Foothill Ranch Bank Owned Foreclosures & REO Properties

Looking for a bargain home in Foothill Ranch for your family or an investment? Bank foreclosures, bank owned or REO's homes (one in the same) may be the best opportunity to purchase a home in Foothill Ranch at a below market price. Feel free to browse the current inventory of Foothill Ranch bank foreclosures and sign up FREE for daily updates to ensure you receive all the new bank foreclosure listings right as they become available-updated daily. Read more about Foothill Ranch Bank Foreclosures

Foothill Ranch Foreclosed Homes for Sale

All Listings Under $500,000
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22216 Rim Pointe 7f, Lake Forest

2 Beds, 1 Bath, 957 SqFt
Cute and cozy 2 bedroom, 1 bath condo in Lake Forest. Light and bright open concept floor plan. 2nd Floor unit (no one above!). Come put your touch on this beautiful condo with walk-in closet, plenty of linen storage and 1 carport space. Plenty of on-site guest parking. Walking distance to restaurants, shopping, freeways and much more. Just minutes to Disneyland! This is a short sale and all terms and conditions are subject to lien

More About Foothill Ranch Foreclosures

Costly Mistakes To Avoid When Buying A Foothill Ranch Bank Owned or Foreclosure Home:

  • Not all foreclosures are a bargain
  • Overbidding, some properties are priced low but are bid higher than "market" value
  • No inspection necessary, we always recommend buyer's to conduct an inspection
  • No clear title, unpaid liens after closing can be a very unpleasant circumstance for a new owner
  • Not enough cash budgeted for closing costs, fees and unforeseen expenses
  • Not asking questions about all relevant permits, past due association assessments or dues

Experienced representation is very important in negotiating and buying a bank foreclosure. Unforseen circumstances can change a good deal into a not so good deal. Due to the high demand for foreclosures and the complexity of short sales, it is extremely beneficial to have Real Estate professionals who are experienced in getting your offer through while negotiating the best possible price along with protecting your interests throughout the escrow process. We are dedicated Realtors who have years of experience in negotiating the purchase of distressed properties. Please feel free to contact us for valuable insight on how to buy a bank foreclosure and/or short sale.

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