Orange County used to have few foreclosures, but this has changed over the past several years. The foreclosure and REO market in Orange County brings bargains to all types of home buyers: from condos and town homes, single family homes, to high end luxury homes.
With foreclosures and short sales, not only is market knowledge important to have, but to also have access to the right properties at the right time with the right information is critical. When you buy a foreclosed home, you're cashing in on a home someone was no longer able to afford. Orange County Bank Foreclosures are a little difficult, but the potential to turn them over for a profit may be there. At OCDreamhomes and OCExecutives - our agents will check nearby for comparable homes to see if the asking price for a foreclosed home is, in fact, a bargain.
Bank Foreclosures in Orange County, or REO properties ( Real Estate Owned in Orange County) by city:
Welcome home to the exclusive golf preserve of Shady Canyon. Anthony Thibert of Maisons has created a master piece by his artistic blending of Old World elegance with contemporary luxuries. Situated on an estate sized parcel, the architect's vision has been executed brilliantly by the very best craftsmen employing time honored techniques while utilizing the finest materials. Of significant note, many features of the home were imported from
Luxury coastal living on the grounds of the Monarch Beach Resort. As you enter the one level home, the grand hallway leads you to the living areas, with a golf course view. A gourmet's kitchen, with granite countertop, Sub Zero, five burner Wolf gas stove, is open to the living and dining area. The master suite, with fireplace and a French door to a private patio, also has a golf course view. The master bath is complete with a soaking tub,
With a stunning 2008 renovation by Laguna Beach architect Drew Blake, this home has been tastefully updated with a 2019 vibe. Mr. Blake’s vision remains the same, with two expansive viewing decks overlooking iconic Victoria Beach. A newly renovated, open concept kitchen- family room, with custom cabinetry, quartz counters, and center- island capped with stainless steel is a subtle blend of neutral tones, allowing the views to take center stage.
Immaculate home at very private Cul-de-sac location with Classic & modern puts together this magnificent,enormous nearly 6000 sf story modern remodeled interior & 28,000 sf Lot landscaped estates in Old Sunny Hills.
Private Remote gated Circular in & out drive way. Presidential Grandeur double door entry into formal marbled foyer and to spacious architectural Living room with wood flooring, vaulted cathedral ceiling with two way
This beautiful home features 4 bedrooms and 3 bathrooms on a huge lot with mature trees. The property has been completely remodeled with new kitchen cabinets, counter tops and appliances.The bathrooms have been remodeled as well as new paint and flooring through out the house. The large Master bedroom and bathroom are spectacular which is on the 2nd floor. Close to nearby Schools, Shopping, Restaurants & Freeways.
Welcome home to the city of Huntington Beach, the city that is known around the world as- SURF CITY U.S.A.! You are so close to the beach and the sand that you will need to remember to wash the sand off your feet when you get home. The property may be the perfect balance between providing ample interior living space while reducing yard work so you can surf more! The property features four bedrooms, four full bathrooms, a powder room, a formal
Great corner lot home, across the street from a park. House was rebuilt in 2007, and has almost 3,500 square feet of living space. Four large bedrooms, with a master suite which has it's own bathroom and walk in closet and fireplace. Huge Great room/Bonus room/Game room (Can be used for different purposes) is directly above the garage. Family room downstairs has a fireplace as well. Separate laundry room.
Three-car garage. Large
Wonderful neighborhood of Serrano Heights - Nestled between Anaheim Hills and Villa Park. Great floor plan, located on a cul-de-sac with 5 bedrooms, 4 bathrooms on a 7,673 square foot lot with 3,885 of living space. 3 car attached garage. Archway entry with cathedral ceilings and curved staircase. Downstairs bedroom (was used as a den/office) and separate full bathroom. Living room with fireplace. Large, open kitchen space with granite counters
Built in 1993, this charming single family residence features four bedrooms and three baths with three car attached garage. Grand living room and dining area. Family room with fireplace and lots of natural lighting. Nice size kitchen with island and plenty of cabinet space. Master bedroom/bath with dual sinks and step-in tub besides nice size shower. Carpet in bedrooms. Backyard with inground pool and lots palm trees
Great interior tract Rossmoor location. Britney Garden model features hardwood floors throughout the living room, dining room, and kitchen. Living room has recessed lights, built-ins and fireplace, Dining Room with built-ins and French doors to exterior covered patio, Kitchen with granite counter-tops, and Master bedroom has a walk-in closet. Detached 2 car garage and large backyard covered patio and laundry room. Award wining Los Alamitos
A+ interior center tract location in Rossmoor. Ranch floor plan with 4 bedrooms and 2 baths with second floor and family room addition. Features include gas fireplace in living room, separate family room with a custom built-in bar, kitchen with garden window, inside laundry, Central AC / Heat, and dual pane windows throughout. Backyard has custom planters with irrigation and extended paved side driveway for potential extra parking. Award
PERALTA HILLS POTENTIAL…. VALUE IS IN THE LAND. 1 ACRE FLAT LOT WITH THE POSSIBILITY TO BUILD A LARGE, CUSTOM ESTATE HOME. HOME/STRUCTURE ON THE LOT HAS SUBSTANTIAL DEFERRED MAINTENANCE AND MAJOR REPAIRS NEEDED TO MAKE IT LIVEABLE. SEVERAL ACTIVE ROOF LEAKS, PLEASE BE CAUTIOUS WHEN ENTERING THE HOME. GREAT POTENTIAL TO BUILD YOUR DREAM HOME AND LIVE AMONGST MULTI-MILLION DOLLAR ESTATES.
Great Price for Spacious 5-Bdrm Brighton Ridge Estate with Beautiful View of the Hills! CALIF DISTINGUISHED SCHOOLS: Bryant Ranch Elementary, Travis Ranch Middle & Yorba Linda High - Premium 17,550-SqFt Usable Lot has Space for a Pool, Spa, BBQ & More - Great Location on a Private Single-Loaded Street ... Lots of Guest Parking! Spacious 3,226 SqFt Floorplan has 5 Bedrooms & 3 Bathrooms, Including a Main Floor Bedroom & Bath with
4 Bed 2 Bath home on a HUGE .55 ACRE LOT! This is one of the largest residential lots in all of Garden Grove! Plenty of room to expand or even potentially add an ADU! This beautiful home is located in the center of Garden Grove and is just minutes from Beach BLVD and the 22 Fwy. The home boasts an open floor plan with a large living room, kitchen and dining room. The kitchen has a new stainless steel fridge, oven, microwave, and dishwasher. The
Built in 2000, this charming two story property features five bedrooms and three baths with three car attached garage. Rear patio. Living room entrance. Nice size kitchen with plenty of cabinet space and island. Carpet in bedrooms. Family room with fireplace and built in shelving.
Built in 2003, this charming Colonial style two story property features four bedrooms and 2 1/2 baths with two car attached garage. Living room entrance with dining combo. All bedrooms located on second floor. Possible roof damage. Property consists of approximately 2,275 square footage of living space. City views from the backyard.
Price Improved! Two level detached home in the lovely West Irvine neighborhood. Spacious floorplan with 3 bedrooms and 2.5 bathrooms. Large family room with fireplace and dining area with view of pool; tile counters and flooring in kitchen; convenient inside laundry room on second floor. Ideally located near Comstock Park and Peters Canyon Hiking & Riding Trail. NO HOA DUES! Repairs needed; Property sold As Is.
Charming single story pool home on a cul-de-sac street! The gated front courtyard leads you inside the garage conversion and chef's kitchen with an oversized island. There are four bedrooms down the hallway and the master bedroom has an ensuite bathroom with custom shower. The backyard features a sparkling pool with a brand new pump and filter. Bring your hammer and nails to make this property your own!
Price Reduced! Two level home in great Orange neighborhood. Location convenient to Santiago Canyon College, Peters Canyon and Irvine Regional Park. Open floor plan with 2,839 square feet on large 7,150 square foot lot. Features include formal entry with double entry doors; sunken living room with vaulted ceiling and formal dining area; spacious kitchen open to family room with fireplace and wet bar; second floor master suite with walk-in closet
Wonderful two story, four bedroom, two and a half bath home for sale by HUD. Hurry to this amazing home where a little elbow grease will go a long way towards some sweat equity! This home offers large open living room and dining room combo, large kitchen with adjacent family room. Large bedrooms and bathrooms and an oversized insulated garage with laundry room. This home has ample space in back and front. This is a great opportunity to buy
Orange County REO and Foreclosure Properties For Sale:
Orange County Foreclosures: A REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction ( when the owner stopped payments and lender took over the home). Most of foreclosure auctions do not result in bids or sales because if there was enough equity in the property to satisfy the loan, the owner would more likely have sold the property and paid off the bank. That is why the property ends up at a foreclosure or trustee sale.
A foreclosure sale will begin with a minimum bid that includes the loan balance, interest, plus attorney's fees and any costs association with the foreclosure process. If you want to bid in a foreclosure auction, you must have a cashier's check in your hand for the full amount of your bid. If you are the successful bidder, you receive the property in "as is" condition, which may include someone still living in the property. There may also be other liens against the property.
Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auctions result in a successful sale. Then the property "reverts" to the bank. It becomes an REO, or "real estate owned" property.
Orange County REO's: the bank now owns the property and the mortgage loan no longer exists. The bank will handle any evictions, and may even do some repairs before listing the property for sale. The banks remove the tax liens and pay off any HOA dues if existent. When a buyer purchases a REO, a title insurance policy and the opportunity to investigate the property. A bank owned property might not be a great bargain. Do your homework before making an offer. Make sure that the price you pay (if you’re successful) is comparable to other homes in the neighborhood. Consider the costs of renovation, and be careful with over bidding and pay over market value. For the most part , in Orange County when a REO becomes available, there's multiple offers on the home, so the highest and best offer will be submitted by the listing agent to the bank. There's no waiting around like in short sales, as the price has been already approved and in the majority of the cases, is a short escrow. REO's and some standard sales are the best bets for those buyers looking for a quick escrow and to move into the property fast.
Based on information from California Regional Multiple Listing Service, Inc. as of December 6th, 2019 at 3:55pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.