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
$3,000,000 - $4,000,000
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$3,750,000
 

16 San Sebastian, Newport Beach

4 Beds, 6 Baths, 5,562 SqFt
HARBOR RIDGE ESTATES - CUSTOM ESTATE REMODELED IN 2004-2006. VIEWS! CONTEMPORARY ESTATE WITH VIEWS! 4 BEDROOMS, 2 FULL BATHROOMS, 2 3/4 BATHROOMS AND 2 HALF BATHROOMS. PEBBLETEC POOL AND SPA. WATER FEATURES THROUGHOUT: WATERFALL FOUNTAINS ON SIDE YARD IN DRIVEWAY AND INSIDE ENTRANCE. HIGH END FINISHES AND DESIGN. DOWNSTAIRS: LIVING ROOM WITH FIREPLACE, 3 SECONDARY BEDROOMS EACH WITH THEIR OWN PRIVATE BATHROOM AND CUSTOM CLOSETS. HALF BATHROOM
$3,150,000
 

21 Shadowcast, Newport Coast

4 Beds, 5 Baths, 3,858 SqFt
Unobstructed Canyon and Ocean Views in the highly desirable Pacific Ridge community. This is the largest floor-plan with 4 bedrooms, each with their own bath, including a main floor bedroom. Entry includes double high ceilings with spiral staircase. The gourmet kitchen with large island is open to the family room with ocean views leading to the backyard. The backyard features a large covered patio, fountains, fire pit and sitting area.
$2,895,000
 

222 Via Koron, Newport Beach

4 Beds, 4 Baths, 3,653 SqFt
Sited on a wide, 45’ wide, street to street parcel, just steps from the bay and the Lido Isle boardwalk this property represents a great value in today’s market. In excellent condition and possessing large scale bedrooms, entertaining and living areas, the home is move-in ready. A modest entry introduces two floors of generous living, with approximately 3,653 sq ft of living space including 4 bedrooms and 3 and a half bathrooms, a separate
$2,650,000
 

31146 Via Colinas, Coto De Caza

7 Beds, 8 Baths, 7,834 SqFt
A Fabulous Investment awaiting its return to the Elegance and Sophistication it deserves. This sprawling Southern Plantation Style Estate welcomes you into your Expansive Private Yard with its Signature Oak Trees anticipating the Lavish Gardens to frame the Flowing Brick Laden drive. The Majestic Feel of this home is enhanced with Stately Pillars, Covered Porches and a Cascading Staircase, all aligned with Ornate Banisters that just need some
$2,400,000
 

35 Crimson Rose, Irvine

5 Beds, 6 Baths, 3,116 SqFt
FORMER MODEL w/ approx $500K in designer builder upgrades, 1 OF A KIND property boasts, city & mountain VIEWS on over-sized pie shaped very private lot w/ 90 sq. ft wide back yard & wrought iron fence. Abundance of decorator features including wood, travertine & stone floors throughout, wood-beamed ceilings, decorative wrought iron accented entry door & elaborate stairway banister, 5 sets of French Doors, invisible screens,
New
$1,999,995
 

122 24th Street, Newport Beach

6 Beds, 4 Baths, 2,800 SqFt
Location, Location, Location. It's 2 units and each unit boasts 3 bedrooms and 2 bath. Walking distance to the beach, perfect as a rental or for a large family living in separate units. The roof deck has been grandfathered in and is perfect for a cute romantic dinner or a family gathering. Located seconds/minutes walking distance from dining, coffee, dog park, nightlife, boutique shopping and much more. Residence will enjoy the beautiful weather
$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
$1,660,000
 

2327 Margaret Drive, Newport Beach

4 Beds, 2 Baths, 1,500 SqFt
Beautifully wooded lot,one of the largest lots in Newport Heights, Newport Beach. Lot currently contains two houses on a lot approx 750sf each. with a 2 1/2 car garage. Lot's highest and best use is for an Owner Builder to scrape the lot. Sale subject to 1031 Exchange. BUILDABLE LOT!
$1,500,000
 

18 Elissa Lane, Ladera Ranch

5 Beds, 6 Baths, 4,987 SqFt
Luxurious 5 bedroom Estate in Exclusive Covenant Hills. This home has a large yard with panoramic views. Located at the end of the cul de sac.
$1,284,000
 

16842 Morse Circle, Huntington Beach

4 Beds, 3 Baths, 2,600 SqFt
Welcome home to this beautifully remodeled 4 + 2.5 two story Northwest Huntington traditional located in an excellent neighborhood on a cul-de-sac street. The property is minutes away from the beach and all the best Huntington Beach has to offer! The list of upgrades is long and include but are not limited to a complete repipe of the entire home, an upgraded 200 amp electrical panel, brand new central air and heat, a remodeled kitchen with
New
$1,250,000
 

22111 Islander Lane, Huntington Beach

5 Beds, 3 Baths, 2,766 SqFt
Custom "Newport West Home" minutes to the beach.
$1,250,000
 

2421 E 16th Street 1, Newport Beach

3 Beds, 3 Baths, 2,169 SqFt
Fantastic 2 story end unit townhome with lots of natural light in spacious floorplan of almost 2300 sq ft. with an attached 2 car garage. This 3 bedroom, 2 bathroom, home has a den, formal dining/living room, a family room, vaulted ceilings, plantation shutters, wet bar, and a gourmet kitchen. French doors to the zen garden entertaining patio and a huge master suite bedroom and luxurious master bathroom matches this home's great curb appeal.
$1,200,000
 

31711 Fairview Road, Laguna Beach

2 Beds, 2 Baths, 900 SqFt
This South Laguna home is comprised of two structures on three lots. The cottage on one lot, with a nicely landscaped yard on the second lot, a two car garage and studio on the third lot, and a breezeway between the two buildings. Laguna cottage design with brick fireplace in the living room, wood floors, wood walls and ceilings, modern bathroom, plus outdoor spaces and yard to enjoy. Peek ocean view. Located just a few short blocks to the
$1,196,000
 

19 Adele Street, Ladera Ranch

5 Beds, 4 Baths, 3,600 SqFt
Located on a cul-de-sac street in the guard gated community of Covenant Hills, this five bedroom home needs someone to come in and bring it back to its former glory. The living room with a fireplace is just inside the front door and could be used as a library too. There is a formal dining room with French doors to a patio. An entertainer's kitchen opens to the family room and breakfast area. Beyond the kitchen is a downstairs bedroom and
$1,150,000
 

3891 Finisterre Drive, Huntington Beach

4 Beds, 2 Baths, 1,959 SqFt
Single story home on Davenport Island, quiet street location within walking distance to water and mothers beach, can't beat these amenities! Home was originally a 3 bedroom 2 bathroom home but the garage on the west side of the house has been converted to a bedroom. Home is effectively a 4 bedroom 2 bathroom home, living room/family room combo with eat in kitchen and bonus loft!
New
$1,075,000
 

12 Inglenook, Irvine

4 Beds, 3 Baths, 2,407 SqFt
A rare find! Main floor bedroom with full bath and walk-in closet. Large gourmet eat-in kitchen with granite countertops, white kitchen cabinets, and large center island. Great open floor plan with large family room, cozy fireplace, media niche, and built-in desk. Spacious master suite on second level with luxurious bathroom (shower enclosure and separate tub) and large walk-in closet. Great location and wonderful curb appeal situated in
$1,025,000
 

11 Tango Lane, Ladera Ranch

5 Beds, 4 Baths, 3,080 SqFt
Model perfect, move-in ready home, recently remodeled with designer touches. Almost everything in this home has been redone, from new paint inside and out, new flooring and carpet, newly refaced kitchen with expanded island, new stainless kitchen appliances, new baseboards, new LED lighting, newly remodeled bathrooms, new quartz counters throughout and new landscaping. Wonderful neighborhood and cul de sac location. Solar electricity to lower
$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
$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.
$900,000
 

25781 Santo Drive, Mission Viejo

5 Beds, 4 Baths, 2,435 SqFt
5 bedroom, 4 bath, 2435 sq. ft. house located at 25781 Santo Dr, Mission Viejo, CA 92691.
$899,900
 

27942 Via Estancia, San Juan Capistrano

4 Beds, 3 Baths, 2,602 SqFt
Sitting within the highly desirable Los Corrales tract, this peaceful home sits on a private, oversized lot nestled in the rolling hills of San Juan, featuring mountain views and city lights from the hillside retreat in the backyard. The comfortable layout boasts a large family room with access to the backyard, a spacious master bedroom with a walk-in closet and kitchen with granite countertops, stainless steel appliances and a large island.
Reduced
$875,000
 

18 Garden Gate Lane, Irvine

3 Beds, 3 Baths, 2,176 SqFt
Beautiful 3 bedroom Northwood home on a large lot. Features include crown molding throughout, fireplace, upgraded kitchen and bathrooms, fireplace and downstairs office. You will love the peaceful back yard with it's own fireplace.
New
$850,000
 

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.
$849,000
 

19 Via Asalea, San Clemente

4 Beds, 4 Baths, 2,849 SqFt
This is an upgraded and expanded Mandalay home located in prestigious gated community in beautiful San Clemente. The large lot features an entry courtyard and the custom natural stone detailing on the outside of this home is sure to impress. Formal living room, formal dining room, upgraded kitchen with adjacent family room provide room for all your get togethers. Enjoy lots of family space with an additional room that features a wet bar and

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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