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 $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.
$7,650,000
 

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
$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
$3,525,000
 

12 Oak Canyon, Coto De Caza

7 Beds, 8 Baths, 7,300 SqFt
Get ready to entertain! Range price is important..Two homes, secluded 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 stairways; all
New
$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.
$2,788,000
 

30621 Hunt Club Drive, San Juan Capistrano

5 Beds, 6 Baths, 6,308 SqFt
The Trophy of Hunt Club in this exclusive guard gated community. A celebrated 5 bedroom 6 bath residence completely remodeled in 2014. Combines timeless charm of the English Tudor Estate. A design mixture of luxury with the original warm Tudor Charm by giving an open kitchen feel, impressive Master Retreat and additional family living areas. The Gourmet kitchen boasts custom cabinetry designer stonework, polished quartzite counters, marble
$1,900,000
 

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
$1,800,000
 

1712 Highland Drive, Newport Beach

3 Beds, 3 Baths, 2,321 SqFt
NOTICE OF DEFAULT. Cash buyers with quick close will be considered. Please read agent notes. Primed for New Construction. Current configuration is 3 bedrooms 2 1/2 bathrooms. Ample room in the backyard for a pool.
$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
$1,595,000
 

1 Via Terracaleta, Coto De Caza

6 Beds, 6 Baths, 5,250 SqFt
REDUCED! 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
Reduced
$1,500,000
 

30181 Hillside, San Juan Capistrano

5 Beds, 5 Baths, 4,564 SqFt
Custom built home with an opportunity for a price affordable remodel to build in equity and make it your own custom estate. Located in the rolling hills of San Juan Capistrano in the private custom community of Stoneridge Estates, this custom home was built with quality. The grand entry with hardwood floors provide a seamless flow throughout, soaring ceilings & sweeping staircase leads to this stunning 5 bedroom, 4 full bath & 1 half
$1,199,000
 

57 Bamboo, Irvine

4 Beds, 3 Baths, 3,223 SqFt
Northwood Estates in Irvine, Plan 4 of Camelia with optional studio and separate, private exterior stairs/entry. Viking Stainless Appliances, Granite Slab Counter w/ full splash & island in kitchen, crown, Marquis Cognac cabinetry throughout, optional deck off master leads to studio. Main floor bedroom and full bathroom. Master en suite upstairs with large walk in closet and bathroom. Private, gated community.
$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
Reduced
$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..
$1,099,000
 

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
$1,050,000
 

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
 

24721 Las Alturas Court, Laguna Hills

4 Beds, 3 Baths, 4,036 SqFt
Welcome home to the community of Brighton Ridge located within the city of Laguna Hills, one of the newer cities in the county. But don’t let that fool you, for it has already established itself as one of the best places to live in Orange County. This is a Four bedroom, Three bathroom Single Family Home of approximately 4,000 sq. ft. featuring a grand foyer, laundry room, formal dining, a formal living room with a vaulted ceiling, a full wet bar
$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
$929,000
 

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.
$925,000
 

4351 Skylark Street, Irvine

5 Beds, 3 Baths, 2,366 SqFt
Sometimes you need to acknowledge true potential. It is not as though what you are working with is inferior. It is just that the potential is enormous. This house is exactly what I am talking about. It has the bones, the size, the yard, the layout, and most importantly, the location. It has a lot of fantastic features, like vaulted ceilings and hardwood floors, a grass yard and a brick-lined driveway. This is a large, family home with charm and
$899,000
 

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,
Reduced
$880,000
 

2630 Via Cascadita, San Clemente

3 Beds, 2 Baths, 1,514 SqFt
!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 upgraded with gorgeous quartz counter
$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.
$795,000
 

20541 Suburbia Lane, Huntington Beach

3 Beds, 3 Baths, 2,071 SqFt
PRICE REDUCTION PRICE REDUCTION!!!! Bring any and all offers. Unbelievably expanded with private sitting room off master suite, kitchen includes custom tile counters and floors, subzero and garden window, formal foyer w/hardwood floors and custom wood staircase and banister and so much more. This superb home includes all dual pane windows, custom built-in cabinetry, granite, plus a very private rear yard w/lush landscaping, sparkling pool, brick

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.