The Camino Del Sol home, left, and the Lago Drive townhouse are owned, at least for now, by the Rancho Murieta Association.
Two foreclosed homes in Murieta North -- a townhouse on Lago Drive with a view of Laguna Joaquin and a two-story single-family home on Camino Del Sol -- have something else in common. Both are owned by the Rancho Murieta Association and they're being rented to recoup unpaid homeowners association fees.
"If someone doesn't pay their HOA fees, the association is allowed to (pursue) what they call nonjudicial foreclosure," RMA General Manager Nick Arther explained in a phone interview Thursday. Read more » about Who owns these rental homes? You might be surprised