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 Under $100,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $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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$7,200,000
 

59 Copper Creek, Irvine

7 Beds, 12 Baths, 11k SqFt
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 immense lot exceeding an acre, 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
$2,660,000
 

45 Poppy Hills Road, Laguna Niguel

6 Beds, 7 Baths, 5,586 SqFt
Prime location behind the gates at Ocean Ranch. Your chance to live in one of South Orange County’s premier guard gated communities just minutes from the beach! Enjoy stunning ocean views from this wonderful spacious 2 level home. This sprawling 6 bedroom home has it all. As you walk in you notice the wrought iron spiral staircase with vaulted ceiling featuring skylights for added natural light in the foyer. Office located downstairs with
$1,710,000
 

26751 Dominion Way, San Juan Capistrano

5 Beds, 5 Baths, 5,300 SqFt
Feel as though you’ve escaped to the countryside in this highly desireable gated estate in "The Acreage" in one of San Juan Capistrano's most sought after equestrian neighborhoods. Just 10 minutes from the Pacific Ocean with quick i-5 freeway/ 73 tollroad access. This estate home features five bedrooms and five baths. Located at the end of a four home cul de sac with a lot size of just under 30,000 sf. Used brick and wrought iron
Reduced
$1,306,250
 

18341 Valley Drive, Villa Park

5 Beds, 8 Baths, 7,756 SqFt
VILLA PARK CUSTOM ESTATE WITH VIEWS. NEEDS WORK. BUYER TO INVESTIGATE STRUCTURAL INTEGREGITY DUE TO NOTED CRACKING THROUGHOUT THE HOME AS WELL AS THE EXTERIOR. GATED DRIVEWAY. GATED POOL AND SPA WITH DETACHED POOL HOUSE.
$1,195,000
 

23669 Castle Rock, Mission Viejo

4 Beds, 3 Baths, 3,972 SqFt
Craftsman style five bedroom, three bath home with almost 4,000 sf located in the GUARD-GATED community of Stoneridge. Remodeled three level luxury home on large lot with city lites views! Beautiful curb appeal with Flint stone hardscaping, professionally manicured landscaping and lush privacy trees. The Kansan model of D.R. Horton’s Grand Traditions has a two story ceiling formal entry with front staircase, travertine flooring, living room with
$1,048,000
 

21871 Winnebago Lane, Lake Forest

3 Beds, 3 Baths, 2,267 SqFt
Lowest price available with a boat dock, bank owned property, good shape for a foreclosure, very open floor plan, kitchen island overlooks the entire first floor with a water view, french doors across the back of the home, cut stone patio, great views very close to the resort-like Sun and Sail Club with 4 pools, basketball court, volleyball, children's play area, tennis courts, inside workout room with view of the lake, party room, locker room
$1,001,500
 

38 Coronado Pointe, Laguna Niguel

4 Beds, 5 Baths, 4,831 SqFt
Enjoy gentle ocean breezes and exquisitely manicured grounds in the exclusive guard gated enclave of Coronado Pointe. This majestic collection of homes with panoramic views of the mountains and city lights is the epitome of California coastal living at its finest. Just up the hill from some of Southern California’s finest beaches and the award winning Monarch Beach, Ritz Carlton and Montage resorts. Minutes from the charm of downtown Laguna
New
$985,000
 

31 Goldbriar Way, Mission Viejo

4 Beds, 4 Baths, 3,618 SqFt
Great executive home, 4 bedroom, 3 bath, approximately 3600 sq. ft. with lots of upgrades. Built in early 2001. Large master bedroom; formal living room; den on 1st floor; loft on 2nd floor; and bonus room on the 3rd floor. Family room with fireplace adjacent to the spacious kitchen with generous cutting boards, butler pantry, kitchenette, and an additional dining area at the entry to the finished patio that offers the openness of being on top
New
$870,900
 

20120 Channing Lane, Yorba Linda

5 Beds, 3 Baths, 2,719 SqFt
Two story home located on cul-de-sac in highly desired East Lake Village. Home features 5 bedrooms, 3 bathrooms, and over 2,700 sq ft. Located near schools, parks, shopping, dining and convenient freeway access.
$819,000
 

2630 Via Cascadita, San Clemente

3 Beds, 2 Baths, 1,514 SqFt
REDUCED TO SELL. SELLERS WANT THIS SOLD NOW...Ultimate Beach Retreat located in the Shorecliffs community of San Clemente. Situated on the Ocean side of the freeway, you can walk, or take your golf cart to the Shorecliff private beach club. This single level completely remodeled home boasts 3 bedrooms and 2 full baths. Each bedroom has mirrored wardrobe doors and also ceiling fans. The master bedroom will have wonderful views and has direct
Reduced
$790,000
 

2288 Pickwick Place, Fullerton

4 Beds, 3 Baths, 2,208 SqFt
Great Cul-de-Sac location with a downstairs master bedroom and master bathroom in a sought after school district! 1 Bed & 1 Bath Was Added Upstairs With Permit per previous seller. Large Nice Backyard With Deck And Fire Pit. Close to walking trails, parks and Fullerton Loop Biking trail! Nice Community Pool, Tennis Court, Walking Trail as well.
$775,000
 

2120 Brookhaven Avenue, Placentia

4 Beds, 3 Baths, 2,268 SqFt
Amazing Single Story Placentia Home! Featuring a remodeled kitchen with custom cabinetry, large high end granite island, soft close drawers, stainless steel appliances with double oven. Many upgrades include recessed lighting, tile flooring, crown molding, chair railing, ceiling fans, newer roof, double pane windows, and 29 solar panels. This home features an open concept floor plan with kitchen area opening up to spacious family room with cozy
$775,000
 

17 Tuscany, Ladera Ranch

4 Beds, 3 Baths, 2,567 SqFt
REDUCED! Four bedroom VIEW Castillina townhome located in the prestigious guard gated community of Covenant Hills. Freshly painted, new carpet, updated master bath counters, flooring and free standing tub. The HOA recently did some exterior painting. Indoor outdoor living with French doors in the living room opening to the spacious view backyard. Kitchen has a center island, wine refrig. and opens to a family area with a fireplace. There is a
$749,900
 

3711 W Balboa Boulevard, Newport Beach

2 Beds, 2 Baths, 737 SqFt
Location, Location Location. short walk to the beach. Courtyard facing local park. comes with 2 tanden parking spaces in covered garage. Great potential for buyer willing to do their own home improvements. Very convenient to public transportation and local stores and eateries and entertainment. Enjoy all the local water activities and tours. Nearby beach and pier very close by.
$749,900
 

4791 Karen Ann Lane, Irvine

3 Beds, 2 Baths, 1,752 SqFt
Great investor opportunity to purchase in the highly desired El Camino Real. Single story home features 3 bedrooms, 2 bathrooms and is located on corner lot. Exterior features include a mostly enclosed front yard with mature trees and fully enclosed back yard with covered patio. Located near parks, schools, shopping, dining and easy freeway access.
$603,250
 

16612 El Cajon Avenue, Yorba Linda

3 Beds, 2 Baths, 1,614 SqFt
Great opportunity to own a single family home in the great city of Yorba Linda. Located at the end of a cul-de-sac; this home is centrally located – close to schools, shopping, places of worship and the trails of Yorba Linda. 3 Bedrooms and 2 Bathrooms. Living room with fireplace. Dining room. Family/great room/den with brick fireplace. Large yard with in ground pool and spa (needs maintenance). Bring this home back to its previous luster,
New
$591,200
 

13262 Blue Spruce Avenue, Garden Grove

3 Beds, 2 Baths, 1,276 SqFt
This single family residence features three bedrooms and two baths with two car attached garage. Kitchen area with plenty of cabinet space with dining area. Living room and bedrooms carpet has been removed. In ground pool in background. Property consists of approximately 1,276 square footage of living space.
New
$559,000
 

10915 Gilbert Street, Anaheim

4 Beds, 2 Baths, 1,516 SqFt
This West Anaheim single level home has 1,516 square feet with four bedrooms and two full baths. Floor plan features living room with vaulted ceiling; formal dining area; breakfast nook in kitchen; master bedroom with private bath and dual walk-in closets with mirrored wardrobe doors; attached two car garage with direct access and pull-down ladder for attic storage; convenient inside laundry. Spacious rear yard is loaded with potential.
$535,000
 

46 Via Brida, Rancho Santa Margarita

3 Beds, 3 Baths, 2,374 SqFt
Distressed property with great potential. Four bedrooms, 2-1/2 baths plus bonus room and loft (4th bedroom has no closet). Good location in desirable Melinda Heights neighborhood. Property is in poor condition with significant plumbing issues and requires a cash buyer. Currently an REO but there is an unsatisfied first trust deed which will likely result in a short sale.
$474,900
 

236 E Jeanette Lane, Santa Ana

2 Beds, 3 Baths, 1,345 SqFt
ENJOY URBAN LIVING AT THE CITY PLACE IN SANTA ANA. GREAT TRI-LEVEL 2 BEDROOM, 2.5 BATHROOM INTERIOR UNIT. 2 CAR ATTACHED GARAGE.

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 February 18th, 2019 at 8:31pm 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.