The Talega area is rich in short sale deals and the Terra Linda community is no exception. Terra Linda is a great place to find large two story Spanish and Mediterranean style homes in the low $600,000 range. When it comes to short sales it helps to have an approved price from the bank. Often times real estate agents will advertise their listing as "Approved Short Sale." Basically, this means that they had a previous offer that was submitted to the bank at a certain price. The bank reviewed both the offer and seller's hardship and approved the buyers offering price. This is what we call an "Approved Short Sale." The reality is that short sales take a long time from start to finish and approval's can take anywhere from a couple of weeks to 6 months. During this time a lot of buyers find other properties to buy and bail out by the time the bank approves their offer. The good news is that if you are making an offer on a home that already has an approved price from the bank the waiting time will be much shorter. If you are looking for a large home in a quality neighborhood in Talega, San Clemente we highly recommend the Terra Linda community. Currently, there is one home for sale with approved short sale price of $620,000.