Orange County Bank Foreclosures and REO homes

orange_county_bank_foreclosuresOrange 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:

Here's a map of Orange County's REO ( Real Estate Owned or Bank Owned) Homes. Read more about  foreclosed homes or Orange County REO homes.

Orange County Foreclosures and Bank Owned Homes

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $500,000 - $600,000 $600,000 - $700,000
$700,000 - $800,000 $800,000 - $900,000 $900,000 - $1,000,000
Over $1,000,000
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$6,795,000
 

89 Canyon Creek, Irvine

6 Beds, 11 Baths, 11.4k SqFt
Welcome home to the exclusive golf preserve of Shady Canyon, and to a faithful interpretation of a Tuscan Villa complete with a tower reminiscent of those of San Gimignano. The artistic blending of old world elegance with contemporary luxuries created this masterpiece. Situated on a commanding elevated corner lot, the architect's vision has been executed brilliantly by the very best craftsmen employing time-honored techniques while utilizing the
$4,995,000
 

12 Horizon, Newport Coast

6 Beds, 8 Baths, 9,930 SqFt
An amazing Pelican Hill opportunity awaits in Orange County’s most exclusive residential community. Customize and re-imagine this grand home of nearly 10,000 square feet, with a cul-de-sac location of over ½ acre. Its current design is well suited for resort style entertaining, and multi-generational living but this is your chance to make it your own. Currently, the main floor and upper level function like a traditional home which includes
$2,275,000
 

2856 Terry Road, Laguna Beach

4 Beds, 4 Baths, 2,598 SqFt
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.
$1,875,000
 

12 San Simeon, Laguna Niguel

5 Beds, 5 Baths, 4,551 SqFt
Location, Location, Location! Great opportunity in this Beautiful Guard gated community of Palmilla. Executive home w/stunning panoramic valley, city lights, mountain, views. Elegant floor plan w/dramatic formal entrance, gorgeous marble flooring. Formal living & dining rooms separated by a double sided fireplace. One downstairs bedroom w/en-suite bath, separate family room w/wet bar & fire place + an adjacent powder room. The kitchen
$1,720,500
 

1962 Lower Lake Drive, Santa Ana

6 Beds, 8 Baths, 6,376 SqFt
Excellent opportunity to own this custom home nestled in the Tustin foothills with views of the Saddleback mountains and overlooking Bent Tree park. The spacious 6 bedroom layout features a large great room and a library with coffered ceilings, a guest room with a full bath and kitchenette, an exercise room, a "safe" room and a play room off of the master suite. All bedrooms upstairs have en-suite bathrooms and walk-in closets. The
$1,456,000
 

21145 Ridge Park Drive, Yorba Linda

4 Beds, 6 Baths, 4,214 SqFt
WELCOME HOME TO THIS ESTATE HOME WITH 180 DEGREE CANYON AND CITY LIGHT VIEWS LOCATED IN THE WELL SOUGHT AFTER YORBA LINDA EQUESTRIAN NEIGHBORHOOD WITH BEAUTIFUL EQUESTRIAN AND WALKING TRAILS, WIDE STREETS. LARGE, OPEN GOURMET KITCHEN. CENTER ISLAND WITH PREP SINK. DUAL CONVECTION OVENS, SUB ZERO REFRIGERATOR, KITCHEN AID DISHWASHER. TRASH COMPACTOR, AUTO ICE MAKER AND COMPACT REFRIGERATOR. WALK IN PANTRY. OPENS TO FAMILY ROOM WITH FIREPLACE.
$1,320,000
 

5500 Kodiak Mountain Drive, Yorba Linda

5 Beds, 4 Baths, 3,800 SqFt
Yorba Linda Bryant Ranch Pool Home Features 5 Bedrooms and 4 Bathrooms. 3,800 Square Feet. 4 Car Attached Garage. Swimming Pool and Spa. Located on a 18,592 Square Foot Corner Lot. Built in 1999.
$1,110,000
 

1216 California Street, Huntington Beach

4 Beds, 5 Baths, 2,802 SqFt
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
$999,999
 

20680 Manzanita Avenue, Yorba Linda

5 Beds, 3 Baths, 2,928 SqFt
Location, Location, Location! This must-see home offers 5 bedrooms and 3 baths with 2,928 sqft of living space and a lot of 12,000 sqft. to host your guest or growing family. Enjoy the look and feel of the wood and travertine flooring or simply enjoy the pool, spa, and waterfalls. The entertainer's paradise is rounded out by two covered patios and an outdoor kitchen. The master bath features a double vanity, soaking tub, a walk-in shower and two
$999,000
 

27941 Rural Lane, Laguna Niguel

5 Beds, 3 Baths, 2,410 SqFt
Sitting on an elevated lot, with no home behind you and mountain and sunset views from the Master bedroom, this home will not disappoint. A gracious entry reveals soaring ceilings, circular staircase, and a terrific, open floor plan. The kitchen/family room has a center island and fireplace flanked by handsome bookcases. A downstairs bedroom and bath are perfect for extended family. Don't forget to open the "secret" door in the laundry
Reduced
$899,000
 

24811 Stonegate Lane, Laguna Niguel

3 Beds, 3 Baths, 2,006 SqFt
INCREDIBLE LOCATION, WIDE SPANNING AND BREATHTAKING PANORAMIC VIEWS ENCOMPASSING SADDLEBACK MOUNTAINS, VALLEYS AND HILLSIDES FOR MILES, SINGLE LOADED STREET, NEAR PARK AND TENNIS COURTS, LARGE BACKYARD, EXTENDED DRIVEWAY AND EXTENSIVE COASTAL HOME REMODEL... THIS HOME HAS IT ALL! All living areas, rooms, bathrooms, kitchen, laundry and linens area upgraded in 2020 with a cohesive designer style! Model perfect kitchen with brand new premium
New
$780,000
 

13901 Dall Lane, North Tustin

4 Beds, 2 Baths, 1,874 SqFt
Fantastic opportunity to purchase a single family home in this highly desirable North Tustin neighborhood. This 4 bedroom, 2 bath, single-level home stands ready to make your home ownership dreams come true. Oversized backyard is big enough for a pool and plenty of room to entertain. Boasts a large living room with fireplace, and a family room which opens to the kitchen. Ample parking with a 2-car garage and plenty of additional
$779,000
 

3769 Camino Cermenon, Yorba Linda

4 Beds, 3 Baths, 2,275 SqFt
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.
$760,000
 

5 Kamalii Court 274, Newport Beach

3 Beds, 3 Baths, 1,622 SqFt
Newport Crest Townhome with attached 2 car garage.End unit allows for lots of natural light and has 3 balconies. Come and finish your beach home. Community pool & tennis. GREAT LOCATION - WALK TO THE BEACH, just minutes away from shopping, dining... Plenty of guest parking in the community.
$675,000
 

26471 Cortina Drive, Mission Viejo

4 Beds, 2 Baths, 1,924 SqFt
Fantastic opportunity to purchase a single family home in the highly desirable La Paz community. This 4 bedroom 2 bath home has plenty of potential. Oversized backyard is big enough for a pool and plenty of room to entertain. Walking distance to award winning schools: Mission Viejo High School, La Paz Intermediate School and Linda Vista Magnate Elementary School. Enjoy easy access to the freeway and the amenities of Lake Mission Viejo and the
$639,900
 

7606 El Ferrol Way, Buena Park

3 Beds, 2 Baths, 1,047 SqFt
Move-In Ready fully updated 3 Bedroom, 1.5 Bath home in the City of Buena Park. This property features a good size living room-dining room combo, brand new laminate flooring in the living room, hallway, bedrooms, dining room, stainless steel appliances, new kitchen cabinets, new kitchen and bathroom counter tops, farmer sink, Central Air & AC, solar panel system (not leased), all brand new windows, upgraded 200 AMP electrical service panel,
$599,000
 

2901 W Lingan Lane, Santa Ana

4 Beds, 3 Baths, 1,788 SqFt
AWESOME Windsor Village Home for Sale. Your new home has 5 bedrooms, 3 bathrooms and room for everybody! Although this home is a cosmetic fixer, the heavy lifting has already been done: There's a new roof, new electrical service, and new windows/patio doors. Bring your paint brush and finish making this YOUR new home.
$575,000
 

404 Paseo Ganso, San Clemente

3 Beds, 2 Baths, 1,618 SqFt
Fantastic opportunity to purchase a single family attached home in the highly desirable Seascape Village community. This 3 bedroom 2 bath 1618 sq ft home has plenty of potential!!! Walking distance to schools, shops and restaurants. Enjoy easy access to the freeway and the many amenities Seascape Village has to offer including 3 pools, spa, tennis courts and clubhouse. Enjoy the close proximity to great beaches, downtown San Clemente and Dana
$509,900
 

8570 Lake Knoll Avenue A, Garden Grove

3 Beds, 3 Baths, 1,741 SqFt
Spacious end unit. Completely renovated townhouse ready for new owner. Double door entry into a large living area with formal dining area. New kitchen cabinets and counter tops. New appliances and fixtures. Freshly painted interior with updated flooring throughout. Bedrooms have fresh paint, new light fixtures and new carpeting. New garage door with direct access to home. Indoor laundry area. Centrally located near schools and transportation.
Reduced
$365,000
 

500 N Tustin Avenue 126, Anaheim

2 Beds, 2 Baths, 866 SqFt
Welcome to the charming " Pinetree Village" gated community. This is an airy 2 bedroom/2 bath unit in canyon high/ orange unified school district. This townhouse was freshly painted and new flooring throughout upstairs and downstairs. There are plenty of amenities in this community such as a community pool , clubhouse and community laundry very close by. The roofs were replaced just a couple years ago. The community is close to the

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.

Bank Owned homes for sale in Orange County CAOrange 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 March 28th, 2020 at 10:36pm PDT. 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.