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 $3,000,000 - $4,000,000
$7,500,000 - $10,000,000 Over $10,000,000
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$11,500,000
 

2000 E Oceanfront, Newport Beach

5 Beds, 6 Baths, 3,968 SqFt
As featured in Elizabeth McMillian's book "Beach Houses: From Malibu to Laguna," we are proud to present the iconic "Balboa Beach House." This treasure was designed by the late world renowned Arthur Erickson. This stellar property is a cohesive blend of steel, glass and stone, juxtaposed against the landscape of ocean and earth. The unique seaside estate situated on the secluded and private end of the Balboa Peninsula offers
$7,995,000
 

89 Canyon Creek, Irvine

9 Beds, 11 Baths, 12k SqFt
THIS GORGEOUS SANTA BARBARA CUSTOM ESTATE FEATURES 9 BEDROOMS SUITES AND 11 BATH ROOMS, GARAGING DOWNSTAIRS AND 9 CARS IT HAS IT OWN KITCHENS ALSO , IT HAS A POOL AND SPA WITH MULTIPLE WATER DISPLAYS, THREE FULL KITCHENS, STATE OF THE ART THEATER WITH SURROUND SOUND , CLIMATE CONTROL WINE ROOM , PROFESSIONAL ELEVATOR SERVICING ALL THREE FLOORS, ENTERTAINING GAME ROOM FEATURING KITCHEN , BAR, POOL TABLE, KARAOKE STAGE, POKER ROOM , FOOSBALL
$3,500,000
 

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.
$2,298,000
 

35 Crimson Rose, Irvine

5 Beds, 6 Baths, 3,116 SqFt
FORMER MODEL w/approx $500K in designer builder upgrades, 1 OF A KIND property boasts, city & mountain VIEWS on over-sized pie shaped very private lot w/90 sq.ft wide back yard & wrought iron fence. Abundance of decorator features including wood, travertine & stone floors throughout, wood-beamed ceilings, decorative wrought iron accented entry door & elaborate stairway banister, 5 sets of French Doors, invisible screens,
$1,768,000
 

20201 Orchid Street, Newport Beach

6 Beds, 6 Baths, 5,079 SqFt
Newport Beach – Santa Ana Heights Custom Home. Built in 2001 with over 5,000 square feet of living space. 6 bedrooms, 5.5 bathrooms. Downstairs/main floor bedroom with private bathroom. Downstairs laundry room. Large open family/great room shared with kitchen. Upstairs huge master suite with large retreat / office room attached, 4 additional/secondary bedrooms and bathrooms as well as a small den/office complete the second level.
$1,699,900
 

27772 Somerset Lane, San Juan Capistrano

5 Beds, 5 Baths, 4,984 SqFt
THE PRESTIGIOUS QUIET AND EXQUISITE COMMUNITY OF THE HUNT CLUB IS CALLING! TUTOR-STYLE THROUGH AND THROUGH THIS LARGE EXPANSIVE HOME WITH GORGEOUS VIEWS AND POOL WITH SPA IS AWAITING YOUR RECEPTION. ENTRY THROUGH THE GRAND FOYER LEADS YOU TO A OFFICE LIBRARY, ELEGANT DINING AND LIVING ROOM. ONE DOWNSTAIRS BEDROOM WITH GOURMET KITCHEN, BREAKFAST NOOK, AND FAMILY ROOM. ASCEND UP THE GRAND STAIRCASE TO MULTIPLE BEDROOMS AND BATHS. THROUGH THE
$1,619,900
 

26201 Mount Diablo Road, Laguna Hills

4 Beds, 5 Baths, 4,637 SqFt
Recently Reduced! Wonderful Nellie Gail Ranch location on quiet cul-de-sac in Laguna Hills. Exceptionally high ceilings and unusual accents make this a dramatic home. The spacious two-level floor plan features four large bedrooms with ensuite bathrooms; formal living and dining rooms; great room with attractive tavern-style wet bar with dark wood paneling; spacious kitchen with breakfast alcove, granite counters and stainless appliances
$1,404,000
 

25392 Village Road, Dana Point

3 Beds, 3 Baths, 3,286 SqFt
Welcome home to the city of Dana Point, and to the sought after community of Village at Dana Point. Located nearly ¼ of a mile from the harbor, the beach and headlands, you will need to wash the sand off your feet when you get back home! This is a two-story home configured with the main floor at street level and the second floor below grade. The main floor features the master suite, formal powder room, a large private office with custom
$1,395,000
 

2026 Avenida Chico, Newport Beach

3 Beds, 3 Baths, 2,200 SqFt
Panoramic Bay Views in this completely remodeled "G" plan at the end of the cul-de-sac! One of the most sought after locations in The Bluffs with outstanding bay views and adjacent to the vast greenbelt with abundant natural light and privacy. Brand new hardwood flooring, custom fireplace, expanded kitchen with professional 6 burner stove, stainless steel appliances, remodeled bathrooms, fresh paint, new A/C and furnace, new ducting,
$1,295,000
 

25231 De Salle Street, Laguna Hills

5 Beds, 6 Baths, 4,232 SqFt
Completely rebuilt by builder for himself and completed in 2011 per builder (final permit) with no expense spared. Enter through 8 foot custom doors metal doors into a living room with approximately 20 foot ceilings and beautiful travateen flooring and a sweeping staircase with custom rails leading to the upper floor. This beautiful custom home has 4232 sq-ft of living space, 5 bedrooms, 5.5 baths, plus an office with lots of built ins that
$1,100,000
 

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!
$1,050,000
 

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.
$1,039,900
 

16627 Sonora Street, Tustin

5 Beds, 4 Baths, 2,828 SqFt
Welcome Home to Columbus Grove in Tustin located in the Irvine School District. 5 Bedrooms, 4 Bathrooms, 2 Car Garage, Approx. 2,780 SF., 2-Stories Downstairs: Formal Living Room / Dining Room combo; Secondary Bedroom; Full Bathroom; Kitchen / Family Room combo; Laundry Room; Garage Direct Access. Upstairs: Master Suite/Bathroom; Secondary Bedroom w/Private Bathroom; 2 Additional Secondary Bedrooms with a Jack-N-Jill Bathroom Kitchen:
Reduced
$967,000
 

31 Goldbriar Way, Mission Viejo

4 Beds, 3 Baths, 3,618 SqFt
A Talaverde home in Painted Trails area: a great opportunity for a decerning home seeker who wants a property with a great view of canyon city lights views, beautiful view of the sunset. A great property with exceptional upgrades. Built in early 2001, still look new like yesterday. Formal home with Central Airconding & Central Heating System; Master Bedroom suite; Formal Living Room; A Den on the first floor and a Bonus Room at the 3rd
$950,000
 

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.
$885,000
 

20308 Estuary Lane, Newport Beach

3 Beds, 4 Baths, 1,831 SqFt
Where else can you buy a newer home located in a beautiful gated community with a Newport Beach address for less than a million dollars?
$875,000
 

3020 Calle Juarez, San Clemente

4 Beds, 3 Baths, 2,818 SqFt
Huge Potential !!! Don’t miss this opportunity to own an ocean view home with 4 bedrooms, 3 baths, and over 2800sqft of living area. The property has been neglected and in need of some TLC. Great investment opportunity. Formal living and dining room. Enjoy the cathedral vaulted ceilings and large open airy living room. Main floor bedroom and full bath. Master bedroom suite with fireplace, wet bar and large master bathroom and retreat area.
$819,900
 

3115 Samoa Place, Costa Mesa

3 Beds, 2 Baths, 1,477 SqFt
Prime location in the coveted Mesa Verde community!! The interior of this 3 bedroom home features an inviting living room adjacent to the dining area. Some of the upgrades include a remodeled kitchen with granite countertops and travertine backsplash, upgraded windows, extra large hallway bathroom, crown molding, 20-inch ceramic tile floors & newer forced air unit. The master bedroom is conveniently connected to the fully enclosed and
$804,000
 

4462 Walnut Avenue, Irvine

4 Beds, 3 Baths, 1,750 SqFt
Welcome to this TURN KEY property located in the coveted Irvine School District. Situated just off of Walnut Ave across from Irvine High School, the property has new distressed wood tile flooring, new white wood shaker kitchen cabinets, new quartz countertops and stainless steel sink. The property has two master bedrooms, with one upstairs (along with a separate full bath) - perfect for a little space from the kids or a separate living area for
Reduced
$795,000
 

26605 Baronet, Mission Viejo

4 Beds, 3 Baths, 2,101 SqFt
This Mission Viejo 2100 sq ft, 4 bedroom and 2.5 bath home is nestled in the highly desirable neighborhood of Auburn Ridge. The lower level of this fantastic home is designed to flow well from the entry to the living/dining area then onto the open kitchen or family room which has a charming wood burning fireplace. A full size private laundry room with cabinets is also located on the first floor. Upstairs you will find the master bedroom with
$740,000
 

28795 Vista Aliso Road, Lake Forest

4 Beds, 3 Baths, 1,823 SqFt
Traditional 2 Story Home Located in the Alderwood Community in Portola Hills has award winning schools, beautiful parks and hiking trails. The association includes an Olympic size pool, spa, clubhouse, tennis courts and so much more. Low HOA Dues, no Mello Roos and low taxes.
New
$726,750
 

116 Sellas Road, Ladera Ranch

4 Beds, 3 Baths, 2,311 SqFt
Wonderful family neighborhood of Astoria. Right across the street from beautifully designed neighborhood park and community pool. Rarely found 3 CAR garage in this area. Roomy floorplan featuring a large downstairs living room with fireplace, Separate dining room off the entry and a large family room with fireplace off the kitchen. Upstairs is the master bedroom with large walk in closet and an large open deck and a large master bathroom.
$699,888
 

21791 Ontur, Mission Viejo

3 Beds, 3 Baths, 2,301 SqFt

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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