Short Sales in Rancho Santa Fe, California

SHORT SALES are in every community, including the exclusive San Diego coastal community of Rancho Santa Fe. A "short sale" can happen when a property has little or no equity, that is, the seller owes at closing time more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a "short pay" or "short sale." If you are in the market for a good deal, you might want to look at these listings, while they are still available.

Cielo - 5 bdrms/5 baths, 6,729 sq. ft.

• Original List Price: $2,700,000
• Current List Price: $2,000,000
• Current Mortgage: $multiple loans with Countrywide

Circo Diegueno - 4 bdrms/4 baths, 4,968 sq. ft. on 2.61 acres

• Original List Price: $3,200,876
• Current List Price: $2,699,000
• Owner Purchased for: $1,925,000 in 12/2003

Rancho Santa Fe Covenant - 5+ bdrms/5 ½ baths, 6,421 sq. ft. on 3.14 acres

• Original List Price: $4,995,000
• Current List Price: $3,950,000
• Owner Purchased for: $1,550,000 in 8/1997

Cielo - 6+ bdrms/6 baths, 9,820 sq. ft. on 3.01 acres

• Original List Price: $2,799,000
• Current List Price: $2,799,000
• Current Mortgage: $2,769,000 with Washington Mutual

Fairbanks Ranch - 8+ bdrms/9 ½ baths, 14,121 sq. ft. on 1.87 acres

• Original List Price: $7,500,000
• Current List Price: $7,500,000
• Owner Purchased for: $6,450,000 in 8/2006

The Bridges - 5 bdrms/5 ½ baths, 5,671 sq. ft. on .65 acres

• Original List Price: $3,272,500
• Current List Price: $2,674,000
• Owner Purchased for: $2,910,000 in 8/2005

Whispering Palms/Morgans Run - 2 bdrms/2 ½ baths, 1,740 ft.

• Original List Price: $725,000
• Current List Price: $760,000 (per bank's approval)
• Mortgages: $902,000 & $98,000 Countrywide 4/2007

Alcala in Morgan's Run - 3+ bdrms/2 ½ baths, 2,479 sq. ft.

• Original List Price: $750,000
• Current List Price: $750,000
• Mortgages: $800,000 & $99,000 Bank United & Wash Mutual in 4/2006

Information is provided by Sandicor and believed to be reliable, but not guaranteed and subject to change without notice.

If you are interested in viewing short sale listings in other communities, please contact Susan at (858) 245-9905 or visit our website at www.RSFHome.com.