Short Sale and Bank Owned Properties in San Clemente, Ca

As of December 29, San Clemente currently has 55 properties listed that are Bank Owned or are being offered as Short Sale properties out of some 500+ properties in total listed for sale. The properties can be viewed at San Clemente Bank Owned Properties .

Out of the 55 total described above, some 32 (almost 60%) are located in the newer area Talega of San Clemente.  These properties can be viewed at Talega Bank Owned Properties.

While just over 10% of all San Clemente listings are being offered as a short sale or bank owned, Talega is 6% of the total. Unfortunately, the new home community of Talega attracted many young buyers who got short-term interest only loans, sometimes for 100% of the original purchase price. With the upward index adjustment of those loans, many now cannot afford the new payment or cannot get a new loan as the home value is far less than the original purchase price. 

Some of the properties now listed in Talega are less than the purchase price of two years ago. With the current inventory of 154 properties in Talega being offered for sale, with 32 or over 20% being bank owned or going into notice of defaut, this just might be the time to invest in one of these gorgeous homes.

If you would like to view any of these properties, you can contact us via email at The Hartanov Team or call us direct at 888-541-3739. We would be pleased to assist you and give you professional guidance in the purchase of a short sale or bank owned property.

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