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
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.
$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.
$2,450,000
 

27502 Via Saratoga, Dana Point

4 Beds, 5 Baths, 4,425 SqFt
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 Kitchen with stainless steel appliance, large center island with granite counter tops opening to family room with custom built in cabinetry and
New
$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
 

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,
$2,300,000
 

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.
$1,145,000
 

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.
$1,110,000
 

1216 California Street, Huntington Beach

4 Beds, 5 Baths, 2,802 SqFt
Welcome home to the city of Huntington Beach, the city that is known around the world as- SURF CITY U.S.A.! You are so close to the beach and the sand that you will need to remember to wash the sand off your feet when you get home. The property may be the perfect balance between providing ample interior living space while reducing yard work so you can surf more! The property features four bedrooms, four full bathrooms, a powder room, a formal
$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
$980,500
 

2511 Via Durazno, San Clemente

4 Beds, 3 Baths, 3,210 SqFt
Built in 1993, this charming single family residence features four bedrooms and three baths with three car attached garage. Grand living room and dining area. Family room with fireplace and lots of natural lighting. Nice size kitchen with island and plenty of cabinet space. Master bedroom/bath with dual sinks and step-in tub besides nice size shower. Carpet in bedrooms. Backyard with inground pool and lots palm trees
New
$925,000
 

27041 S Ridge Drive, Mission Viejo

3 Beds, 4 Baths, 3,504 SqFt
Located in the Anacapa subdivision, this Pacific Hills pool home features a large foyer with high ceilings, a formal living room, family room with fireplace, and a dining room. The large kitchen features a center island, with custom cabinets and recessed lighting. The kitchen is open the the family room. There is a huge master suite upstairs, with its own retreat and fireplace, and huge walk-in closet. Separate indoor laundry room. Nearby
$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
$898,850
 

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
$876,400
 

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.
$865,000
 

27302 Galvez Lane, Mission Viejo

4 Beds, 3 Baths, 2,632 SqFt
Completely remodeled 2-story Madrid home in southern MV. Property has been renovated with newer kitchen and bathrooms, dark laminate flooring throughout, Open concept floor plan with high ceilings and crown molding. This 3 bedroom plus Office/loft or/4th bedroom is an energy efficient home with SOLAR SYSTEM (Owned) newer HVAC system, tankless water heater, dual pane windows, and ceiling fans. All bedrooms are upstairs in addition to Loft area
$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.
$775,000
 

5062 Caspian Circle, Huntington Beach

4 Beds, 2 Baths, 1,862 SqFt
Charming single story pool home on a cul-de-sac street! The gated front courtyard leads you inside the garage conversion and chef's kitchen with an oversized island. There are four bedrooms down the hallway and the master bedroom has an ensuite bathroom with custom shower. The backyard features a sparkling pool with a brand new pump and filter. Bring your hammer and nails to make this property your own!
$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
$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.

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.