For More Information:

Contact Joe McDermott

Short Sale Properties for Sale in Lake Elsinore CA Can Be Yours

There are a few different strategies to go about purchasing a short sale. The first way is to contact a bank directly and ask their financial officer for their most up to date list of properties that they are willing to sell. Some banks will give a potential buyer this information and others will not. A more feasible option is to work with a real estate agent who is familiar with working with short sales, such as Joe McDermott. There are many different options to go about purchasing a short sale home, but it is worth the research to get a home at a great price, and we at CENTURY 21 Preferred can make it happen. can make that a reality. have the know-how to put you in a fantastic home.

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