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
|$5,000,000 - $7,500,000
243 Via Ballena, San Clemente
Welcome home to the city of San Clemente, and to the coveted community of Shorecliffs. The city is home to the former Western White House, great surfing, and perhaps the center of the media world for surfing magazine publishing. This three bedroom, two bathroom home features a dining room, living room, and a family room with sunset views, a gated courtyard complete with pool, and a rear yard sited so that it provides you with an ocean view from
32936 Paseo Del Lucero, San Juan Capistrano
THIS HOME IS READY FOR A REMODEL. IT IS LOCATED IN BEAUTIFUL HARBOR LANE - APPROX 2 MILES TO THE OCEAN. . THE EXTERIOR HAS BEEN UPGRADED . IT BACKS UP TO THE LARGE COMMUNITY POOL. THE ASSOCIATION IS ONLY $100 MONTHLY, AND IT INCLUDES PAINTING OF THE HOUSES EVERY 5 YEARS, MAINTAINING THE COMMON AREA AND THESE HOMES ARE ON PUBLIC STREETS.
HURRY, IT WON'T LAST
16 Robins Tree Lane, Irvine
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.
2 Via Ceramica, San Clemente
Beautiful upgraded home with dramatic and panoramic views of hills and valleys of Talega situated on 6000+ square foot lot at the end of a cul-de-sac. All Thermador appliances installed. 3 bedrooms with a spacious master suite upstairs and one bedroom with a bathroom downstairs offer full privacy your visitors or the perfect quite space for your home office. The home comes with 15 panel solar system installed in this gorgeous home. Buyer to take
19 Tiara, Irvine
Attention Investors, Buyers, this 5 bed, 3 bath 2,556 sq/ft property is the lowest priced active listing on the market in this tract, $410 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 including Tennis and
53 Marbella, San Clemente
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
101 Hallmark, Irvine
Highly desired Woodbury’s Four Quartets community in Irvine!! This one-level home is on the ground floor with two spacious bedrooms and two full baths. Two-car direct-access attached garage. Laminated flooring throughout, except two carpeted bedrooms, and tiled bathrooms. Walk-in closet in the master suite and the dual vanities. Convenient inside laundry closet. Community offers beautiful trees and trails, parks, tennis court, playground,
23274 Orange Avenue 4, Lake Forest
Fantastic deal on a 2 bedroom/1 bathroom condo in popular Lake Forest. This upstairs home features vaulted ceilings, recessed lighting, ceiling fans, large kitchen with lots of cabinets, 6 panel doors and more! This home is light and bright. The generous bedrooms are on either side of the bathroom. The living room has a slider to the balcony where the side by side washer and dryer hookups are located. FHA and VA approved tract. 1 assigned
24941 Nellie Gail Road, Laguna Hills
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
1319 Alabama Street, Huntington Beach
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.
31862 Via Puntero, San Juan Capistrano
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.
51 Tesoro, Irvine
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
6472 Yale Circle, Huntington Beach
Beautiful Single Level 4 bedrooms, 2 baths located at the end of a Cultisak near the shopping mall and the 405 frwy. This home features a 2 car garage, 4 additional parking spots outside the garage. Back yard is filled with different types of fruit trees. This property was built in 1962 and has original hardwood floors and several modern upgrades. Schools, Malls and the 405 Frw are all close by.
28102 Bluebell Drive, Laguna Niguel
Four bedroom, 2 bath corner home located in the Lake Chateau community in Laguna Niguel. Master suite and secondary bedroom upstairs and 2 other bedrooms on the main floor. Living room has a fireplace and French doors opening to the hardscaped backyard. Spacious kitchen has a large bay window and an eating area. Home also features a dining area and a 2 car attached garage with driveway parking as well. Community pool and spa is very close to the
2238 Continental Avenue, Costa Mesa
Welcome to 2238 Continental Avenue in the ‘City of The Arts”, Costa Mesa. Presenting an exciting opportunity to own one of the rarely available homes in the tract. As you drive up to the home, you are greeted by mature greenery and a well-manicured front yard. The oversized front driveway is a unique feature of this home. Upon entry of the home, you will begin to take in the upgrades the home presents. The property has been renovated from floor
18 Melody Lane, Ladera Ranch
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
108 Tierra Plano, Rancho Santa Margarita
This beautiful three bedroom and three bathroom townhome features vaulted ceilings, a large enclosed yard, and a two car attached garage. The home is located within steps of the community pool and spa. Children can walk to the award winning school, parks and city community center. Conveniently close to the toll roads for commuters that need to head North, West, or East. Close to markets, restaurants, churches, stores and parks.
41 Blakemore Drive, Ladera Ranch
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,
20 Paseo Canos, San Clemente
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.
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,
364 Princeton Drive, Costa Mesa
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
15 Oak Canyon, Coto De Caza
APPROVED SHORT SALE AT LIST PRICE! 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
508 Westminster Avenue, Newport Beach
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
2112 E Balboa Boulevard, Newport Beach
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
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.