Newport Beach Bank Owned Foreclosures & REO Properties

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

Newport Beach Foreclosure Real Estate Listings

All Listings $3,000,000 - $4,000,000 Over $10,000,000
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$11,500,000
 

2000 E Oceanfront, Newport Beach

5 Beds, 6 Baths, 3,968 SqFt
As featured in Elizabeth McMillian's book "Beach Houses: From Malibu to Laguna," we are proud to present the iconic "Balboa Beach House." This treasure was designed by the late world renowned Arthur Erickson. This stellar property is a cohesive blend of steel, glass and stone, juxtaposed against the landscape of ocean and earth. The unique seaside estate situated on the secluded and private end of the Balboa Peninsula offers
$3,500,000
 

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 Bedroom / 7 Bathrooms & 6,850 square feet of living space (per owner/builder). Backyard w/ pool & spa. Short sale subject to lender approval. Property is being sold AS-IS.

More About Newport Beach Foreclosures

Costly Mistakes To Avoid When Buying A Newport Beach 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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