Irvine Bank Owned Foreclosures & REO Property

Looking for a bargain home in Irvine 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 Irvine at a below market price. Feel free to browse the current inventory of Irvine 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 Irvine Foreclosures

Irvine Foreclosure Real Estate Listings

All Listings $1,000,000 - $1,500,000 $5,000,000 - $7,500,000
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$6,995,000
 

89 Canyon Creek, Irvine

6 Beds, 11 Baths, 12k SqFt
**APPROVED SHORT SALE*** Approved, in writing, ready to close at a price BELOW ALL OTHER CLOSINGS IN SHADY IN THE PAST 3 YEARS (based on $/sq.ft). Previous buyer was unable to perform. This custom Shady Canyon estate sprawls over 12,000 square feet of living space (and a large 2000+ square foot garage) on over 2/3 acres private lot. This home is made to entertain and considering the price, a steal! The Santa Barbara inspired home and grounds
$1,050,000
 

10 Cornwallis, Irvine

4 Beds, 3 Baths, 2,470 SqFt
Beautiful home in the highly desirable area of Irvine! Nestled in a quiet community with NO HOA! I repeat NO HOA fees! This home is mins from shopping, freeways and the Oak Creek Golf Club. And it is literally 3 houses down from Carrotwood Park! As for the home itself, you walk in to a huge open space with a vaulted ceiling in the living room which includes a skylight! The family room is right next to it split by a quaint double ended fireplace.

More About Irvine Foreclosures

Costly Mistakes To Avoid When Buying A Irvine 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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