Newport Beach Bank Owned Foreclosures & REO Properties

Looking for a bargain home in Newport Beach 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 Newport Beach at a below market price. Feel free to browse the current inventory of Newport Beach 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 Newport Beach Bank Foreclosures

Newport Beach Foreclosure Real Estate Listings

All Listings $1,000,000 - $1,500,000 $2,500,000 - $3,000,000
$3,000,000 - $4,000,000 $4,000,000 - $5,000,000
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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

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.

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

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.

More About Newport Beach Foreclosures

Costly Mistakes To Avoid When Buying A Newport Beach 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 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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