The Encinitas Short Sale from Hell: Closed

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by Roberta Murphy

Encinitas short saleEncinitas Short Sale that should never have been….

Kudos to the patient buyers of this Encinitas short sale, because they truly got a terrific deal ($890,000). It was group hug time Friday afternoon when we received confirmation that our 10-month short sale ordeal in Encinitas Ranch had successfully recorded and closed.

Welcome relief is also due the out of area young seller, who had been unwittingly pulled into a raunchy real estate transaction by a couple of sleazy mortgage brokers (one of whom was the seller) , a credit “packager” –and escrow, title and appraisal personnel who surely knew better than to facilitate such a sham.

Our first time home buyer-turned-seller from Los Angeles, with excellent FICO score (and no savings), was lured by the promise of buying an “undervalued” $1.2 million home (100 percent financing) in San Diego that he could profitably sell 6 months later–while someone else made the payments. It was to be his stepping stone to riches. Or so he thought.

Instead, it turned into 16-month nightmare:

. The “credit “packager” forged our client’s name and leased the property at under-market rent. He collected rents and deposits for about four months, until we listed the Encinitas home for sale. At that time, the tenants began paying rent to their attorney and barred us from showing the home. Now, we were dealing not only with a short sale, but a listing that could not be shown.

. Because we had priced the property aggressively, because Encinitas Ranch is a very desirable community, and because we marketed the home everywhere possible, we were able to secure 8 offers–ranging from ridiculous to credible. This in spite of the fact that the
tenants and their attorney would not allow anyone in to see the home.

. Foreclosure sale for this Encinitas home had to be stopped three times because the loss mitigation department of this major lender has a major interdepartmental communication problem.

Real estate commissions were slashed by the short sale lender, but that is nothing new. They also refused to pay HOA fees that were in serious arrears, the home warranty for the buyer, utilities in our name, and a list of other necessities required for closing. But sometimes achieving the impossible is almost worth more than monetary compensation.

Monday morning, I will order the sign removed from this Encinitas property, where it has probably set a record for the longest-standing Realtor’s sign in Encinitas Ranch.

The neighbors will breathe a sigh of relief–and so will we.

Listed below are other Encinitas Ranch homes listed for sale, with most recent offering showing first. If you have any questions, call Roberta or Scott Murphy at either 760-942-9100 or 760-613-6190.

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761 Lynwood Drive Encinitas, CA 92024

$1,625,000
4 Beds
4.5 Baths
4,888 SqFt
Status Active
MLS # 180038305
Property Type Single Family Residence
Hello, this home is a must see. Sitting high on a hill with a fabulous east panoramic valley view, this Encinitas Ranch home is pristine. When you first enter this house you will feel the comfort and see the exceptional upgrades few homes offer. The floor plan allows exceptional entertainment for family and guests. Every upgrade from the wood/stone flooring to the granite/marble counter tops are top of the line materials, no expense was spared. This property has been very well maintained. Pls read supment The home offers the finest quality, rich in taste and appointments. There are 5 sets of French doors, three fireplaces, dual stair cases, surround sound, ceiling fans throughout, full baths in every room, custom lighting, shutters, custom draperies, butlers pantry with wine cooler, electric shades in master bedroom, alarm system with cameras and a garage for 4 cars. Kitchen has beautiful Cherry cabinets with granite and all KitchenAid appliances, huge builtin refrigerator, 8 burner stove and tons of cabinets. The floor plan offers a great combo of the kitchen and family room for entertaining. The custom built back yard has builtin BBQ, fire pit, Pergola and a fabulous putting green. The community of Encinitas Ranch offers a championship golf course, walking trails of which, entry is two houses away and close to great shopping and dinning. Equipment: Garage Door Opener,Range/Oven. Heating: Combination Heating. Association Fee Includes: Common Area Maintenance. Market Area: Coastal North. Patio: Gazebo. Sewer: Sewer Connected. Residential Styles: Detached. Water: Meter on Property.

817 Lynwood Drive Encinitas, CA 92024

$1,599,000
6 Beds
3.5 Baths
4,434 SqFt
Status Active
MLS # 180042055
Property Type Single Family Residence
A truly stunning Encinitas Ranch home,in the heart of Encinitas, with an amazing backyard and beautiful canyon views! Having 4 bedrooms, 3.5 baths, 2 offices, and a huge bonus room, you will have no shortage of space! The first floor living is inviting with high ceiling rooms, wainscoting, crown molding, & warm rich wood floors. A large gourmet kitchen with a center island opens to an impressive family room, and looks out to the beautiful Pool, Spa, and cozy firepit. Close to shopping, I-5, beach, & more. Neighborhoods: Encinitas Ranch Equipment: Dryer,Pool/Spa/Equipment, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 15x14 Bed 3 Dimension: 13x13 Bed 4 Dimension: 13x12 Bed 5 Dimension: 21x14 Dining Room Dimen: 17x13 Family Room Dim: 19x17 Kitchen Dim: 16x15 Living Room Dim: 15x14 Master Bedroom Dim: 24x16

1172 Hampton Court Encinitas, CA 92024

$999,000 - 4Br/4Ba -  for Sale in Encinitas, Encinitas
Open House
$999,000
4 Beds
3.5 Baths
2,578 SqFt
Status Active
MLS # 180042848
Property Type Single Family Residence
REDUCED $100k Great cul de sac location in Encinitas Ranch w/golf course views! Seller/original owner had builder put in addt'l full bath upstairs & addt'l insulation. Freshly painted! Oak floors, plantation shutters & Hunter Douglas treatments. Open kitchen w/oak cabinets & center island. Family room w/fireplace. Master bath w/custom shower, tub & 2 big closets. Living room opens to porch. Private yard w/Hot Springs spa. Close to beach, golf, shops, dining, excellent schools, worship & more. $388/sq.ft.! Neighborhoods: ENCINITAS RANCH Equipment: Dryer,Fire Sprinklers,Garage Door Opener,Pool/Spa/Equipment, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 15X11 Bed 3 Dimension: 14X16 Bed 4 Dimension: 14X11 Dining Room Dimen: 14X10 Family Room Dim: 17X16 Kitchen Dim: 17X16 Living Room Dim: 16X15 Master Bedroom Dim: 17X18

753 Cypress Hills Drive Encinitas, CA 92024

$1,499,000 - 5Br/5Ba -  for Sale in Encinitas, Encinitas
Open House
$1,499,000
5 Beds
4.5 Baths
4,294 SqFt
Status Active
MLS # 180046214
Property Type Single Family Residence
Encinitas Executive Living at its Finest. Highly upgraded with wains-coating in entry, formal dining, living room and stair wells plus custom crown molding throughout. Beautiful finishes include travertine & wood floors, custom iron stair rails, granite counters in kitchen and all baths. One bedroom with full bath downstairs. Dual staircases. Enjoy social gatherings in the combination family room/kitchen great room. Features include cozy fireplace and built-in alder entertainment center. New carpet. Neighborhoods: Encinitas Ranch Complex Features: , Equipment: Fire Sprinklers,Garage Door Opener Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 11x17 Bed 3 Dimension: 12x13 Bed 4 Dimension: 11x10 Bed 5 Dimension: 10X14 Breakfast Area Dim: 15x7 Dining Room Dimen: 16x14 Extra Room 1 Dim: 26X14 Family Room Dim: 20x13 Kitchen Dim: 16x14 Living Room Dim: 13x14 Master Bedroom Dim: 30x14 Frontage Dim in Ft: 103

1188 Via Zamia Encinitas, CA 92024

$2,599,000
5 Beds
5.5 Baths
5,515 SqFt
Status Active
MLS # 180049171
Property Type Single Family Residence
Subject is one of 8 semi-custom homes designed by world renowned Robert Hidey Architects in the exclusive community of Sidonia at Encinitas Ranch. Only 3.5 mi from Moonlight Beach, features include 4 en suite bdrms in the main house , 3 fps, Casita w/bath & balcony, motor court w/4 car garage, extensive yard amenities including saltwater pool and spa, covered loggias, fps, fountains, firepit & meandering cement & flagstone walkways. Subject backs to the 15th green of the Encinitas Ranch Golf Course. Neighborhoods: Encinitas Ranch Equipment: Garage Door Opener, Vacuum/Central, Water Filtration Other Fees: 0 Sewer: Sewer Connected, Public Sewer Topography: LL, Bed 2 Dimension: 14x13 Bed 3 Dimension: 13x13 Bed 4 Dimension: 13x22 Bed 5 Dimension: 13x22 Dining Room Dimen: 14x18 Extra Room 1 Dim: 14x16 Family Room Dim: 21x22 Kitchen Dim: 23x21 Living Room Dim: 14x18 Master Bedroom Dim: 18x17

511 Paloma Ct Encinitas, CA 92024

$1,499,000
5 Beds
4.5 Baths
3,911 SqFt
Status Active
MLS # 180049523
Property Type Single Family Residence
Prepare to be in awe as you enter this spectacular bright and open home! Gaze upon the circular staircase with decorative wrought iron detailing, a large separate living and family rooms, dramatic floor to ceiling windows bathe the living spaces in natural light. The Chef?s dream kitchen features a plethora of cabinet and counter space, a large eat-at center island, double oven and a massive built-in refrigerator, plus a butler's pantry with wine cooler adds convenience to all your gatherings. Neighborhoods: Encinitas Ranch Equipment: Fire Sprinklers,Garage Door Opener Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 13x13 Bed 3 Dimension: 12x11 Bed 4 Dimension: 12x12 Bed 5 Dimension: 12x12 Dining Room Dimen: 17x11 Family Room Dim: 16x15 Kitchen Dim: 17x11 Living Room Dim: 17x15 Master Bedroom Dim: 15x17

1143 Alexandra Encinitas, CA 92024

$1,175,000
4 Beds
2.5 Baths
2,578 SqFt
Status Active
MLS # 180051474
Property Type Single Family Residence
Beautiful 4-bedroom 2.5 bath Encinitas Ranch home. The open floor plan offers stylish upgrades including gorgeous stone travertine flooring, rich hardwood flooring, updated gourmet kitchen with granite slab island, stylish cabinetry, walk-in pantry, custom fireplaces, designer paint, custom lighting & much more. Situated on a spacious view lot with a large well manicured professionally landscaped yard with a large patio. Situated on an elevated lot to maximize the surrounding views and a quiet Cul-De-Sac Neighborhoods: Encinitas Ranch Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 15x11 Bed 3 Dimension: 14x11 Bed 4 Dimension: 19x12 Dining Room Dimen: 14x10 Family Room Dim: 17x16 Kitchen Dim: 17x16 Living Room Dim: 16x15 Master Bedroom Dim: 18x17

831 Lynwood Drive Encinitas, CA 92024

$1,816,900
5 Beds
4.5 Baths
4,318 SqFt
Status Active
MLS # OC18225815
Property Type Single Family Residence
Discover STUNNING hilltop sophistication located in the highly sought after, beach close, community of Encinitas Ranch. This gorgeous move-in ready and FULLY UPDATED home exceeds every expectation to the uttermost detail and is situated on a cul-de-sac lot location with city light & hillside views! The residence is sited atop one of the last elevated Encinitas communities on a 9546 Sq.Ft. lot and features 5BD 4.5BA plus an upstairs bonus, main level den/office and 4,318 Sq.Ft. of decadent indulgence! With uncommon experiences at every turn, the home offers the finest indoor outdoor living elements including multiple glass french doors, timeless travertine and European Oak hardwood flooring throughout, luxury outdoor retreat with built-in BBQ, chef-inspired gourmet kitchen with custom quartzite countertops and full slab backsplash, extended cabinetry, and top end stainless steel appliances! Walk to Encinitas Ranch Golf Course and private hiking/biking trails! Award-winning San Dieguito Unified School District and minutes from the Carlsbad Outlets, Forums Shopping Center, major freeways and PCH! Shown by appointment only. Please text listing agent, Paul Kim, to schedule an appointment.

551 Samuel Court Encinitas, CA 92024

$1,379,900
5 Beds
5.5 Baths
3,248 SqFt
Status Active
MLS # 180052784
Property Type Single Family Residence
STUNNING FIVE BEDROOM HOME IN ENCINITAS RANCH! Ideally located within Encinitas Ranch is this highly upgraded home featuring everything you have been looking for! The home offers tons of natural light, soaring ceilings in the entry, a formal living and dining room, a spacious kitchen, a full bedroom with en-suite bathroom on the main level, a spacious and private backyard, and much more! Neighborhoods: Encinitas Ranch Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 11x14 Bed 3 Dimension: 14x15 Bed 4 Dimension: 11x13 Bed 5 Dimension: 11x12 Dining Room Dimen: 12x13 Family Room Dim: 16x20 Kitchen Dim: 14x20 Living Room Dim: 13x14 Master Bedroom Dim: 15x16

1193 Alexandra Lane Encinitas, CA 92024

$1,189,000
4 Beds
2.5 Baths
2,578 SqFt
Status Active
MLS # 180054921
Property Type Single Family Residence
**PRICE REDUCTION**Fabulous Encinitas Ranch VIEW HOME situated on a quiet cul-de-sac in the Devonshire community. Boasting one of the largest lots of the development, this home features newer wood flooring, impressive story windows with incredible golf course views, plantation shutters, and custom built-ins in the living room, family room, and master. Enjoy your private deck off the master suite and take in the views of the golf course, pond, & ocean. Watch the sun rise and the sun set from your new home! Neighborhoods: Encinitas Ranch Equipment: Dryer,Garage Door Opener, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 11x15 Bed 3 Dimension: 14x16 Dining Room Dimen: 10x14 Extra Room 1 Dim: 12x19 Family Room Dim: 16x17 Kitchen Dim: 16x17 Living Room Dim: 15x17 Master Bedroom Dim: 17x18

647 Lynwood Drive Encinitas, CA 92024

$1,725,000
6 Beds
4.5 Baths
5,044 SqFt
Status Active
MLS # 180055899
Property Type Single Family Residence
Welcome to the highly coveted community of Encinitas Ranch. Located minutes to the beach, world-class golf, shopping, restaurants and so much more! This stunning retreat is a beautiful showcase home! Complete w/private downstairs en-suite, detached multi-functional space located off entry/courtyard. Gorgeous details throughout including a sprawling spa-like retreat with extended seating area. Add'tl bonus rooms serve as the perfect office retreat, playroom, media/game room or hobby room. Neighborhoods: Encinitas Ranch Complex Features: , Equipment: Fire Sprinklers,Garage Door Opener, Range/Oven, Water Filtration Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 16x12 Bed 3 Dimension: 14x12 Bed 4 Dimension: 14x13 Dining Room Dimen: 14x13 Extra Room 1 Dim: 17x13 Extra Room 2 Dim: 10x7 Family Room Dim: 20x18 Kitchen Dim: 20x17 Living Room Dim: 15x14 Master Bedroom Dim: 20x15

1475 Spanish Bay Encinitas, CA 92024

$1,998,000 - 5Br/4Ba -  for Sale in Encinitas, Encinitas
New
$1,998,000
5 Beds
4 Baths
4,579 SqFt
Status Active
MLS # 180057860
Property Type Single Family Residence
Amazing former model home! If you are looking for ocean views from both floors, golf course frontage AND the most spectacular sunsets, look no further. This is a great family home that really has everything anyone could want, and it is super clean with high end finishes throughout.. There is one bedroom/bath downstairs and 4 up, including a huge master suite. Gorgeous chefs kitchen with rare Blue Macula granite and GE Monogram appliances. There is no carpet in the house...real stone and real wood only! Neighborhoods: Encinitas Ranch Equipment: Dryer,Fire Sprinklers,Garage Door Opener,Pool/Spa/Equipment, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL Bed 2 Dimension: 13x14 Bed 3 Dimension: 13x14 Bed 4 Dimension: 13x12 Bed 5 Dimension: 13x11 Dining Room Dimen: 14x15 Family Room Dim: 28x18 Kitchen Dim: 12x16 Living Room Dim: 18x14 Master Bedroom Dim: 26x20

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6 responses to “The Encinitas Short Sale from Hell: Closed

  1. Congratulations are in order to you, Roberta Murphy, for a job well done in closing the short sale from hell. Ten months in escrow…that was one, big overdue baby! A great feel-good ending to what appears to have been an excruciating, nightmarish experience.

  2. Robin:

    Thank you! It will feel so good not waking so early to call WAMU back east at 6 a.m. Encinitas Ranch will also be immensely relieved to have wonderful new neighbors.

  3. San Diego short sales and foreclosures are becoming far too commonplace. Fortunately, some of the lenders are now aggressively trying to save many of the defaulted San Diego homeowners.

    Somehow, I think Santa Barbara will not be quite as hard-hit with foreclosures and short sales as the inland areas of San Diego.

  4. Great job hanging in there. I, too, just hung on to two short sales and incurred some of the same lender problems. I continue to work these deals in Santa Barbara and find that they are going more smoothly and slightly faster. The interdepartmental communication can be the worst! Utimately, getting it done is what matters. Your communication skills were put to great task. Congrats!

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