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 $2,500,000 - $3,000,000
$5,000,000 - $7,500,000 Over $10,000,000
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$29,995,000
 

2112 E Balboa Boulevard, Newport Beach

6 Beds, 10 Baths, 9,478 SqFt
This extraordinary one-third acre waterfront parcel situated across the harbor, possess a sweeping city light view of Newport Coast. Nearly ten thousand square feet of refined living area are centered around a Mediterranean courtyard that is dressed with mature citrus, olive trees and rose gardens. The home features a grand gallery corridor leading past the dining room, library and private theatre into the kitchen and family room in view of the
$5,880,800
 

59 Copper Creek, Irvine

7 Beds, 12 Baths, 10.5k 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 estate sized parcel, 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 from
$2,895,000
 

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 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.
$2,400,000
 

508 Westminster Avenue, Newport Beach

4 Beds, 6 Baths, 5,152 SqFt
Located along the most coveted Southern California Coastline in the heart of Newport Beach, this stunning Newport Beach estate has the most desirable Mediterranean timeless architectural design. Constructed with the finest materials, Encompassing 5,132 sq ft, including soaring ceilings an open floor plan beautifully blending interior living spaces with the outdoors that delivers a entertaining experience second to none. Two intimate entertaining
$2,349,000
 

2856 Terry Road, Laguna Beach

4 Beds, 4 Baths, 2,598 SqFt
With a stunning 2008 renovation by Laguna Beach architect Drew Blake, this home has been tastefully updated with a 2019 vibe. Mr. Blake’s vision remains the same, with two expansive viewing decks overlooking iconic Victoria Beach. A newly renovated, open concept kitchen- family room, with custom cabinetry, quartz counters, and center- island capped with stainless steel is a subtle blend of neutral tones, allowing the views to take center stage.
$1,999,000
 

53 Marbella, San Clemente

4 Beds, 6 Baths, 4,410 SqFt
One of the Best Lots and Views in Sea Pointe Estates. Great Opportunity. Sitting high above San Clemente on one of the best lot locations in Sea Pointe Estates, this beautiful Spanish influenced home captures panoramic ocean, sea, islands and amazing Dana Point Harbor views from nearly all rooms. Upon arrival, handsome yet subtle curb appeal adorns the privately gated driveway. Immediately upon entry into the classic foyer, you’re greeted with
$1,650,000
 

38 Coronado Pointe, Laguna Niguel

5 Beds, 5 Baths, 4,831 SqFt
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
$1,500,000
 

51 Tesoro, Irvine

4 Beds, 3 Baths, 2,459 SqFt
Elegant single family home in the exclusive and tranquil 24-hours guard-gated community of Laguna Altura in Irvine! This Cortona Residence 1 home featuring 4BD/3BA (including 1 downstairs BD and BA) plus Tech/Hobby room on 2nd floor. The kitchen features granite counter top, and center island open to the formal dining room and family room which have abundance of sunlight. Other upgrades including laminated wood floors throughout the first
$1,275,000
 

24941 Nellie Gail Road, Laguna Hills

4 Beds, 3 Baths, 2,636 SqFt
This is a beautiful home located in the curves of Laguna Hills in a well manicured neighborhood with large streets and stunning homes. The wrap around driveway makes it easy to get in and out with plenty of room for parking cars for large gatherings of friends and family. The inside is spacious and well lit with natural sunlight. The outside back patio is large with a pool and spa centered with the house for enjoying warm California days with
$1,195,000
 

31862 Via Puntero, San Juan Capistrano

4 Beds, 3 Baths, 2,749 SqFt
This beautiful home features 4 bedrooms and 3 bathrooms on a huge lot with mature trees. The property has been completely remodeled with new kitchen cabinets, counter tops and appliances.The bathrooms have been remodeled as well as new paint and flooring through out the house. The large Master bedroom and bathroom are spectacular which is on the 2nd floor. Close to nearby Schools, Shopping, Restaurants & Freeways.
$1,145,000
 

4611 Winthrop Drive, Huntington Beach

3 Beds, 3 Baths, 2,073 SqFt
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,
$1,100,000
 

34 Winfield Drive, Ladera Ranch

5 Beds, 3 Baths, 3,815 SqFt
Short Sale Approved! Take this 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
$1,090,000
 

20 Weber Lane, Coto De Caza

5 Beds, 5 Baths, 4,109 SqFt
Incredible opportunity to own your dream home in Coto De Caza.
$1,050,000
 

28822 Sean Drive, Laguna Niguel

3 Beds, 3 Baths, 3,000 SqFt
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
$1,029,500
 

19 Tiara, Irvine

5 Beds, 3 Baths, 2,556 SqFt
Attention Investors, Buyers, large price reduction. This 5 bed, 3 bath 2,556 sq/ft property is the lowest priced active listing on the market in this tract, $402 sq/ft??. Take a closer look and with little TLC, you can turn this property into a stunning home. Come and talk to us and let's negotiate a fair deal for both of us. One of the largest floor plans in all of Vista West Park. LOW HOA!! LOW TAXES!! Enjoy Olympic-size pools, Sport Courts
Reduced
$1,000,000
 

41 Blakemore Drive, Ladera Ranch

5 Beds, 3 Baths, 3,227 SqFt
PRICING IMPROVED! Incredible value plus the LOWEST PROPERTY TAX RATE IN LADERA RANCH. Single loaded prime location next to a small pocket park. Elegant entry that opens into a large great room with vaulted ceilings, custom built-in entertainment center, fireplace and plantation shutters. Formal dining room with french doors that lead to the side yard. Over sized gourmet kitchen equipped with built in refrigerator, stainless steel appliances,
$929,000
 

34 Maple Leaf, Mission Viejo

4 Beds, 3 Baths, 2,851 SqFt
This home is located in the exclusive guard-gated community of Canyon Crest. Private, Cul-de-sac Home features 3 bedrooms + office and an extra-large bonus room that can be a 4th bedroom, open floorplan with two-story soaring ceilings in Living room, two fireplaces (living room and family room), Travertine floors in extra-large family room, kitchen and all bathrooms, engineered espresso hardwood in all bedrooms. The gourmet kitchen boasts
$925,000
 

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.
$924,950
 

20 Paseo Canos, San Clemente

4 Beds, 3 Baths, 2,701 SqFt
Fantastic Opportunity to Become Part of the Exclusive Talega Community! Located in the Sabella Subdivision, this Highly-Upgraded "Model 3" Home features 4 Bedrooms & 3 Bathrooms w/ 2 Bonus rooms that can be used an an office, playroom, or converted into extra bedrooms! Living room w/ fireplace. Family room w/ 2nd fireplace. Newer oversized double-pane windows throughout let in lots of natural light. Window dressings throughout.
Reduced
$924,900
 

18 Melody Lane, Ladera Ranch

5 Beds, 4 Baths, 2,902 SqFt
This inviting home sits on a corner lot on a quiet cul-de-sac in the heart of Ladera Ranch and enjoys views of the mountains, neighborhood and greenbelt from the private balcony off of the master suite. The spacious 5 bedroom layout features a living room, den, downstairs office and a kitchen that opens to the family room. Designer touches include hardwood floors, plantation shutters, a jack and jill bathroom upstairs and a solar system on the
$900,000
 

2039 Irvine Avenue, Costa Mesa

4 Beds, 3 Baths, 2,416 SqFt
Spacious eastside costa mesa pool home almost newport beach large lot
$875,000
 

364 Princeton Drive, Costa Mesa

3 Beds, 2 Baths, 1,380 SqFt
This beautiful custom 3 Bed 2 Bath College Park home is perfect for entertaining. Walking up the custom stone walkway through the front atrium entry you will find double doors opening into the airy open floorplan. The kitchen featuring Maple Cabinets, Granite Counters, Stainless Steel Appliances, and Peninsula with bar seating overlooks the Dining Area and Family Room. The Family Room boasts a Quartzite Flagstone Fireplace w/Custom Maple Mantel
$814,900
 

16 Robins Tree Lane, Irvine

3 Beds, 3 Baths, 1,651 SqFt
Two level detached home in the lovely West Irvine neighborhood. Spacious floorplan with 3 bedrooms and 2.5 bathrooms. Large family room with fireplace and dining area with view of pool; tile counters and flooring in kitchen; convenient inside laundry room on second floor. Ideally located near Comstock Park and Peters Canyon Hiking & Riding Trail. NO HOA DUES! Property sold as is.
$790,000
 

1319 Alabama Street, Huntington Beach

3 Beds, 2 Baths, 1,236 SqFt
Charming single level home. Master suite on one side with 2 good sized rooms on the front side of home with full size bath. Home has been maintained well. The garage is behind the home accessed on small road that is backed by a greenbelt. Dual paned metal windows, 50 year metal roof installed about 5 years ago. Avocado and Apple tree on property.

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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