Here's the updated MLS report for the Mission Delmonte housing tract here in Camarillo. No more news on the Quailridge property, as it did not revert back to the bank.
Also, I have a Short Sale listing that is identical to the Quailridge and still available for showings:
Property details can also been seen on the link below:
The short sale market is about to get very interesting. It is being reported that over 50% of all the loans that have received modification are ending back up in default. This will either encourage the banks to cooperate on short sales or it will definitely drive more properties into the REO market.
I reviewed the information on the MLS pertaining to this property. I believe, from the information I read, that the Owners may be in the process of modifying their loan OR they may actually still be awaiting lender approval of the short sale. The property has NOT reverted back to the Lender (World Savings on the 1st and 2nd Liens). Agent Remarks said "Show cold with confidence. PLEASE DON'T LET THE CATS OUT. Short Sale: Price and terms subject to Lender approval". I will call tomorrow to see if I can find out more details. In the interim, here's the LAST MLS detail report:
And, here's a link to ALL the listings (from '06):
Also, here's a current Market Snapshot for similar homes near the Mission Delmonte tract in Mission Oaks: