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
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$455,000
 

50 Santa Barbara Court, Lake Forest

2 Beds, 3 Baths, 1,093 SqFt
Rarely does an executive dual master end unit town-home with an attached two car garage come onto the market with a price tag below $500,000 - and no Mello Roos! Super low property tax rate. This home is available for sale for the first time since 2004 and won't last. Located away from streets or pool noise, this home enjoys beautiful foothill scenery with quiet serenity. Space saving custom built ins and a private balcony patio in one bedroom

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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