• (714) 470-8600
    • mike@mikepatel.com

Mahesh Mike Patel

Anaheim Hills Area Real Estate

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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

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

Great opportunity on this home.  Needs TLC with a pool.  Bring your handyman to fix it up your own way. $599,900 Pending

8781 Los Altos Drive Buena Park, California

3 Beds 3 Baths 1,200 Sq Ft

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Foreclosure Properties for Sale

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From Our Clients…

Yvonne Y.

I can’t say enough good things about Mike Patel! He’s professional, honest, hard working and just an overall kind person. He knows residential real estate like the back of his hand, an incredible negotiator! If you’re in need of a local Realtor look no further.

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What’s Your Home Worth?

I am the premier agent to turn to when you are ready to list your property to sell quickly and at top dollar! I compare other properties in the local market to make sure we list it at the right asking price.

FREE Home Valuation

Mahesh Mike Patel

  • Call/Text: (714) 470-8600
  • mike@mikepatel.com
  • 8028 S Santa Ana Canyon Rd Anaheim Hills, CA 92808

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