Ladera Ranch Short Sale Homes

June 28, 2012 sarah Fitness

Ladera Ranch homes that are selling as a short sale or bank foreclosure often represent a great way to get a deal on a home. Both Ladera Ranch short sale homes and bank owned properties are very complex transactions and having experienced representation is imperative.

What is a short sale home in Ladera Ranch? A Short Sale is the sale of a home when sales proceeds are not sufficient to pay off the existing loan(s) but the lender(s) accepts a discounted payoff to fully satisfy the loan. A lender would usually rather negotiate a settlement today with a Short Sale than be forced to incur the expense of a foreclosure later. Consider this: the lender wants to limit their losses in the future just as badly as you do.

A lender is often less likely to want to repossess (foreclose on) an Orange County home that needs work-it would make it harder for them to sell it later. Lenders are not in the “home repair” business. They do not want the responsibility. A home in rough shape may serve as an incentive for a lender to do a Ladera Ranch Short Sale.

Officially, Ladera Ranch is an unincorporated planned community. It is found in the southern section of Orange County, near the cities of San Juan Capistrano, Rancho Santa Margarita, and Mission Viejo. As a well-planned community, Ladera Ranch has introduced a number of special features that set it apart from most others. In Ladera Ranch, for example, the planners thought well ahead and implemented effective speed-reducing measures on a large number of roads used in the area. Residents will find that roundabouts are commonplace at many smaller or less-utilized intersections. In addition, the street widths of Ladera Ranch’s smaller residential roads are uniformly narrow. In addition, aesthetics have not gone unnoticed. Beautifully landscaped street medians are also very common in Ladera Ranch.