Riverside County Foreclosures Come Fully Loaded
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Published: Friday, May 08, 2009
Murrieta foreclosures and Temecula bank homes come in all shapes and sizes, with many including upscale amenities and large yards, perfect for that swimming pool or basketball half court you've always wanted. Thanks in part to the huge housing boom that skyrocketed these two communities from small town quaintness to high demand suburban destinations, the homes built in the last five to seven years are larger and come with the best upgrades, including granite countertops, dual master suites, multiple fireplaces and pool-sized yards.
These upgrades came with a price for the original homeowners, however. It should also come as no surprise that these higher priced homes have lost considerably more value than their less expensive counterparts. For homeowners that have refinanced and pulled out equity, these homes are more likely to enter foreclosure now and that means a large number of the Murrieta bank homes and Temecula foreclosures on the market today are newer, bigger and better than foreclosures you'll find in other parts of Riverside County.
Amenities, Amenities, Amenities
Some of the best new home amenities, like gorgeous granite and walk in closets, were once reserved for the most expensive houses and first time home buyers or even move buyers with little equity were forced to look at "fixers"and entry level homes that often lacked these sought after perks. But with home values falling 54% among Riverside County foreclosures, and nearly that high particularly among Murrieta and Temecula bank owned homes, even first time buyers are able to afford these upgraded homes.
As an example, one Murrieta bank owned property that originally sold for $650,000 recently closed escrow at $219,000. This home included five bedrooms, two fireplaces, three baths and beautiful hardwood floors and polished granite countertops. While it's true, the new owners have some fixing up to do, the bottom line is they were able to pick up a fabulous Murrieta bank owned home at a fraction of its original price.
Other sought after amenities include upstairs laundry rooms, dual walk-in closets, brushed nickel bathroom fixtures, ceiling fans in every room and larger square footages to accommodate growing families. Fortunately for buyers in the market today, there are plenty of these Riverside County bank homes available that meet all their needs at an affordable price.
ESoCalHomeSearch.com makes finding your next dream home fast and easy. Use our convenient search tool to view the many Southern California bank homes available and start living the good life today! Contact a foreclosure and bank owned home specialist at 1-951-415-3607.
Murrieta foreclosures and Temecula bank homes come in all shapes and sizes, with many including upscale amenities and large yards. The professionals at esocalhomesearch.com explain where to look for Riverside County foreclosures bargains.
Murrieta foreclosures and Lake Elsinore bank homes are bringing thousands of new residents to the Southwest Riverside County area, drawn by affordable prices and outstanding recreational facilities that offer something for everyone. From dog parks to equestrian centers, skate parks to skydiving, the foreclosure specialists at esocalhomesearch.com highlight some of the best amenities in the Southwest County.
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