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
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$4,998,000
 

416 38th Street, Newport Beach

6 Beds, 6 Baths, 5,250 SqFt
An exceptional bay front value not to be missed and affording myriad lifestyle and vacation income possibilities with R-2 zoning designation! Quaint and charming Newport Island is home to this remarkable double lot bay front property with 60 feet of water frontage. Quiet and private and flooded with natural light given its open corner lot orientation, this comfortable six bedroom, five and one-half bath coastal Mediterranean-style home affords
$3,000,000
 

511 Cliff Drive, Newport Beach

6 Beds, 7 Baths, 6,850 SqFt
Beautiful 2-Story Home in Prestigious Cliff Haven enclave of Newport Heights. Completely remodeled in 2004, this home offers 6 Bedroom / 7 Bathrooms & 6,850 square feet of living space (per owner/builder). Backyard w/ pool & spa. Short sale subject to lender approval. Property is being sold AS-IS.
$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
$1,949,900
 

16111 Whitecap Lane, Huntington Beach

6 Beds, 5 Baths, 4,726 SqFt
Come join the “Huntington Harbour Lifestyle” in this elegant upgraded & remodeled off water home in the guard gated "Faire Marin" community located just a few blocks from Harbour View Elementary School & Park (clubhouse, playground, & tennis courts), Humboldt Island Beach, Harbour Mall (shops, restaurants, & Trader Joes), and two public marinas. This is a magnificent home that you must see to appreciate… As you enter
$1,899,999
 

5692 Ocean Vista Drive, Huntington Beach

5 Beds, 5 Baths, 3,364 SqFt
Spoil your family with this elegant executive masterpiece, located in the exclusive Ocean Colony development, and just steps from the world famous Surf City. From top to bottom, no expense has been spared in its luxury appointments. The kitchen features professional series stainless appliances framed by rich granite surfaces, with butler's access to the formal dining room. Distinct entertaining areas in the family room and living room-each
$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
$1,399,999
 

26636 Vuelta Rica, Dana Point

5 Beds, 4 Baths, 2,661 SqFt
THIS 5 BEDROOM 4 BATH HOME WITH 2 CAR GARAGE IS LOCATED IDEALLY ON ONE OF THE BEST CUL DE SAC STREETS IN CAPISTRANO BEACH. 3 BEDROOMS DOWNSTAIRS AND 2 UPSTAIRS INCLUDING THE MASTER. GREAT PLAYHOUSE IN REAR YARD FOR THE LITTLE ONES. WALK TO PALISADES PARK OR PALISADES ELEMENTARY SCHOOL IS JUST DOWN THE STREET. SOME OCEAN VIEW FROM MASTER AND MASTER RETREAT.
$1,339,900
 

805 Delaware Street, Huntington Beach

3 Beds, 4 Baths, 3,049 SqFt
REDUCED!Custom Beach Estate located in Downtown Huntington Beach within walking distance to Main Street & Pacific City with dining, entertainment & shopping. Main floor features a living room w/ fireplace that has French doors opening to a patio & a dining area. Spacious kitchen with center island and eating area, plus a laundry area. The 2nd level hosts the 3 bedrooms and a family room. The master suite has a fireplace, French
$1,200,000
 

1718 Pine Street, Huntington Beach

4 Beds, 3 Baths, 2,350 SqFt
Expanded Home Located in the Highly Coveted Lake Park neighborhood of Downtown Huntington Beach. Featuring a Well Lit Living Room with Original Hardwood Floors and a Bright Kitchen with New Tile Floors. There are 3 Bedrooms Downstairs and a Large Den with Vaulted Ceilings and Skylights. Upstairs, you can Escape to the Huge Master Retreat with a Scenic Balcony. The Spa-like Master Bathroom includes an Oversized Shower with 3 Showerheads, a Bench,
$1,139,900
 

2322 Orchid Hill Place, Newport Beach

4 Beds, 3 Baths, 2,370 SqFt
Beautiful single story home in the prestigious city of Newport Beach. Offers 2,370 sqft with 4 bedrooms and 2.5 bathrooms, has private pool, and is located at the end of a cul-de-sac! This one is a must see. Won't Last!
$1,100,000
 

38 Richmond Hill, Laguna Niguel

5 Beds, 3 Baths, 3,194 SqFt
THIS HOME NEEDS A TREMENDOUS AMOUNT OF COSMETIC WORK TO INTERIOR AND EXTERIOR. However, it an INCREDIBLE Opportunity to turn this home into your dream home!! Must See! This large corner lot home is located in the highly sought after Beacon Hill area of Laguna Niguel. This residence features 5 bedrooms and 3 bathrooms spread out over 3,000 sq ft. of living space. Sit by the fireplace in the master bedroom while enjoying spectacular ocean views. 3
$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
$1,000,000
 

103 Calle Bonito, San Clemente

3 Beds, 3 Baths, 2,000 SqFt
LIVE AUCTION/ Investor Opportunity!!!Custom Built in 2007 , Truly an Eye Catcher with Over 30K exotic Palm lush landscape and 26 ft Stainless Flag pole. Located within blocks of parks and beaches. This 3 bed 3 1/2 bath 2000 square foot home, with 3 levels and a Roof Top deck features a Stone and Porcelain entryway leading to the Gourmet Kitchen with Stainless appliances, paneled refrigerator, granite counter tops, Italian Pendant lights, and
$930,000
 

30 Skycrest, Mission Viejo

4 Beds, 4 Baths, 3,451 SqFt
APPROVED PRICE SHORT SALE, READY TO CLOSE, CASH or HARD MONEY BUYERS ONLY , Looking for a fixer? One of the largest floorplans in Quail Run, a prestigious gated community that offers plenty of recreational facilities for the whole family. Located on a quiet cul-de-sac with an elevated view- this property has potential! 4 bedrooms 4 baths, in-ground pool and spa ready for you to step in and make it your own! As-Is, Please DND seller
$900,000
 

115 6th Street, Huntington Beach

3 Beds, 11 Baths, 1,691 SqFt
Short sale home. Drive by only.
$900,000
 

12 Calle Akelia, San Clemente

4 Beds, 3 Baths, 2,701 SqFt
Your family will love this amazingly private gem, which backs to the open space of the preserve and Talega Trail. In this first-time sale by the original owners, this home features a tranquil greenbelt on one side and open mountain views to the rear, so it effectively has just one neighbor, with plenty of breathing room. Inside, enjoy soaring ceilings, a versatile loft area, and four bedrooms, with elegant upgrades like crown molding and
$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.
$869,950
 

6252 Seabourne Drive 48, Huntington Beach

3 Beds, 3 Baths, 2,160 SqFt
Come to this Prestige Guard Gated Boardwalk Community in the Desirable SeaCliff area to this, TURNKEY, luxury Mystic Pointe Town-home. This Stunning home shows like a model throughout. Immaculate and move-in condition. It has peek a boo views from the ocean and steps to the sand and surf. Entry has vaulted ceilings and formal living room with elegant custom made built ins, cozy fire place, double french doors with views of the lush courtyard
$849,900
 

26882 Via Grande, Mission Viejo

4 Beds, 4 Baths, 3,199 SqFt
4 Bedroom, 4 Bath, Bonus Room with bar,2 Car Garage, Pool & Spa approximately 3,199 Bldg Sq Ft on a 7,200 Lot Sq Ft. Possible RV parking. NO HOA dues, no mello roos taxes!!! Walking distance to Elementary School, close to Freeways and shopping.
$799,000
 

28551 Rancho Maralena, Laguna Niguel

4 Beds, 3 Baths, 2,011 SqFt
Upgraded view home in Rancho Niguel with large yard and sunset views! Home has a remodeled kitchen, wood floors, designer staircase, loft, mainfloor bedroom and full bathroom, built-ins, modern wardrobe doors, achitechual additions to the design of the home, and a large secluded courtyard. There are a few unfinished projects for the next owner to complete, to their personal taste. Home is in need of repairs and cleaning. Just use your
$795,000
 

35 Tuscany, Ladera Ranch

4 Beds, 3 Baths, 2,567 SqFt
**BIG PRICE DROP** Come check out this beauty, backup offers welcomed! This Tuscany luxury villa resides on a cul-de-sac street in the secluded guard-gated community of COVENANT HILLS. Revel in the estate sized kitchen- fit for the professional chef; granite counter-tops, expansive granite island, hardwood cabinetry, & S/S appliances. This open floor plan expands to the family room with a cozy fireplace. The huge master features volume
$785,000
 

24652 Via Alvorado, Mission Viejo

5 Beds, 3 Baths, 2,882 SqFt
2882 square foot single family home has 5 bedrooms and 2.5 bathrooms.
$739,900
 

30081 Corsair, Laguna Niguel

4 Beds, 3 Baths, 2,027 SqFt
Spacious home located on a quiet cul-de-sac!! The neighborhood is Hidden Hills in the exclusive community of Sterling Niguel. Visit the nearby parks. Large master with room for office area or sitting room, plus walk in closet. Separate living room with fireplace. Kitchen opens up to the family room with sliding doors to the backyard. Downstairs bed and bath. Home needs work but is priced accordingly. Imagine the dream!! Don't miss out on this
Reduced
$705,000
 

2946 Player Lane, Tustin

3 Beds, 3 Baths, 1,848 SqFt
Tustin Ranch Mediterranean multi level Townhome in the Venturanza Del Verde Community. Spacious floorplan with a large bonus room, family room and a master suite. Living room has a fireplace. Quiet interior location with a 2 car attached garage with direct access. Association offers a community pool, spa, BBQ, outdoor cooking area and picnic area. The Community is walking distance to the Tustin Ranch Sports Complex, Market Place and Tustin Golf

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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