I'm pleased to report the successful negotiation of the short sale for a condo in the California Tesoro Homes in Rancho Santa Margarita. This was a complicated negotiation due to the fact that there was a 1st trust deed with a major bank as well as a 2nd trust deed with a credit union. My team was successful in getting both lenders to come to agreement and settle the short sale. The unit is a 3 bedroom 2.5 bath unit with 1400 square feet. Although the building appears to be a condo it is actually an attached single family residence. The selling price was $340,000 and was financed through FHA If you'd like more information or would like a FREE home valuation, feel free to contact me by phone, text or email. 04/13/2012

This week's new listing is an attached single family home in the California Tesoro tract of Rancho Santa Margarita (RSM).  This home is unusual for RSM in that most are detached houses or attached condos and town homes.  The units of this tract are more like a duplex with two units per building with one common wall. This split level home has nearly 1600 sq ft of living space including 3 bedrooms and 2.5 baths.  The upper level features the master suite with walk in closet, living room, dining room and kitchen while the lower level has 2 bedrooms, 1 bath, family room with back yard access and a door to the garage. This is a short sale listed at $349,000.  For complete information, click here to see the listing for 4 Calle Fortuna, Rancho Santa Margarita. There is no local association so ... 10/06/2011

California Tesoro is a 194-unit Rancho Santa Margarita housing development built by Kaufman Broad in 1995-1996. There are three models, all of which have 2 car garages:El Diamante: 3 Bedroom, 2.5 Bathrooms, 1306 square feetLa Jolla: 3 Bedroom, 2.5 Bathrooms, 1573 square feetDel Oro: 4 Bedroom, 2.5 Bathrooms, 1801 square feetCalifornia Tesoro is conveniently located in close proximity to Arroyo Vista Park and Arroyo Vista School.*** Here is an MLS Market Snapshot of homes currently on the market, homes that are in escrow or with sales pending, and homes that have sold in the past three months *** As of 9/02/2007 there are currently three homes listed for sale in California Tesoro (SoCal MLS). This does not include For Sale By Owner transactions not listed in the MLS.Four homes have sold ... 09/03/2007