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.
Browse Orange County Bank Foreclosures…
Orange County Bank Foreclosures for Sale
||$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
59 Copper Creek, Irvine
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
4 Telescope, Newport Coast
****SHORT SALE under review!!!!Easy to Close**********
Newport Coast's prestigious guard-gated community of Pelican Ridge Estates. Corner lot, cul de sac.Great opportunity.
511 Cliff Drive, Newport Beach
Beautiful 2-Story Home in Prestigious Cliff Haven enclave of Newport Heights. Completely remodeled in 2004, this home offers 6 Bedrooms, 7 Bathrooms, & 6,850 Square Feet of living space (per owner/builder). Backyard w/ pool & spa - perfect for entertaining! Property is being sold AS-IS. Please see private remarks for showing instructions.
16372 Ardsley Circle, Huntington Beach
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,
15 Oak Canyon, Coto De Caza
This exquisite, equestrian dream home in the Trails has been impeccably remodeled and redefines “turnkey”. Panoramic, breathtaking views of the mountains and hills surround this elevated, custom home situated on a full acre. The grounds include a stunning infinity edge pool & spa, built-in BBQ & bar, barn facilities, fire pit & oversized play area, all adjacent to an Oak Grove preserve. The interior is transitional chic, with
483 Morning Canyon Road, Corona Del Mar
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
30832 Driftwood Drive, Laguna Beach
Owner Investor opportunity for location beautiful property. In South Laguna with OCEAN VIEW with short walk to the beach. Rapid strong offers will be entertained for quick sale . Accepted offers are subject to BANKRUPTCY COURT APPROVAL
1475 Capistrano Avenue, Laguna Beach
3 bed, 3.5 bath, turnkey home on a 10,000 sq ft lot. Perfect for an investor
38 Coronado Pointe, Laguna Niguel
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 from the charm of downtown Laguna
1701 Irvine Avenue, Newport Beach
Quick Sale! This remodeled Tuscany villa awaits your final landscaping dream to come true on a one of a kind 15,620 SqFt lot. Impressively large back yard with pool and spa to entertain your most prestigious parties. Elegant remodel with gourmet, high-end finishes. Large kitchen equipped with top of the line appliances, quality custom cabinetry, open to the living and dining area, and with view of the backyard. Home offers a separate wing which
1611 Cliff Drive, Newport Beach
Charming duplex in an amazing high-end location close just above Pacific Coast Highway. Homes on this street have sold for over $4,000,000. Walk to John Wayne Park and the sunset with ocean views. Ensign Intermediate School is just across the street. Make this duplex your own and rent the other out, or build a custom home with potential ocean views from a rooftop deck. Each unit has 2 bedrooms and 1 bathroom and there is a shared 2 car garage.
30531 Steeplechase Drive, San Juan Capistrano
Prestigious Hunt Club Property with Spectacular Panoramic View! 4 Very Large Bedrooms and Bathrooms. The Community Features Horse and Walking Trails and 24 Hour Guard Gated Security. Award-winning High Schools Saint Margaret's and JSerra are nearby. Short Drive to World Class Beaches!
27 Lookout, Irvine
REDUCED! 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.
6741 Auburn Drive, Huntington Beach
Home was completely rebuilt in 2007, as a 4 bedroom, 2 bathroom home boasting over 3,400 sq feet of living space! Custom kitchen, three car garage, nice corner lot location, with over 6,500 sq feet of land!!
2 Shepherd Court, Ladera Ranch
Welcome home to the community of Ladera Ranch, and to the very essence of Tuscany found here in the guard-gated enclave of Covenant Hills. The home is close to 3,900 sq. ft and features four bedrooms four bathrooms a formal powder room, dining room, living room, family room, breakfast area, a very large country kitchen, a second story family room and a semi-detached bonus room complete with fireplace. The lot is larger for the area at nearly
4611 Winthrop Drive, Huntington Beach
Cape Cod style two story home at Brightwater, Huntington Beach’s premier coastal community. The Trails Plan 3, the largest of all models at the Trails with only twelve constructed, features a main floor chef’s kitchen with built in Viking stainless steel refrigerator & appliances, family room with fireplace, and a den which can be used as a reading room, or a formal dining room. The second floor features include an individual laundry room,
28822 Sean Drive, Laguna Niguel
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
16141 Saint Croix Circle, Huntington Beach
PRICE REDUCED! This is a rare opportunity to own a waterfront home at this price!.Excellent location in the DEEP WATER with its own boat dock. Home features a main floor bedroom with a bath and 2 bedrooms upstairs including a master suite overlooking the water with a private balcony. Open floor plan kitchen with natural black granite counter top, separate dining room, step down living room with fireplace and large paved patio all with awesome
20 Weber Lane, Coto De Caza
Incredible opportunity to own your dream home in Coto De Caza.
1500 Irvine Avenue, Newport Beach
Owner /Investor special. APPROVED PLANS FROM CITY OF NEWPORT BEACH, shovel ready and centrally located property, near Balboa Island. Located in Back Bay. Positioned for a quick sale . Accepted offers subject to approval Bankruptcy court. APPROVED PLANS.
10 Cornwallis, Irvine
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.
17391 Rob Roy Circle, Huntington Beach
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
34 Winfield Drive, Ladera Ranch
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.
57 Via Marbrisa, San Clemente
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
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.
- 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.