Mission Viejo Homes for Sale – Market Update

by leslie on October 15, 2008

in Mission Viejo

Mission Viejo REO Homes for Sale

As of this post, there are 25 active REO homes for sale in Mission Viejo.  36 Mission Viejo REOs are already in escrow.

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These range from a $185K 1 bedroom 1 bath condo in the Las Palmas complex to

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a 5 bedroom 3 bath almost 3000 square foot home in Pacific Hills for $745K – that’s $250 a square foot!  What a deal!  And this one look to be clean and undamaged in a major way.

My pick for the day is a single story single family detached home in the La Paz South tract.

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This home has been on the market since March when it was a Short Sale listed at $699K – during this time there was no lock box and limited access to show the property.  Prior to that it was listed at $780K.  The bank’s loss is your gain!  Expect, at a minimum, some cosmetic work will need to be done, and as always, get a thorough home inspection in order to avoid as many pit falls as possible!

Remember the Top Tips for going after an REO listing – and go for it!  Just make sure you have your financing in place with a lender who is on top of today’s changing market – and a great Realtor.  This is the market where Real Estate fortunes are made – be one of the winners!  Get a great deal on a Mission Viejo REO home for sale today.



Article by Leslie Eskildsen

Leslie has written 61 articles on this blog.

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