Getting a realtor that is experienced with short sales and bank owned properties is your best bet. I bought my home as a short sale. The process went smoothly because the property was on the market for a year and had already 2 other offers presented to the bank before mine.
There aren't any flooding issues presently but there is a debate about who is responsible for some of the drainage (golf course vs hoa). The golf course is still in the red, but the homeowners maximum exposure is $1,700 per year plus another $241 for water quality issues (arsenic levels creeping up).
Wild Wings is a beautiful community with some really nice people. The HOA is a bit controlling and does violate the civil code and its own cc&r's. You have to be willing to find out the rules on your own and push back against the hoa board members if you find yourself in their crosshairs.
The inventory is very low now, but you can still get a property between 300k and 425k depending on the location and condition.... more
There are 3 builders JTS, California Homes and DR Horton. Dr. Horton homes aren't the most attractive but they are the better built home. JTS homes have major cracks in the stucco, problems with plumbing leaks and roof leaks. Calfiornia homes have also had plumbing leaks.
There have been arsenic issues with the water quality and odors from the sewage treatment plant. The golf course is still losing at least 200 grand a year and the residents are supplementing this money loser.
The hoa board violates the civil code all the time and abuses homeowners that don't agree with them.
Wild Wings is actually a beautiful place to live, however the politics in this community are enough to make people not want to live here and more than a few homeowners have moved because of the homeowners association and the county service area lack of leadership and the personal agenda's of original owners that bought at the high end and are underwater with their properties. These people will lie to the community to keep their hands in our pockets just to keep of the image of an upscale golf course community. NOT... more