So far this year, there are 4 homes on the MLS in the “active” status, and there has been one closed sale in Forest Creek. All 4 of the active listings are classified as “short sales” and I suspect that several of them will wind up being taken back by their lenders. Two of them were purchased in 2005 with 100% financing, and the others were refinanced with loans added to the original mortgage that now exceed today’s values.
Click Here for the latest activity in the Forest Creek neighborhood in Lake Forest California. (Be patient, it takes a minute to load!)