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 $2,500,000 - $3,000,000 $3,000,000 - $4,000,000
$4,000,000 - $5,000,000 $5,000,000 - $7,500,000
Click on the map to draw your polygon search.
Click on the map to draw your radius search.
Search only mappable listings within the map's bounds.
$6,500,000
 

1 Monarch, Dana Point

This is a Foreclosure sale. Appraisal values the property over $19 million done last year. Clients are just trying to recoup their loan investment. This last remaining trophy property ready for development in the coveted Ritz Cove community of Monarch Beach. This is the definition of a trophy property with breathtaking elevated views of the ocean and golf course. This extra large lot can be developed with a house over 29,000 square feet
$4,160,000
 

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
New
$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
$2,700,000
 

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
$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,
$1,674,000
 

5712 Ocean Vista Drive, Huntington Beach

4 Beds, 5 Baths, 3,305 SqFt
Welcome home to the city of Huntington Beach, the city that is known around the world as- SURF CITY U.S.A.! You are so close to the beach and the sand (about ¼ mile) that you do not need a surf report, but you will need to remember to wash the sand off your feet when you get home. This is the sought after guard gated enclave of Ocean Colony. The home promotes entertaining with it’s four bedrooms, four bathrooms, formal powder room, formal living
$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
 

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.
$1,500,000
 

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.
$1,250,000
 

22111 Islander Lane, Huntington Beach

5 Beds, 3 Baths, 2,766 SqFt
Custom "Newport West Home" minutes to the beach.
$1,150,000
 

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
$1,137,800
 

31801 Via Coyote, Coto De Caza

5 Beds, 3 Baths, 3,851 SqFt
Contemporary Meets Comfort in this this wonderful highly upgraded custom Coto Village home. Enter the home up the brick lined steps into the double door 2-story foyer. Enjoy the sunny formal living room with dramatic black marble grand fireplace & large viewing windows. Prepare wonderful meals in this gourmet kitchen complete with energy efficient stainless steel appliances, cherry wood cabinets, hardwood distressed floors, granite counters,
$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
$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
$956,800
 

25 Kempton Lane, Ladera Ranch

4 Beds, 3 Baths, 3,035 SqFt
A little elbow grease will bring this home back to its former glory! Enter through a gated courtyard and an arched front door to the turret style entry foyer. Highlights include a great room or living room, separate formal dining room. A gourmet’s kitchen with stainless steel appliances, a built in refrigerator, generous cabinetry and a morning room. There are four total bedrooms plus a large, useable loft. The master bedroom has a peaceful
$924,900
 

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.
New
$889,900
 

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
$879,000
 

2021 Vista Caudal, Newport Beach

2 Beds, 2 Baths, 1,580 SqFt
LIGHT, BRIGHT, SINGLE STORY END UNIT WITH SOME "BACK BAY" VIEW! Fabulous property built in the "great room style". Some of the features include: Gated entry, open beam cathedral ceilings, updated kitchen with granite counters and stainless appliances, large master suite with dressing area and private atrium, large private patio plus small viewing patio. This home is being sold by the Trustee for the Trust. No court
$855,000
 

7309 Arcadia Drive, Huntington Beach

3 Beds, 3 Baths, 2,444 SqFt
yet another $44K price reduction!!! 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
$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.
$849,900
 

17 Calle Frutas, San Clemente

3 Beds, 3 Baths, 2,327 SqFt
Three Bedrooms PLUS LOFT. Located on a highly desirable cul-de-sac street in the Escala neighborhood of Talega. Separate living room could be made into an office, formal area dining room, Gourmets kitchen with granite countertops, custom backsplash, Stainless steel appliances, wood blinds and a center island. The kitchen opens to the family room with a fireplace. Upstairs, there is a master suite with a walk-in closet, two sinks, a tub,
$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
$830,000
 

27480 Glenwood Drive, Mission Viejo

3 Beds, 4 Baths, 3,076 SqFt
SHORT SALE APPROVED AT THUS PRICE-Buyer’s loan failure provides your opportunity! 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 office is easily convertible to 4rth bedroom, and has its own full bathroom. The roomy 3-car garage has 3
Reduced

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.

Your Contact Information
Please provide a valid email address.
Property Information
Moving Details

By contacting us, you agree to our Terms of Use and Privacy Policy.