Orange County Bank Owned Foreclosures & REO Properties

We Specialize In Orange County FORECLOSURES!

Orange County bank foreclosures also known as REO properties (Real Estate owned) often represent a great way to get a below-market price on a home. We have put together on our site all available bank foreclosure homes and REO properties for sale conveniently organized by city and price range. Feel free to browse the current inventory below or search by individual city, and make sure to read our foreclosure tips on how to buy bank foreclosure homes for sale. Sign up for daily updates to ensure you receive all new foreclosure listings right as they become available.

Read more about Orange County bank foreclosures below.

Orange County Bank Foreclosures for Sale

All Listings Under $500,000 $500,000 - $700,000
$700,000 - $900,000 $900,000 - $1,000,000 $1,000,000 - $1,500,000
$1,500,000 - $2,000,000 $2,000,000 - $2,500,000
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1 Moonlight, Ladera Ranch

6 Beds, 6 Baths, 5,750 SqFt
REDUCED! Set in the guard gated community of Covenant Hills, this palatial residence offers privacy, quality finishes and convenient access to major freeways, shopping and dining centers. The home itself is a masterpiece of quality and style, with its beautiful stone façade, endless travertine patios and wrought iron balconies. A sweeping staircase, all new hardwood floors and a separate dining room with a butler’s pantry give the home an

27452 Paseo Boveda, San Juan Capistrano

6 Beds, 6 Baths, 5,787 SqFt
Coveted Rancho Madrina, Estrella Rosa, William Lyon built home. Six spacious bedrooms, four and one half baths. Extensive use of travertine flooring thruout the main level. Grand foyer with elliptical stairway. Formal living room with fireplace. Gourmet Kitchen with eat at island, Sub Zero double refrigerated drawers under the island counter, granite counters, freestanding Wolf double oven with 6 burners and griddle cooktop, Wolf wall oven,

8 Roshelle Lane, Ladera Ranch

5 Beds, 6 Baths, 4,763 SqFt

33721 Chula Vista Avenue, Dana Point

3 Beds, 3 Baths, 3,167 SqFt
WOW!!! THE VIEW! Panoramic ocean and Catalina view from all major rooms and all three levels! Enter on the mid level, where there is a living room, dining room, kitchen and 3/4 bath. The kitchen opens to the living and dining areas and the ocean and Catalina view beyond. The garage is attached with entry in this level. Upstairs, the master bedroom has the same view, a balcony and a full master bath and walk-in closet. Two other bedrooms

27190 Pacific Heights Drive, Mission Viejo

3 Beds, 3 Baths, 3,292 SqFt
This beautiful home sits on a cul de sac in the quiet Pacific Hills community of Mission Viejo. The spacious floorplan has a downstairs office that could be converted to a 4th bedroom and a bonus room upstairs. The entire home has been recently updated and features fresh paint, new carpet and stainless steel kitchen-aid and GE appliances. The large master suite is enhanced by an oversize sitting area, large walk-in closet and panoramic views.

27462 Grassland Drive, Laguna Niguel

5 Beds, 4 Baths, 3,054 SqFt
Welcome home to the city of Laguna Niguel, and to one of the newer cities in the county. But don’t let that fool you, for it has already established itself as one of the best places to live in Orange County. This is a large 5 bedroom, four-bathroom single family home with close to 3000 sq. ft. of interior living space, and a larger rear complete with custom upgrades creating a space that may be perfect for entertaining. The property is now ready

23589 Castle Rock, Mission Viejo

5 Beds, 4 Baths, 3,972 SqFt
Highly upgraded StoneRidge Giant with 5 or 6 bedrooms 4 baths, oversized family room with entertainment center and fireplace adjacent to the huge upgraded kitchen with new granite and stainless steel appliances. 3rd floor bonus room is plumbed for a mini kitchen. 2 bedrooms on the ground floor or 1 and an office. 4 large bedrooms upstairs. The enormous master suite has it's own private bath with whirlpool tub and separate shower, plus 2 walk in

17 Cool Brook 8, Irvine

4 Beds, 3 Baths, 2,072 SqFt
Wonderful and rare 4 bedroom, 3 bathroom town-home at end of cul-de-sac with partial views. This is a split level design with 3 bedrooms top floor and one bedroom on entry floor. From entry take stairs down to the open living room with high ceilings and fire place. Look towards the back were you find a formal dining room with upgraded windowed French doors leading to patio, decks and views. Spacious kitchen has been upgraded with newer

22782 Mariano Drive, Laguna Niguel

3 Beds, 2 Baths, 1,642 SqFt
Corner Lot of a quiet cul-de-sac in the highly desirable Monarch Summit II Senior Community. Private entrance gate with a welcoming courtyard and open space for gardening and privacy. This home has not been on the market since 1989. After the morning mist clears you will enjoy the view from your back yard. A 3 bedroom and 2 bath home welcomes you to a bright vaulted ceilings living room. Your 2-car attached garage has easy access to the

33962 Malaga Drive, Dana Point

3 Beds, 3 Baths, 2,082 SqFt
Welcome home to the city of Dana Point. The city that is named after the famous headland, which was named for Richard Henry Dana, author of “Two Years Before the Mast.” Although the killer Dana Surf Break is no longer with us, we can still enjoy the Festival of Whales, the Tall Ships Festival, and one of the best small boat harbors on the west coast. The property features close to 2,082 square feet of interior living space complete with three

54 Dartmouth Lane, Coto De Caza

4 Beds, 4 Baths, 2,403 SqFt
Welcome home to Coto de Caza and to one of the very best guard gated communities in Orange County. This is a spectacular two-story home with four bedrooms three and one half bathrooms; a very large second floor landing that may be perfect as a study area or retreat. The property features close to 2403 sq. ft. of interior living space, with formal living area and dining area, a large family room that flows into the kitchen creating a space for

14222 Holt Avenue, Tustin

3 Beds, 2 Baths, 1,674 SqFt
MUST SEE!!! RECENT RENOVATION, Curb appeal & Charm - photos do not do justice. BRAND NEW AC/Heating, NEW windows & sliders, NEW landscape & sprinklers, FRESHLY Painted interior & exterior, remodel includes flooring, cabinet refinishing (inside & out), carpet in Master. Exceptional layout ahead of it's time - boasting a hybrid open and closed concept, HUGE LOT (1/4 of an ACRE) perfect for family entertaining, large U-Shape

3 Tierra Vista, Laguna Hills

3 Beds, 3 Baths, 2,340 SqFt
Located in the Vista Firenza gated community in the heart of Laguna Hills near the intersection of La Paz Road and Paseo de Valencia, this two story, three bedroom, three bathroom, 2,340 square foot contemporary Mediterranean style home is waiting for a new owner. The home features a spacious lot with a stunning view over the area, an entry plaza leading to double front doors, engineered laminate wood flooring, accent color paint, granite

137 Goldenrod 67, Irvine

3 Beds, 3 Baths, 1,384 SqFt
Highly upgraded Woodbridge condo in the Stonegate community, located inside the loop! Property has 3 beds, 2 ½ baths, along with a detached 2 car garage with access through your private patio. Freshly painted throughout. The lower level has all new wood-look tile flooring , tiled fireplace, recessed lighting, and a stunning kitchen. Each bathroom has new vanities with granite tops, mirrors, and faucets. Upstairs has all new carpet, laundry area,

34102 Formosa Drive, Dana Point

2 Beds, 1 Bath, 760 SqFt
Single level in The Lantern District! Beach cottage with lots of potential. The open floor plan allows for lots of natural light. The kitchen open to the living room and eating nook. Great location close to the Dana Point Harbor and walking distance to dining and shopping in downtown. No HOA and no Mello roos.

46 Via Brida, Rancho Santa Margarita

3 Beds, 3 Baths, 2,374 SqFt
Distressed property with great potential. Four bedrooms, 2-1/2 baths plus bonus room and loft (4th bedroom has no closet). Good location in desirable Melinda Heights neighborhood. Property is in poor condition with significant plumbing issues and requires a cash buyer. Currently an REO but there is an unsatisfied first trust deed which will likely result in a short sale.

8206 Bridgepoint Drive 205, Huntington Beach

2 Beds, 2 Baths, 1,248 SqFt
Welcome home to the city of Huntington Beach known around the world as SURF CITY U.S.A., and to the exclusive Guard Gated community of Seabridge. Living at Seabridge must be like living on a resort island. A channel on its way to the Ocean runs through the community. Large water features, ponds, waterfalls and streams complete with bridges allow you to walk meander paths to swimming pools, plazas, club houses, lighted tennis courts and park size

31242 Via San Vicente, San Juan Capistrano

3 Beds, 3 Baths, 1,620 SqFt
Located in the Las Brisas Development in San Juan Capistrano, this single family residence is a two story with approximately 1600 square feet of licking space. Tax rolls say it is a 2 Bedroom, 2 Bath but the appraisal says it is 3 bedroom and 3 bath. Buyer to verify permits. Additional gfeatures include a fire place in the living room and a 2 Car attached garage with direct access to the house and a large lot. Convenient to the common area

16942 Pacific Coast 202, Huntington Beach

1 Bed, 1 Bath, 652 SqFt
Harbour Pacific Beach Condo! Upper unit with master bedroom and a loft. Amenities include pool, spa, volleyball court and community boat slip. Peek ocean views.This is a great location near the Huntington Harbour and an easy 5 minute walk to the beach and short walk to restaurants. Easy commute to freeways.

15 Hinterland Way 30, Ladera Ranch

2 Beds, 3 Baths, 1,315 SqFt
3 level townhome in Ladera Ranch. Open kitchen with stainless appliances. Open living/dining room with fireplace and custom built ins. Master bedroom and on bath on level 2, and guest bed or home office on level 3 with balcony.

1881 Mitchell 43, Tustin

2 Beds, 2 Baths, 1,167 SqFt
Welcome home to the gated community of Tustin Park Villas! This condo offers 2 Bedrooms, 1.5 Bathrooms, 1 detached garage, and approx. 1,167 sqft. This property is updated with all new paint, new carpet on second level and all stainless steel appliances. This property is move in ready with no one above or below. The main living area has an open floor plan with a private patio. Centrally located in Tustin and near Nelson Elementary School. HOA

28063 Caldaro, Laguna Niguel

1 Bed, 1 Bath, 542 SqFt
Charming, quiet, upper level, corner unit with views of the greenbelt in the Milano community in Laguna Niguel. Features vaulted ceilings, kitchen with granite countertops and one car garage. Close to shopping, freeway access, award winning schools, world renowned resorts and some of Southern California's finest beaches.

More About Orange County Bank Foreclosures & REO Property

Locating and Purchasing Foreclosure Properties

Properties heading into foreclosure, or actually in foreclosure can be very "good buys". So can properties offered by relocation companies and corporate owned. Finding homes that fall in these categories can be difficult, often properties that are advertised as foreclosures are already sold by the time the advertisement is published. Web sites offering foreclosures for sale are often woefully "out-of-date". Negotiating for these types of properties requires representation by Real Estate agents experienced in these types of challenging negotiations - there are often "multiple offers" to buy these properties! Our Consulting Team has handled many properties in foreclosure and those being sold by relocation and corporate owned companies. Please contact us if you are looking for experienced representation.

Five Ways to Acquire Orange County Foreclosures

In general, there are five basic ways to acquire foreclosure homes for sale at discounted prices. All but one of them permit the buyer to pay for qualified assistance from other sources (such as a title and/or escrow company). Unfortunately, the most popular technique (buying properties at the trustee's sales) allows no such luxury. The purchasing process at the trustee's sale requires each buyer to make his own thorough investigation of both title and debt on the chosen property within a limited time frame.

1. Delinquent Seller

The first and simplest way to buy properties under the fair market value arises when the delinquent (not defaulted) owner is uncovered. The delinquent seller will not have made recent payments of principal, interest, taxes or insurance and/or may have reduced the value of the property through benign negligence or lack of funds. When the delinquent owner realizes that he will be unable to meet the commitments on promissory notes and trust deeds for an extended period, he may choose to sell his property even at a discounted price rather than proceed through the foreclosure process.

The wise buyer will point out to the delinquent (and later defaulted) owner how he will be harmed by proceeding through the brief foreclosure process to the trustee's sale. At that point, the owner will lose his property, lose his equity, reduce his credit standing as a result of the recorded foreclosure and may have taxable income due the IRS for the amount of the debt reduction (elimination of the trust deed debt) resulting from the trustee's sale. Selling to an interested buyer at a discounted price may well be the most convenient solution for the troubled, delinquent owner.

2. Defaulted Seller

The property owner becomes a defaulted owner when the trustee for the beneficiary records a Notice of Default. During the following three month plus three week period, a Notice of Trustee's Sale also will be recorded and  published in a local adjudicated newspaper once a week for three weeks just prior to the trustee's sale. Live-in buyers of the property of the defaulted owner may negotiate any reasonable purchase price and terms for the property with the defaulted owner. Investors who seek to purchase the primary residence of a defaulted owner of one to four units and who are not related to that owner must work with the equity seller under the restrictions of two California Civil Codes which can make such purchases more difficult. These restrictions require the use of a special contract with a Notice of Cancellation, permit the equity seller to pursue the equity purchaser for unconscionable advantage for two years after the sale, and eliminate the use of outside assistance in the pursuit of a foreclosure property. Investors who unwittingly or intentionally become foreclosure consultants to equity sellers may also place themselves in jeopardy under certain conditions.

3. Trustee's Sale

Most purchasers of foreclosure homes for sale prefer to acquire their properties at the trustee's sale. At thistime, it is possible to make property purchases without being in contact with the defaulted owner or foreclosing lender. Money talks. Anyone with money may make a purchase regardless of credit, race, religion, etc. The verbal auction permits the highest bidder to acquire a property by paying off only the remaining balance on the foreclosing loan regardless of the fair market value of the property.  Debt recorded after the date of recording of the foreclosing loan is eliminated. Problems of unanticipated repair, eviction, payoff of superior loan(s), possible IRS redemption and inadequate research can present formidable obstacles to the inexperienced buyer.

4. REO Lender

When a trustee's sale is held with no bidder present, the property is said to be "sold" to the foreclosing lender. The REO lender usually will sell the property rather than retain the property as part of the lender's non-performing assets. If no one buys the property at a Trustee Sale, the mortgage holder becomes the owner of the home. These are called "REOs." or Real Estate Owned (It's possible that a homeowner could also tender the deed due to an inability to pay.) The bank is now selling the property with the intention of getting the loan amount out of the sale. The bank specializes in lending money for home loans not the disposition of assets. Of course the bank wants to maximize the amount of the sale, but given the speed at which the bank wants to recover their money, many times REO properties for sale will be sold at discounted prices.

5. Friendly Junior Note

The fifth way to buy foreclosures is just a bit more complex but is an attractive way to acquire properties with less competition than purchasing at the trustee's sale. If the holder of the junior loan to the foreclosing loan agrees to sell his promissory note and trust deed at a substantial discount, the purchaser of the junior loan may cure the underlying senior loans and then foreclose himself on the newly acquired junior loan. The sale of the property through the junior loan can bring immediate return on the face value of the junior loan of the acquisition of the property with attractive equity.

Recommended Books 

  • Buying Real Estate Foreclosures
  • Big Money in Real Estate Foreclosures
  • How to Invest in Real Estate Using Free Money
  • How to Pick Up Foreclosures: Step-By-Step Guide
  • Real Estate on the Brink: Making Money in Distressed Properties

If you would like further information or assistance regarding foreclosure real estate and available foreclosure homes for sale throughout Orange County, please contact us. We can also set up your own custom foreclosure search which will be emailed daily; please complete the form below, and we will get you started right away.

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Based on information from California Regional Multiple Listing Service, Inc. as of July 25th, 2017 at 11:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.