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 $500,000 - $700,000 $700,000 - $900,000
$900,000 - $1,000,000 $1,000,000 - $1,500,000 $2,000,000 - $2,500,000
$2,500,000 - $3,000,000 $5,000,000 - $7,500,000
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$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
$2,850,000
 

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.
$2,470,000
 

28 Monarch Beach Resort, Dana Point

3 Beds, 4 Baths, 2,408 SqFt
Luxury coastal living on the grounds of the Monarch Beach Resort. As you enter the one level home, the grand hallway leads you to the living areas, with a golf course view. A gourmet's kitchen, with granite countertop, Sub Zero, five burner Wolf gas stove, is open to the living and dining area. The master suite, with fireplace and a French door to a private patio, also has a golf course view. The master bath is complete with a soaking tub,
$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.
$2,200,000
 

22 Rue Saint Cloud, Newport Beach

3 Beds, 4 Baths, 3,154 SqFt
VIEWS, VIEWS, VIEWS! Feels like a single level home with most all of the living on the main floor including the spacious master bedroom on the main floor with French doors leading out back to soak in the stunning golf fairway views. A second guest bedroom suite is also downstairs along a powder room. Remodeled kitchen features stainless steel appliances and looks out to a charming breakfast area and to the family room. The spacious living room,
$1,145,000
 

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.
$1,091,800
 

22561 Parkfield, Mission Viejo

3 Beds, 4 Baths, 3,281 SqFt
Built in 1996, this charming two story single family residence features four bedrooms and 3 1/2 baths with three car attached garage. Foyer entrance. Den/office area. Living room with fireplace. Separate dining room. Nice size kitchen with granite counters/backsplash with island for additional counter space. Breakfast nook with additional cabinet space. Family room with built in shelving and brick fireplace. Laundry room. Master bedroom/bath
$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
$1,000,000
 

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,
$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.
$923,000
 

181 Sanctuary, Irvine

4 Beds, 3 Baths, 2,065 SqFt
This home is located one of the most pleasant and cozy spaces you can find in this comfortable neighborhood. Since the home is located on the corner, the landscape attributes to a spacious and woodsy feeling with its large shading trees and dense garden of various plants that bloom year-round. On the inside the house is just as unique with a modern floorplan that makes a small space feel much like a mansion with its angular walls and arched
$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
$898,950
 

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.
$881,125
 

43 Goldbriar Way, Mission Viejo

5 Beds, 3 Baths, 3,194 SqFt
Built in 2000, this charming two story property features five bedrooms and three baths with three car attached garage. Rear patio. Living room entrance. Nice size kitchen with plenty of cabinet space and island. Carpet in bedrooms. Family room with fireplace and built in shelving.
$829,000
 

7 E Deerwood, Irvine

4 Beds, 2 Baths, 2,125 SqFt
this is a short sale but is great investment, good condition. nice yard.
$788,888
 

81 Vermillion, Irvine

3 Beds, 3 Baths, 1,668 SqFt
PRICE REDUCED...CHECK OUT THE NEW PHOTOS...VERY DESIRABLE END UNIT...HARDWOOD FLOORS DOWNSTAIRS FIRST LEVEL...UPGRADED KITCHEN ISLAND OPENS TO LIVING ROOM MAKING A GREAT ROOM...FIREPLACE...DIRECT GARAGE ACCESS TO 3 CAR GARAGE...BEDROOM AND BATH DOWNSTAIRS...LOFT AREA FOR AN OFFICE...UNIQUE RAISED FORMAL DINING AREA...HIGH CEILINGS...NEAR THE COMMONS PARK...ONE OF THE MOST SOUGHT LOCATION IN COMPLEX...CASALON MODEL: C A2 SERENITY...SUBMIT
$780,000
 

16 Robins Tree Lane, Irvine

3 Beds, 3 Baths, 1,651 SqFt
Price Improved! 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! Repairs needed; Property sold As Is.
Reduced
$770,000
 

206 Avenida Sierra, San Clemente

3 Beds, 2 Baths, 1,450 SqFt
Rustic beach cottage in Central San Clemente! This spacious 3 bedroom, 2 bath home has many custom features and plenty of room for entertaining! The enclosed front yard and backyard are perfect for BBQing with friends or relaxing in your private outdoor space. There are also 2 separate living rooms on opposite sides of the home and a cozy fireplace. Beautiful beamed ceilings, recessed lighting, and Spanish pavers throughout. Upgrades
$750,000
 

2327 Avenida Marejada 38, San Clemente

3 Beds, 3 Baths, 1,657 SqFt
NICE , NICE THREE BEDROOMS AND TWO 1/2 BATHROOMS. NEAR THE OCEAN NOT TO MENTION ALL THE SHOPPING YOU WANT. CLOSE TO THE BEACH WHAT ELSE CAN WE SAY? YOU NEED TO COME AND SEE THIS PROPERTY. BRING YOUR REASONABLE OFFERS.
$720,000
 

27 Los Platillos, Rancho Santa Margarita

3 Beds, 3 Baths, 1,670 SqFt
Your family's next home awaits! Find your perfect jewel in the lovely Ranch Santa Margarita community of Brisa Ladera. This home features soaring ceilings, a living room fireplace, and a bright greatroom feel with lots of natural light. Bathrooms and kitchen have granite countertops, and wood and tile floors. A downstairs bedroom is presently used as a den/office, and provides a sliding door access to the backyard patio. You will love the
New
$682,100
 

19251 Sleeping Oak Drive, Lake Forest

4 Beds, 3 Baths, 2,283 SqFt
Welcome Home to Portola Hills. 4 bedroom, 2.5 bathroom home with soaring ceilings. Living room with mirrored walls, dining room/area off living room. ½ Bathroom downstairs for guests. Family room with fireplace opens to kitchen. Inside laundry room off kitchen. Upstairs with large master suite and bathroom with water room and walk in closet. 3 Secondary bedrooms and full bathroom. Open loft/office could be enclosed to add a 5th bedroom. Rear
$634,900
 

13 Mejorana, Rancho Santa Margarita

3 Beds, 3 Baths, 1,551 SqFt
Nice 3 bedroom 2.5 bath home needing some TLC. It features plantation shutters throughout the house. There is a walk in pantry in the kitchen and a brick fireplace in the family room. Backyard boasts an inground spa and a patio deck. Ideally located close to community park and pool. Near the RSM lake and the swimming lagoon. There is only one hOA which includes 4 pools, tennis courts, parks and picnic areas.

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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