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
$5,000,000 - $7,500,000 $7,500,000 - $10,000,000
Click on the map to draw your polygon search.
Click on the map to draw your radius search.
Search only mappable listings within the map's bounds.
$7,990,000
 

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
Reduced
$5,795,000
 

14 Via Giada, Newport Coast

5 Beds, 7 Baths, 6,067 SqFt
LUXURY REO...Live the luxurious yet laid-back Southern California lifestyle at this beautiful home in Ocean Heights. The exquisite property impresses with some of the best views in Orange County of the ocean, city lights, and mountains beyond. Enjoy this approximately 6,067 square foot estate in your guard-gated community that features four en-suite bedrooms (including one on the first level), plus an office that includes a closet and bath with
$3,700,000
 

4 Telescope, Newport Coast

5 Beds, 5 Baths, 4,900 SqFt
Beautiful Home Estate located in one of Newport Coast most exclusive 24 Hrs guard gated communities. This pristine property offers 5 Bedrooms (1Bedroom with private bathroom and private access located on the first floor ) 4.5 Bathrooms. Open floor with lots of natural light flowing throughout this spacious home every major space has a window or entrance to the splendid outdoor landscape. Beautiful Formal Living room and formal dining room,
$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.
$2,100,000
 

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
$1,775,000
 

1 Via Terracaleta, Coto De Caza

6 Beds, 6 Baths, 5,250 SqFt
Located at the end of a secluded cul-de-sac,this entirely gated estate offers a grand, inviting interior with vaulted ceilings and limestone floors, a main level bedroom suite, an office and a backyard resort with a pool and spa. With a secure, private setting on approx.two acres and the potential for this home is limitless. A long driveway and a private motor court set the stage for the open and bright interior, which includes a foyer with two
$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
$1,278,888
 

29255 Kestrel Lane, Laguna Niguel

5 Beds, 4 Baths, 3,807 SqFt
Unprecedented and unparalleled STUNNING 3,800+ square foot 5 bed, 4 bath home offering a stunning tranquil location on a cul de sac with an oversized lot featuring a stunning pool/spa with child-safety fence, fire pit, covered patio and numerous fruit trees. Upon entering the high ceilings and wood and travertine floors will begin the journey of exploration of this magnificent home. Large spacious rooms, wide staircase and a MASSIVE gourmet
$1,250,000
 

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
$1,150,000
 

2 Shepherd Court, Ladera Ranch

4 Beds, 5 Baths, 3,901 SqFt
SAFE,SAFE COMMUNITY IS NOT DESCRIBING THE SETTING. This is a MUST TO SEE TURN KEY SHORT SALE. 4 / nice size rooms with 4 bathrooms. One nice size bedroom down stairs. Entrance has a beautiful seating area with a fire place. DID I MENTION your GUESS QUARTERS with a fire place for does night you need a little X-heat. This house has not much to make this YOUR DREAM HOME. School are excellent. The HOA has to much fun to write in this SMALL space..
$1,145,000
 

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
$1,139,000
 

1196 Avenida Buena Suerte, San Clemente

4 Beds, 4 Baths, 3,666 SqFt
Welcome home to the city of San Clemente, and to the hills that reward the lucky few with Ocean vistas. The city is home to the former Western White House, great surfing, and perhaps the center of the media world for surfing magazine publishing. This four bedroom, four bathroom home features a formal dining room, formal living room, and a great room with views of the ocean comprised of the kitchen, breakfast area and family room. Other features
$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.
$939,000
 

4351 Skylark Street, Irvine

5 Beds, 3 Baths, 2,366 SqFt
Welcome to your new home in beautiful Irvine! This five bed/three bath home is perfect for family with its spacious, comfortable floorplan and convenient location. With brick floors, new Berber carpet, and hardwoods, you can feel at home in any room. Notice the open concept family room with gorgeous vaulted ceiling as well as the wrap-around yard and patio cover. Whether you're looking to live inside or out, this home has everything you
$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
$899,000
 

24291 Cortes Drive, Dana Point

4 Beds, 3 Baths, 1,932 SqFt
GREAT LOCATION LOCATED ON THE EAST SIDE OF CORTES WITH AN EXTRA 40-50 FEET OF LEVEL OPEN SPACE ON THE REAR OF THE PROPERTY!OCEAN VIEW FROM THE REAR DECK AND YARD AREA OF THE HOME. QUIET QUALITY AREA IN A GREAT CENTRAL LOCATION
$895,000
 

2630 Via Cascadita, San Clemente

3 Beds, 2 Baths, 1,514 SqFt
Motivated Seller, Bring us an offer!!Private Beach Club right on the Beach (alcohol allowed) The shorecliffs association owns the beach. 5 minute walk to the beachclub. Where can you find a 3 bedroom single story beach house with no steps, that has been completely remodeled. As you pull up you will quickly see the great curb appeal of the home and when you enter the house your mouth will drop as you see the beautiful kitchen. It has been
$874,900
 

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.
$867,500
 

31 Goldbriar Way, Mission Viejo

4 Beds, 4 Baths, 3,618 SqFt
A Talaverde home in Painted Trails area: a great opportunity for a discerning 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 Conditioning & Central Heating System; Large Master Bedroom; Formal Living Room; A Den on the first floor and a Bonus Room at the 3rd
$859,500
 

33562 Spin Drift Court, Dana Point

3 Beds, 3 Baths, 1,825 SqFt
THIS IS A SHORT SALE! PEEK A BOO Ocean View! Short sale subject to SECOND mortgage lender approval only which should make the process quicker and easier than normal. Location, location, location! RESORT LIVING!! OCEAN AND HARBOR CLOSE. Welcome home to the prestigious gated community of Waterford Point, located just a few short blocks from Dana Point Harbor & the best beaches around.Lovely Open and Spacious Floor Plan With 2-Sided Fireplace.
$830,000
 

25232 Del Rio, Laguna Niguel

4 Beds, 2 Baths, 1,738 SqFt
Single Story Laguna Niguel home with views! 4 bedroom 2 bath home over 1,738 square feet of living space on a quarter acre lot. Large lot has room to expand, add a pool, or create your dream backyard. Excellent opportunity in the heart of Laguna Niguel.
New
$830,000
 

24652 Via Alvorado, Mission Viejo

5 Beds, 3 Baths, 2,882 SqFt
2882 square foot single family home has 5 bedrooms and 2.5 bathrooms.
$795,900
 

3115 Samoa Place, Costa Mesa

3 Beds, 2 Baths, 1,477 SqFt
LOWEST PRICED HOME IN THE COVETED MESA VERDE COMMUNITY!! PRICED TO SELL QUICKLY! 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
$785,500
 

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

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.

Your Contact Information
Please provide a valid email address.
Property Information
Moving Details

By contacting us, you agree to our Terms of Use and Privacy Policy.