Lake Forest Bank Owned Foreclosures & REO Properties

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

Lake Forest Foreclosure Real Estate Listings

All Listings Under $500,000 $500,000 - $700,000
$2,000,000 - $2,500,000
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$2,199,000
 

21631 Montbury Drive, Lake Forest

6 Beds, 5 Baths, 5,685 SqFt
This home has it all!! Fantastic horse zoned multi-tiered lot with panoramic views including city lights, mountains and ocean! This entertainers home features an open living space with family room, kitchen, large dining nook and wet bar that opens to the backyard where a cabana encompassing an outdoor kitchen, large heated pool and spa, firepit and stairs leading to a large balcony off the master bedroom are waiting for you to enjoy. Formal
New
$648,000
 

25190 Tia Court, Lake Forest

4 Beds, 2 Baths, 1,448 SqFt
Located on a small cul-de-sac with only 3 homes, this fixer is a great opportunity for some one to fix & save! 4 br single story on a large lot (almost 9000 sq ft) with pool and block wall fences. Large covered patio, plenty of storage areas. All 3 schools are one block away, no mello roos or association, low tax base, prime area, central to everything. Close to the woods walking trails, bike trails and Lake Forest sports park.
Reduced
$399,990
 

24216 Jasper Lake Lane 50, Lake Forest

2 Beds, 2 Baths, 1,211 SqFt
Short sale. Fixer needs major TLC and complete rehab. Great opportunity for investor or buyer that wants a project. Property is in private gated community and on the second level. Has two bedrooms, two full bathrooms, large balcony, and single car detached garage. Rooms and living room are spacious, especially master bedroom and bath. Separate laundry room inside unit. HOA pays for water and trash. Amenities include multiple pools, dog

More About Lake Forest Foreclosures

Costly Mistakes To Avoid When Buying A Lake Forest 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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