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
$4,000,000 - $5,000,000 $5,000,000 - $7,500,000
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$6,795,000
 

89 Canyon Creek, Irvine

6 Beds, 11 Baths, 11.4k SqFt
Welcome home to the exclusive golf preserve of Shady Canyon, and to a faithful interpretation of a Tuscan Villa complete with a tower reminiscent of those of San Gimignano. The artistic blending of old world elegance with contemporary luxuries created this masterpiece. Situated on a commanding elevated corner lot, the architect's vision has been executed brilliantly by the very best craftsmen employing time-honored techniques while utilizing the
$4,995,000
 

12 Horizon, Newport Coast

6 Beds, 8 Baths, 9,930 SqFt
An amazing Pelican Hill opportunity awaits in Orange County’s most exclusive residential community. Customize and re-imagine this grand home of nearly 10,000 square feet, with a cul-de-sac location of over ½ acre. Its current design is well suited for resort style entertaining, and multi-generational living but this is your chance to make it your own. Currently, the main floor and upper level function like a traditional home which includes
$2,985,000
 

29835 Hidden Creek Drive, San Juan Capistrano

9 Beds, 11 Baths, 9,320 SqFt
BRAND NEW CONSTRUCTION! AMAZING OPPORTUNITY! Possibly the best-priced, LUXURY HOME on the market! Welcome to the 'Angel Dome Villa!' Uniquely crafted, located in an exclusive and private enclave of 8 residences. Nestled along the hillsides of beautiful and historic San Juan Capistrano. Minutes from the Beach and Downtown, this spectacular home is destined to be one of the most iconic homes ever built in S.J.C. The design was inspired by the
$2,450,000
 

27502 Via Saratoga, Dana Point

4 Beds, 5 Baths, 4,425 SqFt
Click The Camera VT1 Icon link for the Virtual Tour of this home.You can also copy and paste this link in your browser. https://youtu.be/_LhOEKfYk3E Extraordinary Ocean View Capistrano Beach Residence, Newly built in 2006 with a Short walk to the Beach. Highlights include Formal Living with soaring ceilings and fireplace. Formal Dining Room with French doors lends itself to entertaining on both a grand and intimate scale. The large Gourmet
$2,275,000
 

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.
$1,524,900
 

12 San Simeon, Laguna Niguel

5 Beds, 5 Baths, 4,551 SqFt
Location, Location, Location! Great opportunity in this Beautiful Guard gated community of Palmilla. Executive home w/stunning panoramic valley, city lights, mountain, views. Elegant floor plan w/dramatic formal entrance, gorgeous marble flooring. Formal living & dining rooms separated by a double sided fireplace. One downstairs bedroom w/en-suite bath, separate family room w/wet bar & fire place + an adjacent powder room. The kitchen
Reduced
$1,299,998
 

2396 Redlands Drive, Newport Beach

4 Beds, 2 Baths, 2,220 SqFt
Located in the Back Bay area of Newport Beach, this spacious 4 bedroom 2 bath home affords potential and privacy. Sitting on a large parcel, this property offers a recently updated private pool as well as formal living and family areas adjacent to the remodeled kitchen. With spacious bedrooms, and a split level floor plan this home also brings to the table an additional bonus room that is ideal for an added master suite , gym, or children's
$1,200,000
 

31471 West Street, Laguna Beach

2 Beds, 1 Bath, 1,416 SqFt
This is a unique investor opportunity in fantastic city of Laguna Beach!
New
$1,115,000
 

23 Calle Saltamontes, San Clemente

4 Beds, 4 Baths, 3,069 SqFt
EXQUISITE TALEGA POOL HOME IN THE BEAUTIFUL TRACT OF SANSOL! THIS HOME BOASTS 4 BEDROOMS 4 BATHS WITH COMPLETE PRIVACY!! THE HOME HAS WOOD FLOORS, GRANITE COUNTERS, WHITE CABINETRY, STAINLESS STEEL APPLIANCES, ENTERTAINMENT BUILT INS , SHUTTERS,PRIVATE POOL, SPA AND BUILT IN STONE BARBECUE AREA , 4 LARGE BEDROOMS UPSTAIRS AND A JACK AND JILL BATHROOM WITH DUAL SINKS, 3 CAR EPOXIED GARAGE WITH QUALITY BUILT INS! THE TALEGA COMMUNITY HAS AN
$999,000
 

27941 Rural Lane, Laguna Niguel

5 Beds, 3 Baths, 2,410 SqFt
Sitting on an elevated lot, with no home behind you and mountain and sunset views from the Master bedroom, this home will not disappoint. A gracious entry reveals soaring ceilings, circular staircase, and a terrific, open floor plan. The kitchen/family room has a center island and fireplace flanked by handsome bookcases. A downstairs bedroom and bath are perfect for extended family. Don't forget to open the "secret" door in the laundry
$923,000
 

1675 New Hampshire Drive, Costa Mesa

4 Beds, 3 Baths, 2,063 SqFt
Your family will love this spacious, remodeled two-story beauty, in the desirable State Streets area of Mesa Verde. This home was significantly rebuilt ten years ago, to approximately double its original size. The roomy, open kitchen is an entertaining cook's dream, with a JennAir professional cooktop, dual ovens and warming drawer. The kitchen and dining room both open into a large living room, with soaring cathedral ceilings. One bedroom
$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
$850,000
 

25692 Park Avenue, San Juan Capistrano

4 Beds, 3 Baths, 1,996 SqFt
This lovely 4 bedroom 2.5 bath home sits in the very desirable San Juan neighborhood of Park Place across from Del Obispo elementary school. This home has had loving care and shows like a model. Everything from the faucets and hardware to the tankless water heater to newer Lennox AC and heater is upgraded. The kitchen features granite counter tops, newer appliances including refrigerator and porcelain floors. The master suite with spacious
New
$849,000
 

25922 Pasofino, Laguna Niguel

4 Beds, 3 Baths, 1,965 SqFt
WHERE ELSE CAN YOU FIND A 4 BEDROOM SINGLE FAMILY HOME AT THE END OF A CUL-DE-SAC ON A LARGE LOT IN A GREAT NEIGHBORHOOD? THIS IS AN ABSOLUTE GEM. THIS HOME IS HAS 4 FULL BEDROOMS (ALL UPSTAIRS) AND A LARGE YARD, LARGE GARAGE WITH STORAGE, AN RV SIZED SIDE YARD WITH AVAILABLE EXTRA STREET PARKING, PLENTY OF ROOM FOR A POOL OR DESIGN YOUR ADU (AUXILIARY DWELLING UNIT) COMMONLY KNOWN AS A CASITA, OR IN-LAWS QUARTERS. ENJOY THE END OF THE
$830,000
 

2 Via Ceramica, San Clemente

4 Beds, 3 Baths, 2,400 SqFt
APPROVED SHORT SALE AT THIS PRICE, NO WAITING. Lovely upgraded Talega home by Standard Pacific, with dramatic and panoramic views. The home is located at the end of a cul-de-sac, with only one neighboring home on one side. The open floor plan features a kitchen with Thermador appliances, a spacious master suite, and a downstairs bedroom and bathroom--providing guest privacy or a perfect space for a home office. A 15-panel solar system is
$760,000
 

5 Kamalii Court 274, Newport Beach

3 Beds, 3 Baths, 1,622 SqFt
Newport Crest Townhome with attached 2 car garage.End unit allows for lots of natural light and has 3 balconies. Come and finish your beach home. Community pool & tennis. GREAT LOCATION - WALK TO THE BEACH, just minutes away from shopping, dining... Plenty of guest parking in the community.
$749,000
 

4832 Lindstrom Avenue, Irvine

3 Beds, 2 Baths, 1,312 SqFt
$680,000
 

1434 Montgomery Street, Tustin

3 Beds, 3 Baths, 1,804 SqFt
Wow, best location in the neighborhood with steps to Arlington Park. Centrally located in the Tustin Legacy community of Columbus Square, this lovely Plan 2 Meriwether town home offers 3 bedrooms and 2.5 baths in a spacious two level floor plan in approximately 1800 square feet. This Lennar built home has beautiful honey stained cabinets, granite counter tops, stainless steel appliances and stunning wood floors. All three bedrooms are upstairs
Reduced
$675,000
 

26471 Cortina Drive, Mission Viejo

4 Beds, 2 Baths, 1,924 SqFt
Fantastic opportunity to purchase a single family home in the highly desirable La Paz community. This 4 bedroom 2 bath home has plenty of potential. Oversized backyard is big enough for a pool and plenty of room to entertain. Walking distance to award winning schools: Mission Viejo High School, La Paz Intermediate School and Linda Vista Magnate Elementary School. Enjoy easy access to the freeway and the amenities of Lake Mission Viejo and the
$659,900
 

22121 Padova, Laguna Hills

4 Beds, 2 Baths, 1,366 SqFt
PRE-FORECLOSURE! Fix and save on this Laguna Hills Single Family Home! Enjoy the cool breezes at this 4 bedroom home nestled on a quiet cul-de-sac street. Double door entry leads into living room with cozy fireplace and tile flooring throughout. Roof is just a few years old, this home has good bones, it just needs some TLC....FIX & SAVE! Laguna Terrace community is conveniently located near schools, parks, freeways and Irvine Spectrum.
New
$629,900
 

13 Mejorana, Rancho Santa Margarita

3 Beds, 3 Baths, 1,551 SqFt
Nice 3 bedroom 2.5 bath home needing some Updating. 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.
$615,000
 

27885 Via Del Agua, Laguna Niguel

3 Beds, 3 Baths, 1,690 SqFt
Great View of Hills, Good Location in development. This detached home has 3 bedrooms and a loft. Open floorplan with a fireplace. The home is in a quiet neighborhood, close to the 73 & 5 freeways, and The Shops At Mission Viejo. The plan is $100,00 under two other homes with the same square footage. This is a fixer. This is for the person who wants to do their own thing.
$575,000
 

404 Paseo Ganso, San Clemente

3 Beds, 2 Baths, 1,618 SqFt
Fantastic opportunity to purchase a single family attached home in the highly desirable Seascape Village community. This 3 bedroom 2 bath 1618 sq ft home has plenty of potential!!! Walking distance to schools, shops and restaurants. Enjoy easy access to the freeway and the many amenities Seascape Village has to offer including 3 pools, spa, tennis courts and clubhouse. Enjoy the close proximity to great beaches, downtown San Clemente and Dana
$495,000
 

25892 Via Del Rey, San Juan Capistrano

4 Beds, 3 Baths, 1,965 SqFt
FIXER - SHORT SALE - STARTING ASKING PRICE $495,000, SUBJECT TO OVERBIDDING.

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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