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.