It's long been known that some of the best deals on home can be gotten through the short sale process. Don't be fooled, short sales are not fast (contrary to the name). A short sale is actually a "short payoff", meaning the home is worth less than is owed on the loan and the seller is requesting that the bank let them sell it at less than is owed because of a hardship.
Short sales can take from one month to six months to be approved by the bank depending on the situation and there is no guarantee the bank will agree to the short sale. However, if you're patient you can often times get the best deal with a short sale.
The newest Canyon Lake Short Sales are listed below for you to review or you can use our search box up above to look for other great Canyon Lake distressed properties and homes for sale.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.