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 $5,000,000 - $7,500,000
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$7,200,000
 

59 Copper Creek, Irvine

7 Beds, 12 Baths, 11k SqFt
Welcome home to the exclusive golf preserve of Shady Canyon. Anthony Thibert of Maisons has created a master piece by his artistic blending of Old World elegance with contemporary luxuries. Situated on an immense lot exceeding an acre, the architect's vision has been executed brilliantly by the very best craftsmen employing time honored techniques while utilizing the finest materials. Of significant note, many features of the home were imported
$3,500,000
 

4 Telescope, Newport Coast

4 Beds, 5 Baths, 4,177 SqFt
****APPROVE SHORT SALE!!!!Easy to Close********** Newport Coast's prestigious guard-gated community of Pelican Ridge Estates. Corner lot, cul de sac.Great opportunity.
$3,195,000
 

511 Cliff Drive, Newport Beach

6 Beds, 7 Baths, 6,850 SqFt
Short Sale Approved. 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. Property is being sold AS-IS. Please see private remarks for showing instructions.
$2,750,000
 

16372 Ardsley Circle, Huntington Beach

4 Beds, 4 Baths, 3,218 SqFt
WELCOME HOME! Spectacular resort style living at this waterfront property in Huntington Harbour. Enjoy being one of fourteen homes on Humboldt Island which has a private beach and 30ft Boat Dock. With over 3,218 square feet, 4 bedrooms, 3.5 bathrooms, the large and open floor plan is ideal for entertaining. Large Master Suite Overlooking Water. Balconies Off All Bedrooms. Formal Living and Dining Rooms, Separate Family room, Side Courtyard.
$2,200,000
 

37 Hedgerow, Irvine

5 Beds, 5 Baths, 3,611 SqFt
Great Turtle Ridge location on a corner lot. This large 3,611 sq ft home offer ample space for any family. The Summit at Turtle Ridge has numerous amenities including two pools, spas, theater, clubhouse, cabanas, gym, play areas, picnic areas & scenic walking trails. This exclusive 24 hr guard gated community offers privacy and exclusivity that very few other communities offer in the area. Be a part of the Award Winning Irvine Unified
$2,200,000
 

45 Poppy Hills Road, Laguna Niguel

6 Beds, 7 Baths, 5,586 SqFt
Prime location behind the gates at Ocean Ranch. Your chance to live in one of South Orange County’s premier guard gated communities just minutes from the beach! Enjoy stunning ocean views from this wonderful spacious 2 level home. This sprawling 6 bedroom home has it all. As you walk in you notice the wrought iron spiral staircase with vaulted ceiling featuring skylights for added natural light in the foyer. Office located downstairs with
$2,195,000
 

483 Morning Canyon Road, Corona Del Mar

3 Beds, 4 Baths, 3,080 SqFt
Nestled in the coastal enclave of Corona Highlands and designed by renowned architect Harold B. Zook, this wonderfully appointed custom home offers a livable, open concept floor plan that blends seamlessly with its outdoor spaces featuring a serene courtyard fountain cascading into the spa. Welcomed by a sun-drenched great room boasting vaulted ceilings and beautiful skylights, inside you’ll find three generously sized bedrooms, four bathrooms
$1,900,000
 

1475 Capistrano Avenue, Laguna Beach

3 Beds, 4 Baths, 2,640 SqFt
3 bed, 3.5 bath, turnkey home on a 10,000 sq ft lot. Perfect for an investor
$1,550,000
 

27 Lookout, Irvine

5 Beds, 6 Baths, 3,549 SqFt
This home is located in the Mille Fleur tract in the Woodbury community. Located on a cul-de-sac street, within the highly acclaimed Irvine School District and just steps from the resort-style amenities, enjoy walking to parks, pools, tennis courts, shopping & dining.
New
$1,399,900
 

6052 Sierra Siena Road, Irvine

4 Beds, 3 Baths, 2,519 SqFt
Do you want to live in one of Orange County's best cities? Do you want a master bedroom on the main floor? Three car garages? How about the best neighborhood? With amenities, the top Schools? You've got them all when you own this home! Spacious floor plan and lots of windows bring in the natural light and make this home light and bright. You have your master bedroom downstairs, a large living room with fireplace and formal dining room, a family
$1,188,000
 

28822 Sean Drive, Laguna Niguel

4 Beds, 3 Baths, 3,000 SqFt
An amazing opportunity for you to own this panoramic view home, situated on a desirable single-loaded street in the prestigious guard-gated neighborhood of "Hillcrest Estates!" This light and bright four bedroom home boasts a backyard perfect for relaxing or entertaining, with lush lemon and tangerine trees, a built-in barbecue, and a soothing fountain. Inside, find soaring double-floor ceilings, low-maintenance ceramic tile
$1,050,000
 

10 Cornwallis, Irvine

4 Beds, 3 Baths, 2,470 SqFt
Beautiful home in the highly desirable area of Irvine! Nestled in a quiet community with NO HOA! I repeat NO HOA fees! This home is mins from shopping, freeways and the Oak Creek Golf Club. And it is literally 3 houses down from Carrotwood Park! As for the home itself, you walk in to a huge open space with a vaulted ceiling in the living room which includes a skylight! The family room is right next to it split by a quaint double ended fireplace.
$1,001,500
 

38 Coronado Pointe, Laguna Niguel

4 Beds, 5 Baths, 4,831 SqFt
**LIST PRICE IS MINIMUM BID PRICE** Enjoy gentle ocean breezes and exquisitely manicured grounds in the exclusive guard gated enclave of Coronado Pointe. This majestic collection of homes with panoramic views of the mountains and city lights is the epitome of California coastal living at its finest. Just up the hill from some of Southern California’s finest beaches and the award winning Monarch Beach, Ritz Carlton and Montage resorts. Minutes
$1,000,000
 

20886 Monarch Lane 24, Huntington Beach

4 Beds, 3 Baths, 2,928 SqFt
Beautiful home with no one behind you in walking distance to so many amenities and activities. This Beachside Lyon home is in a gated neighborhood perfectly situated for easy access to the beach, restaurants, freeways, schools and much more. 3 Bedrooms with a loft, open floor plan kitchen and low maintenance, hard scaped yard, built in firepit and privacy make this home one to see.
$995,000
 

57 Via Marbrisa, San Clemente

4 Beds, 3 Baths, 2,780 SqFt
Beautiful home located in gated, executive community. Spacious 4 bedrooms, 3 bathrooms with an additional office. Large entertaining living room with soaring ceilings. The gourmet kitchen features large island, granite counters, double ovens and ample cabinets. Family room off of kitchen has built-ins and cozy fireplace. Master bedroom suite has spacious closets, double sinks and peek ocean view balcony. The backyard is a paradise with
New
$985,000
 

31 Goldbriar Way, Mission Viejo

4 Beds, 4 Baths, 3,618 SqFt
Great executive home, 4 bedroom, 3 bath, approximately 3600 sq. ft. with lots of upgrades. Built in early 2001. Large master bedroom; formal living room; den on 1st floor; loft on 2nd floor; and bonus room on the 3rd floor. Family room with fireplace adjacent to the spacious kitchen with generous cutting boards, butler pantry, kitchenette, and an additional dining area at the entry to the finished patio that offers the openness of being on top
$975,000
 

17391 Rob Roy Circle, Huntington Beach

4 Beds, 3 Baths, 2,577 SqFt
Desirable Franciscan Fountain spiral staircase model located on a quiet inside corner lot. Large master bedroom with optional sitting area/office/nursery off the bedroom or it was a builder option of a 4th upstairs bedroom. Downstairs is a kitchen and family room overlooking the pool. The living room and formal dining room are on one side of the entry and the downstairs bedroom plus a bathroom with shower are on the other side. This floor plan
$975,000
 

34 Winfield Drive, Ladera Ranch

5 Beds, 3 Baths, 3,815 SqFt
Super Opportunity with this 5 Bedroom Home in Amberly Lane of Oak Knoll Village! A Spacious Family Room with Gas Fireplace and Built-In Entertainment Center opens to the Kitchen with Breakfast Bar, Dining Area and Built-In Desk Office Area. Kitchen includes a 6 Burner Viking Stove and Oven, Sub-Zero Refrigerator. Relaxing Fenced Backyard with Covered Patio. Pantry and Mud Room between Kitchen and Garage. Formal Dining Room with Vaulted Ceilings.
$935,000
 

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
$933,100
 

3020 Calle Juarez, San Clemente

4 Beds, 3 Baths, 2,818 SqFt
Charming single family residence features four bedrooms and three baths with three car attached garage. Large and open living room. Main floor bedroom and full bath. Master bedroom with fireplace, wet bar, and large master bathroom and retreat area. Close to shopping, theater, and freeway.
$925,000
 

31862 Via Puntero, San Juan Capistrano

4 Beds, 3 Baths, 2,749 SqFt
This Beautiful Home features 4 bedrooms and 3 bathrooms on a huge lot with mature trees.One Bedroom & Bath downstairs. Large Master Bedroom and Master bathroom on 2nd Floor. Home needs some TLC & upgrades. Nearby Schools, Shopping, Restaurants & Freeways.
Reduced
$920,000
 

2701 Cepa Uno, San Clemente

4 Beds, 4 Baths, 2,964 SqFt
4 Bed / 3 Bath home on large private corner lot in a Cul De Sac with a View. Pool and spa, deck of Master sitting area.
New
$875,000
 

27041 S Ridge Drive, Mission Viejo

3 Beds, 4 Baths, 3,504 SqFt
Single Family Residence, Built 1990, 3 Beds, 4 Baths, 3,504, Sqft, 5,350 Lot.
New
$850,000
 

24821 Largo Drive, Laguna Hills

4 Beds, 3 Baths, 2,841 SqFt
Beautiful remodeled Home in a quiet neighborhood in award-winning Saddleback Valley school District. Great open floor plan with pool backyard. Master bedroom, fireplace,walk in closet, bathroom with tub and separate shower enclosure. Updated kitchen with beautiful granite countertops, wet bar in living room, custom courtyard with stamped concrete and waterfall feature. French doors lead into the living room from courtyard. Updated bathroom with

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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