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
$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
$3,525,000
 

12 Oak Canyon, Coto De Caza

7 Beds, 8 Baths, 7,300 SqFt
Get ready to entertain! Range price is important..Two homes, secluded equestrian estate with entry gates and a long driveway. With over 3 acres, very private with virtually no neighbors and most of the land is flat with amazing views. The main house is 5300 sq. ft. and affords an enviable master retreat with a spacious walk-in closet and a spa-style bathroom. This home is filled with dramatic and classic features, including 2 circular
$3,500,000
 

4 Telescope, Newport Beach

4 Beds, 5 Baths, 4,177 SqFt
Newport Coast's prestigious guard-gated community of Pelican Ridge Estates. Corner lot, cul de sac.Great opportunity.
$3,300,000
 

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.
$2,660,000
 

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
$1,710,000
 

26751 Dominion Way, San Juan Capistrano

5 Beds, 5 Baths, 5,300 SqFt
Feel as though you’ve escaped to the countryside in this highly desireable gated estate in "The Acreage" in one of San Juan Capistrano's most sought after equestrian neighborhoods. Just 10 minutes from the Pacific Ocean with quick i-5 freeway/ 73 tollroad access. This estate home features five bedrooms and five baths. Located at the end of a four home cul de sac with a lot size of just under 30,000 sf. Used brick and wrought iron
Reduced
$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
$1,195,000
 

23669 Castle Rock, Mission Viejo

4 Beds, 3 Baths, 3,972 SqFt
Craftsman style five bedroom, three bath home with almost 4,000 sf located in the GUARD-GATED community of Stoneridge. Remodeled three level luxury home on large lot with city lites views! Beautiful curb appeal with Flint stone hardscaping, professionally manicured landscaping and lush privacy trees. The Kansan model of D.R. Horton’s Grand Traditions has a two story ceiling formal entry with front staircase, travertine flooring, living room with
$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.
$1,048,000
 

21871 Winnebago Lane, Lake Forest

3 Beds, 3 Baths, 2,267 SqFt
Lowest price available with a boat dock, bank owned property, good shape for a foreclosure, very open floor plan, kitchen island overlooks the entire first floor with a water view, french doors across the back of the home, cut stone patio, great views very close to the resort-like Sun and Sail Club with 4 pools, basketball court, volleyball, children's play area, tennis courts, inside workout room with view of the lake, party room, locker room
$999,000
 

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.
$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.
$950,000
 

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.
$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
$895,000
 

21906 Huron Lane, Lake Forest

4 Beds, 3 Baths, 2,248 SqFt
PLEASE BE ADVISED A NOTICE OF DEFAULT HAS BEEN FILED. This home is located just off the water with beautiful Lake and Greenbelt views from both the patio and upstairs balcony. This model has one of the finest floor plans in all of lake forest with 4 Bedrooms, 3 upstairs and 1 down along with 3 bathrooms, 2 upstairs and 1 down. The master Bedroom is huge with a beautiful lake view. The main level is well designed for entertaining and enjoying
$859,000
 

2630 Via Cascadita, San Clemente

3 Beds, 2 Baths, 1,514 SqFt
SELLERS WANT THIS SOLD NOW...Ultimate Beach Retreat located in the Shorecliffs community of San Clemente. Situated on the Ocean side of the freeway, you can walk, or take your golf cart to the Shorecliff private beach club. This single level completely remodeled home boasts 3 bedrooms and 2 full baths. Each bedroom has mirrored wardrobe doors and also ceiling fans. The master bedroom will have wonderful views and has direct access to the
$795,000
 

5501 Kern Drive, Huntington Beach

4 Beds, 3 Baths, 2,345 SqFt
California Classic home in a cul-de-sac location on a large lot. Curb appeal with newer roof and exterior paint, pavers on the driveway, and drought tolerant landscape. Inside has an open floor plan with formal living and dining room, family room and kitchen. newer appliances in kitchen, Recessed lighting, bay windows in the front living room and front bedroom. Two bedrooms downstairs with a full bathroom. Upstairs has the master bedroom,
$775,000
 

17 Tuscany, Ladera Ranch

4 Beds, 3 Baths, 2,567 SqFt
REDUCED! Four bedroom VIEW Castillina townhome located in the prestigious guard gated community of Covenant Hills. Freshly painted, new carpet, updated master bath counters, flooring and free standing tub. The HOA recently did some exterior painting. Indoor outdoor living with French doors in the living room opening to the spacious view backyard. Kitchen has a center island, wine refrig. and opens to a family area with a fireplace. There is a
$749,900
 

3711 W Balboa Boulevard, Newport Beach

2 Beds, 2 Baths, 737 SqFt
Location, Location Location. short walk to the beach. Courtyard facing local park. comes with 2 tanden parking spaces in covered garage. Great potential for buyer willing to do their own home improvements. Very convenient to public transportation and local stores and eateries and entertainment. Enjoy all the local water activities and tours. Nearby beach and pier very close by.
$749,900
 

4791 Karen Ann Lane, Irvine

3 Beds, 2 Baths, 1,752 SqFt
Great investor opportunity to purchase in the highly desired El Camino Real. Single story home features 3 bedrooms, 2 bathrooms and is located on corner lot. Exterior features include a mostly enclosed front yard with mature trees and fully enclosed back yard with covered patio. Located near parks, schools, shopping, dining and easy freeway access.
$749,000
 

26812 Calle Maria, Mission Viejo

4 Beds, 3 Baths, 2,280 SqFt
Beautiful pool home with spectacular view of Mission Viejo from your backyard. Home Features 4 large bedrooms, 1 bedroom is downstairs with a 3 car garage in a beautiful neighborhood. Kitchen opens up to the Family room for gathering enjoyment, high vaulted ceilings that make the dining room and living room fill up with sunlight. Dining room opens up to the living room with a large window to view the front side of the property. Beautiful
$700,000
 

1074 Vallejo Circle, Costa Mesa

3 Beds, 2 Baths, 1,273 SqFt
It is here! Your chance to bring your family home to the desirable Mesa Woods neighborhood has finally come. This stylish single-story home on a quiet cul-de-sac has been lovingly cared for, and offers a private and tranquil back yard with a patio and mature fruit trees. Inside, the home features hardwood floors, a marble entryway and fireplace, three bedrooms and two baths. The roomy 2 car garage is accentuated with a decorative stackstone
New
$700,000
 

42 Lyon, Aliso Viejo

4 Beds, 3 Baths, 2,671 SqFt
Property needs TLC, sold as-is, great location
New

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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