Mission Viejo Bank Owned Foreclosures & REO Properties For Sale

Looking for a bargain home in Mission Viejo for your family or an investment? Bank foreclosures, bank owned or REO's homes (one in the same) may be the best opportunity to purchase a home in Mission Viejo at a below market price. Feel free to browse the current inventory of Mission Viejo bank foreclosures and sign up FREE for daily updates to ensure you receive all the new bank foreclosure listings right as they become available-updated daily. Read more about Mission Viejo Bank Foreclosures

Mission Viejo Foreclosure Real Estate Listings

All Listings Under $500,000 $500,000 - $700,000
$700,000 - $900,000 $900,000 - $1,000,000
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$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.
$699,000
 

27886 Festivo, Mission Viejo

3 Beds, 3 Baths, 2,036 SqFt
Three Bedroom, Two 1/2 bathroom pool home needs some TLC inside and out. View from master bedroom. Wonderful neighborhood. Vaulted ceilings, fireplace in Living Room and Family Room. Property sold As-Is NO REPAIRS OF ANY SORT WILL BE MADE.
$450,000
 

24812 Leto Circle, Mission Viejo

2 Beds, 2 Baths, 1,378 SqFt
Home has major plumbing issues and leaks. Interior has been water damaged throughout. Exterior backyard patio has large crack in it, possibly sliding down the hill. Buyers to do own due diligence, reports. No warranties expressed or implied. As is short sale.

More About Mission Viejo Foreclosures

Costly Mistakes To Avoid When Buying A Mission Viejo Bank Owned or Foreclosure Home:

  • Not all foreclosures are a bargain
  • Overbidding, some properties are priced low but are bid higher than "market" value
  • No inspection necessary, we always recommend buyer's to conduct an inspection
  • No clear title, unpaid liens after closing can be a very unpleasant circumstance for a new owner
  • Not enough cash budgeted for closing costs, fees and unforeseen expenses
  • Not asking questions about all relevant permits, past due association assessments or dues

Experienced representation is very important in negotiating and buying a Mission Viejo bank foreclosure. Unforseen circumstances can change a good deal into a not so good deal. Due to the high demand for foreclosures and the complexity of short sales, it is extremely beneficial to have Real Estate professionals who are experienced in getting your offer through while negotiating the best possible price along with protecting your interests throughout the escrow process. We are dedicated Realtors who have years of experience in negotiating the purchase of distressed properties. Please feel free to contact us for valuable insight on how to buy a bank foreclosure and/or short sale.

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