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 $2,500,000 - $3,000,000
$5,000,000 - $7,500,000
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$6,495,000
 

433 Isabella Terrace, Corona Del Mar

5 Beds, 5 Baths, 3,895 SqFt
Enjoy sweeping canyon, ocean, and golf course views from this beautiful home in Corona Highlands. Situated on two lots at the top level in the neighborhood at the end of a cul-de-sac, this home features 5 bedrooms and 5 bathrooms, spanning nearly 4,000 square feet in living space. Large, open rooms are complemented with peaked, beamed ceilings and fireplaces throughout. This home offers a quiet escape from the lively CDM lifestyle with an
$2,895,000
 

222 Via Koron, Newport Beach

4 Beds, 4 Baths, 3,653 SqFt
Beautifully situated on a desirable 45’ wide (1.5 lots) street to street lot featuring 3,653 square feet of living space with 4 bedrooms and 4 bathrooms. Features include a formal living room, an expansive family room off the gourmet kitchen, formal dining room, a generous master suite with fireplace and a private deck. Enjoy the Lido Lifestyle which features a wonderful sense of community with the Lido Isle Yacht Club and clubhouse, private
$2,450,000
 

22 Rockingham Drive, Newport Beach

5 Beds, 5 Baths, 4,811 SqFt
This residence sits in the well kept gated community of Belcourt. Lush landscape surrounds this community and gives it privacy. Near restaurants, Fashion Island shopping, theaters and beaches. Has 5 spacious bedrooms including a private Master retreat with fire place and sitting area and master bath has a soaker tub. There is a master suite downstairs. 5 bathrooms. Kitchen has stainless steel appliances: dual ovens, two dish washers, SubZero
New
$2,000,000
 

1 Moonlight, Ladera Ranch

6 Beds, 6 Baths, 5,750 SqFt
PRICE MODIFIED!! 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
$1,999,990
 

1 Via Terracaleta, Coto De Caza

5 Beds, 6 Baths, 5,250 SqFt
One of a kind, VERY PRIVATE 2 acre estate in the Arbours neighborhood of Coto de Caza. This estate has many possibilities for your entertaining needs. You are first greeted with a private gated driveway which leads into a private parking courtyard. The brick porch leads into a formal foyer entry with exquisite limestone tile. The open kitchen with a center cooking island is open to the family room and overlooks the HUGE yard with a pool, spa,
$1,795,000
 

2988 Terry Road, Laguna Beach

3 Beds, 3 Baths, 1,896 SqFt
A beautiful view awaits you from this newly (2016) remodeled home, Catalina sunset, white water views from most rooms and two lovely decks. Only one block from Coast Highway, and super close to Victoria beach and all it has to offer. With hardwood floors,granite counters, reassessed lighting, new paint and super private setting on a cul de sac. This home is lite and bright with plenty of windows to enjoy this awesome view, the kitchen is a
$1,550,000
 

28881 Rockport Drive, Laguna Niguel

4 Beds, 5 Baths, 4,019 SqFt
Make your home in this Mediterranean oasis, the jewel of the gate-guarded Hillcrest Estates development. This elegant home features an exciting 55 ft sport pool with spa, incorporating a 16-person rock spa grotto by Boulderscape. Waterfalls, gas-fed flame bowls and a swim-up bar are like those you would see in a resort hotel--providing a relaxing getaway right at home. The large lot also provides an expansive grassy area, with views of the
$1,495,000
 

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,
$1,450,000
 

8 Roshelle Lane, Ladera Ranch

5 Beds, 6 Baths, 4,763 SqFt
BEAUTIFULLY REMODELED HOME LOCATED IN THE GATED COMMUNITY OF COVENANT HILLS IN LADERA RANCH. QUALITY CONSTRUCTION, BEAUTIFUL INTERIOR AND EXTERIOR DESIGN. NEW CARPET AND HARD WOOD FLOORING THROUGHOUT. THE KITCHEN OFFERS NEW GORGEOUS QUARTZ COUNTERS AND TILE BACKSPLASH, STAINLESS STEEL APPLIANCES INCLUDING WINE COOLER, DOUBLE OVEN AND 6 BURNER STOVE AND A LARGE ISLAND WITH AN ADDITIONAL PREP SINK. NEW INTERIOR AND EXTERIOR PAINT, 5 SPACIOUS
$1,250,000
 

100 Endless Vista, Aliso Viejo

6 Beds, 5 Baths, 3,541 SqFt
BANK OWNED! SPECTACULAR OAKVIEW ESTATES, CUL-DE-SAC LOCATION WITH VIEW! Most desirable floor plan in Oakview Estates offering a double door entry leading to large foyer and spacious living room with fireplace and high ceilings, true formal dining room and large family room/great room with 2nd fireplace which opens to the oversized kitchen with large center island and features a walk-in pantry and stone counter tops. Main floor also features a
$1,200,000
 

25256 Manzanita Drive, Dana Point

3 Beds, 3 Baths, 3,231 SqFt
Ocean view property located in the beach city of Dana Point. This property features a 180 degree ocean view and is located in 'The Village'. The home is a split-level floorplan with the master bedroom and an office located on the main living level. You will find the home is located in very close proximity to shopping, schools, the beach and Dana Point Harbor.
New
$1,118,000
 

28851 Top Of The World Drive, Laguna Beach

3 Beds, 3 Baths, 2,066 SqFt
Welcome to Laguna Beach, and to one of the best locations in the coveted Laguna Village area of the city. This is the Top of the World, and as the name implies you are at the top of Laguna Beach. The property is the quintessential Laguna Beach contemporary bungalow. The floor plan features three bedrooms and three bathrooms. You will enjoy a gourmet galley kitchen, family room, living room and dining area all of which flow together taking full
$1,019,900
 

27190 Pacific Heights Drive, Mission Viejo

4 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 bedroom that is now converted as an office 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 oversized sitting area, large walk-in closet and panoramic views. French
$999,999
 

1750 Santa Ana Avenue, Costa Mesa

2 Beds, 1 Bath, 772 SqFt
Rare R2 Corner Lot with Massive Private Backyard in the Heart of Highly Sought East Costa Mesa.  This 2 Bedroom 1 Full Bathroom Bungalow style home captures the essence of the beach style home with opportunities to have it all in the best part of Costa Mesa.  The home features a desirable floor plan and expansive private driveway.  Inside the home includes: hardwood floors, custom windows, solid wood doors, well appointed kitchen, 2 ample sized
New
$990,000
 

23649 Castle Rock, Mission Viejo

4 Beds, 4 Baths, 3,986 SqFt
A gorgeous residence in the desired guard gated community of Stoneridge, with breathtaking panoramic views! With just one step inside you will feel the elegance of the dual staircases and columns, while greeted by the warmth of an open and inviting floor plan. This estate features a master retreat, a chef’s kitchen, walk-in pantry, private library or study, custom wood cabinetry, and a third level that can be converted into anything the
$985,000
 

10 Cornwallis, Irvine

4 Beds, 3 Baths, 2,470 SqFt
Beautiful home in the highly desirable area of Irvine! Nestled in a quiet community with NO HOA! I repeat NO HOA fees! This home is mins from shopping, freeways and the Oak Creek Golf Club. And it is literally 3 houses down from Carrotwood Park! As for the home itself, you walk in to a huge open space with a vaulted ceiling in the living room which includes a skylight! The family room is right next to it split by a quaint double ended fireplace.
$943,900
 

7309 Arcadia Drive, Huntington Beach

3 Beds, 3 Baths, 2,444 SqFt
Popular model 2 in Gated Bel Air community. Three floors total in this home, first floor includes a small den that could be used as an office, large open area for living room/dining room and family room and large kitchen w/center island. Three bedrooms on 2nd floor including a master bedroom with en suite bathroom and HUGE walk-in closet. Ancillary bedrooms share Jack and Jill bathroom, laundry is located on 2nd level as well. Third floor is a
$940,000
 

27041 S Ridge Drive, Mission Viejo

4 Beds, 4 Baths, 3,504 SqFt
Great Pacific Hills location! Gorgeous Pool home near end of a cul-de-sac! columns and arches in a spacious & elegant floor plan. Marble entry, plantation shutters, Two HUGE secondary beds w/private baths. Large island kitchen w/garden window. Purchase Price ready approved by lenders for quick sale.
$936,000
 

19732 Dorado Drive, Lake Forest

4 Beds, 4 Baths, 3,514 SqFt
Great 4 Bedroom, 4 Bathroom Home in Portola Hills. Large, open floor plan. Possible downstairs 5th bedroom - just install a closet in the den/office. 3/4 bathroom downstairs. Inside laundry room. Kitchen opens to family room. Upstairs are the Master Suite with large private bath, a secondary bedroom with full private bath, 2 additional secondary bedrooms and a full hall bathroom. Move in ready
$899,900
 

235 22nd Street, Costa Mesa

3 Beds, 2 Baths, 1,604 SqFt
Wonderful Center Eastside location! Customized single level home with added on Great Room/family room addition. Three bedrooms, 2 baths, very large private yard. Some recent upgrades include near new wood product flooring throughout, new sprinklers, fresh paint, and newer roof. Central Air Conditioning, covered patio, two car attached garage. Great location in prime Eastside area. Incredible potential. Location-Newport Mesa schools, beach
$899,900
 

33716 Windham Drive, Dana Point

2 Beds, 3 Baths, 2,379 SqFt
Single-loaded street location, panoramic views of the San Juan Capistrano Valley, walking distance to Doheny Beach and Dana Point Harbor.
Reduced
$879,900
 

340 W 2nd Street, Tustin

3 Beds, 3 Baths, 2,572 SqFt
This is an Amazing home located in Old Town Tustin! This 2 Story pool home has a personality all its own with custom upgrades throughout including a great room that will wow you! Enjoy the spacious front house and it's formal dinning room as well as an office that exits to the back yard with a sparkling pool, fountain and gazebo. Featured in the back is also a 2 story back house that also compliments with spaciousness an open floor plan, a
New
$855,900
 

2948 Pemba Drive, Costa Mesa

3 Beds, 3 Baths, 2,414 SqFt
$849,000
 

27480 Glenwood Drive, Mission Viejo

3 Beds, 4 Baths, 3,076 SqFt
Bring your family home to this elegant two-story beauty, located on an inviting cul-de-sac street in the Bonaire development. This home features an open floor plan, marble flooring, and a bright and light kitchen with views to a private back yard. Downstairs room is convertible to 4rth bedroom, and has its own full bathroom. The roomy 3-car garage has 3 independent doors, epoxy floors, and expansive built-in-storage. Enjoy access to Lake
New

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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