No REO, owners were in financial trouble and downsized. It is 3831 sf., the previous owners didn’t take care of anything…I replaced three of four flappers on toilets-how can they stand toilets running all day??? Replaced kitchen faucet, repairs galore, but none were huge. A little paint, wallpaper teardown, we are almost there. We are at the end of Carmel Mountain Road, a place called Villa Panacea, and yes, NO homeowners! Some of the homes back to the freeway, ours is one of the farthest from the freeway, but you can still faintly hear the freeway, especially when it is clear and the Santa Anas are blowing. Other than that, it is barely noticeable. We accepted that fact due to the large lot, large house, ammenities, and High Schools…my kids all go to Westview, so we needed a house in this district. We love it more every day, which is what you want in a home purchase. Great house, great area.=)