REO Properties and Foreclosure

REO or Real Estate Owned occurs when houses are foreclosed when property owners become unable to pay principal or/and interest payments due on their home loan. This property is then made to undergo a foreclosure process, resulting in an auction.

Ample time is provided to owners for remedying the situation before the house goes into foreclosure. Some people prefer this, since distressed properties are often available at discounts, providing more value for money.

These customers are looking for foreclosed properties caused due to financial issues faced by the owner.

There are many ways to find these properties. You also need to be aware of several things before finding yourself a proper agent/agency to help you out.

It helps to be aware of the reasons behind foreclosure and the process to be followed for finding and purchasing such properties.

REO Properties for Sale

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.

$779,000 Active

3769 Camino Cermenon Yorba Linda, California

4 Beds 3 Baths 2,275 Sq Ft

This wonderful home sits just across the street from the Los Coyotes Country Club! You must come and see it! Featuring 3 bedrooms, 2 bathrooms, an amazing open layout, 1,698 Sqft of living space, a large kitchen with an eating area, a huge living room with a fireplace, and a dining area! Other features include Original Hardwood Floors throughout and Central AC/Heat! The corner lot is a phenomenal size at 10,450 Sqft and features an attached 2 car garage and a covered patio! Thank you so much for viewing this home!

$670,800 Pending

4920 Sunnybrook Avenue Buena Park, California

3 Beds 2 Baths 1,698 Sq Ft

Price Improved! 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 and retreat area with fireplace; master bathroom includes dual sinks with large vanity and stall shower. Upstairs also features three additional bedrooms and a full bathroom. Inside laundry room and builder option 5th bedroom/office located downstairs. Short drive to Historic Old Towne Orange with its wonderful specialty shops and restaurants.

$669,900 Active

5430 E Partridge Lane Orange, California

4 Beds 3 Baths 2,839 Sq Ft

$649,900 Active

7606 El Ferrol Way Buena Park, California

3 Beds 2 Baths 1,047 Sq Ft

Beautiful turnkey modern home in Columbus Square complete with Crown Moulding and built ins. Home features newer paint in good condition with upgraded baseboards. Carpet throughout the upstairs is in very good condition. Rich hardwood flooring downstairs. Newer vinyl windows throughout. Kitchen features a large center island, stainless steel appliances, White tile countertops in very good condition. Large sliding glass door leading to side yard from kitchen eating area. Separate living room and family Equipment: Range/Oven. Heating: Forced Air Unit. Association Fee Includes: Common Area Maintenance. Unit Location: Detached. Sewer: Sewer Connected. Residential Styles: Detached. Water: Meter on Property.

$615,000 Pending

15212 Davenport Street Tustin, California

4 Beds 3 Baths 2,431 Sq Ft

Location, location, location! 916 E Everett Pl Orange, CA 92867. Large 3 Bedroom 2 Bath Home In Highly Sought Neighborhood. Separate Living & Family Rooms. Master Bedroom With Attached Bathroom. Fireplace In The Family Room. Granite Countertops In The Kitchen. Separate Laundry Room. Central Air & Heat, Two Car Garage. Long Driveway, Large Lot Approx 8,910 Sq Ft, With Unfinished Pool And Spa, And Backyard, Reflective In Price. Close To Chapman University, Angels Stadium and Honda Center. Easy Access To Freeways. Won't Last Long!!!

$599,900 Pending

916 E Everett Place Orange, California

3 Beds 2 Baths 1,726 Sq Ft

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. Community features include pool, gated entry , greenbelts and tennis courts. Nice quiet complex . Near major highways 22 and 405.Don't miss out on this opportunity.

$539,900 Active

8570 Lake Knoll Avenue A Garden Grove, California

3 Beds 3 Baths 1,741 Sq Ft

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Foreclosure Properties for Sale

Gorgeous Eastlake single level home with 3 car garage in the Regency area of Eastlake. This home has been professionally decorated and landscaped. The entry leads you to a formal combo Living/Dining Room. Next there is a generous sized Family Room and Kitchen. The Family Room has a Fireplace and built in sound system. The large Kitchen has granite counters and lots of cabinets. There is also a breakfast bar and eating area. There is a separate Laundry Room that leads to the 3 car garage with storage. The Master Bedroom is large with newer carpeting and access to the backyard thru sliding glass doors. The Master Bedroom suite has a beautiful soaking tub and a separate walk-in shower. There are dual wash basins and a walk-in closet. There are 2 secondary bedrooms with full baths. The home has dual pane windows, plantation shutters and the floors are marble, hardwood and the bedrooms have newer carpeting. The interior of the home has been recently painted. The interior colors are neutral so should blend well with most furniture. The backyard is ideal for entertaining with patio and built-in BBQ. Home is located on a cul-de-sac near the lake and clubhouse and pool.

$1,150,000 Active Under Contract

20055 Via Monita Yorba Linda, California

3 Beds 3 Baths 2,540 Sq Ft

Two Master suites. One downstairs, the second one has its' own balcony located on the second floor. Beautiful Home located in the city of Orange. Six bedrooms with five full bathrooms. The grand entry is gorgeous and shows the custom travertine floors, vaulted ceilings, granite finishes. Open floor plan with lots of natural light throughout. Very elegant formal living room with gas fireplace, large family room. The designer kitchen has beautiful granite counters, breakfast nook, pantry, and beautiful stainless steel appliances. This open floor plan leaves room for the owner to be unique and versatile. Master Suite bedroom located on the first floor has a walk-in closet, separate vanities, a bathtub, and shower. Located downstairs is another bedroom along with the second family/TV room, full bathroom, and laundry room. Second floor offers another master suite with a balcony and a full bathroom with separate vanities, bathtub, and shower. Another bedroom has a walk-in closet and its own large bathroom,2 other large bedrooms, and 1 more full large bathroom. Well kept backyard with fruit trees such as Avocado,Apple,Mango,Guava,Lemon,Lime,Orange,Tangerine,Fig,Plum and vegetable garden, two-car garage.Close to schools, parks, shopping centers, restaurants & Fwys.

$810,000 Active Under Contract

2067 N Breckenridge Street Orange, California

5 Beds 6 Baths 4,104 Sq Ft

PRIVATE GATED COMMUNITY OF THE GLEN AT THE FAIRWAYS. 2 BEDROOM WITH LOFT THAT COULD BE 3rd BEDROOM. NATURAL LIGHT, HIGH CEILINGS, UPGRADED AND NEWLY INSTALLED FLOORING ON FIRST FLOOR WITH NEW INTERIOR PAINT THROUGHOUT. SPACIOUS LIVING LEADS OUT TO THE PRIVATE BACKYARD WHICH INCLUDES TRANQUIL POND. MASTER BEDROOM BOASTS HIGH CEILINGS, WALK-IN CLOSET, AND SPACIOUS MASTER BATH. BEAUTIFUL COMMUNITY HAS PARK-LIKE PLAYGROUND, POOL, SPA, AND NO MELLO-ROOS. ALL LOCATED NEAR AWARD WINNING SCHOOLS, SHOPPING AND ENTERTAINMENT.

$655,000 Active

614 SEPULVEDA Place Placentia, California

3 Beds 3 Baths 1,680 Sq Ft

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