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

4 bedroom, 2 1/2 bath single story pool home on a large private lot. Located in an excellent area of Fullerton. 2,914 square feet of interior living space and a giant 24,150 square foot lot. Tree lined lot with a 3 car garage.

$999,900 Active

530 Catalina Road Fullerton, California

4 Beds 3 Baths 2,914 Sq Ft

$A prime fixer in one of the best cul-de-sac locations in northwest Anaheim only a stone's throw from the Colony District. Mid century fixer needs TLC and updating (possibly remodel into 4 bed\3ba home) to become the star of the block. Ideal for owner/occupant or investor. Great bones, double side fireplace, covered backyard patio, and period built-ins make this a modernist's design project. Located in a prime area of Anaheim and conveniently situated in a wonderfully private area of Anaheim. Create your own zen oasis is the backyard, add a pool, or just knock a few walls down and create that fantastic open floor plan to enjoy OC at its best!$

$615,000 Active

842 N YVONNE Place Anaheim, California

2 Beds 2 Baths 1,694 Sq Ft