Foreclosure Search

Foreclosure Process

The foreclosure process is a bank or other secured creditor (lender) selling or repossessing a parcel of property after the owner has failed to comply with the mortgage or deed of trust.  Commonly, the violation of the mortgage is a "default" in payment of the promissory note, secured by a lien on the property.  When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs.

REO / Bank Owned Property

REO or Real Estate Owned, is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction.  A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount.  If there are no bidders that are interested, then the bank will legally repossess the property.  As soon as the bank repossess the property, it is listed on their books as REO - Real Estate Owned - and is categorized as an asset (non-performing).

Short Sale

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan.  It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower.

Foreclosed Properties

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Other Search Criteria:  For Sale; Type: Residential Homes, Mobile Homes, Lots and Land, Condos Lofts and Townhouses; Bank Owned/Short Sale: Bank Owned
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Bank Owned/Short Sale
Returned listings must match at least 1 of the selected Bank Owned/Short Sale options
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$575,000
Beds: 3 | Bath: 2 | Sq Ft: 2200 | Acres: 0.35 | Built: 1956 | MLS ID: OC14043006 | Status: Back Up Offer
Great gated home with 2,200 square feet of living space and over 15,000 square foot lot. The kitchen boasts tons granite counter tops and cabinet space, a center island for food preparation, plenty of natural light and a breakfast nook area off of tile flooring. The spacious living room (approx 30'x16') has wonderful hardwood floors, wonderful fireplace, recessed lighting, sliding glass door leading to enclosed bonus room and backyard. The spacious 3 bedrooms all feature full sized closets, hardwood floors, newer dual pane windows & ceiling fans. Master bathroom has shower over full sized tub and secondary bathroom features large soaking tub with jets, both with tile flooring. Separate laundry area with gas and electric 220 volt hookup
15 Photos
$100
Bath: 1 | Sq Ft: 471 | Built: 1974 | MLS ID: S720984 | Status: Active
Incredible opportunity to live in south Orange County. Resort style senior living. The sales price i...
7 Photos
$209
Bath: 1 | Sq Ft: 471 | Built: 1974 | MLS ID: OC14004098 | Status: Active
STUDIO UNIT IN A SENIOR COMMUNITY,... HOA DUES 1816 PER MONTH FOR ONE PERSON ,... HIGH RISE BUILD...
6 Photos
$2,500
Acres: 0.03 | MLS ID: K12085519 | Status: Active
North of Hwy 74 , Gunnerson St and Pinnel St.; 0.03 acre lot; Buyer to verify zoning, permits, land ...
3 Photos
$2,500
Acres: 0.16 | MLS ID: K12078926 | Status: Active
Just reduced! This is flat usable land. Tax records show that there may have been a house on this l...
3 Photos
$2,500
Acres: 0.22 | MLS ID: K12078927 | Status: Active
Just reduced! This is a large flat usable/buildable lot of 9,625 square feet. No sewer, water or ut...
3 Photos
$2,500
Acres: 0.16 | MLS ID: K12078920 | Status: Active
Just reduced! This is a flat buildable parcel of 7,000 square feet in the heart of Trona. Sewer and...
6 Photos
$2,800
Acres: 0.07 | MLS ID: K12093441 | Status: Active
North of Hwy 74 , Gunnerson St and Pinnel St; 0.07 Acre Lot; Buyer to verify zoning, permits, land u...
7 Photos
$2,900
Acres: 0.02 | MLS ID: K12093444 | Status: Active
Parcel near Lakeshore Dr on Ryan Ave; 0.022 Acre Lot; Buyer to verify zoning, permits, land use, eas...
$3,625
Acres: 0.05 | MLS ID: K12034504 | Status: Active
0.05 acre parcel zoned R3 and between the lake and the 15 freeway. In the Country Club Heights area...
$4,250
Acres: 0.06 | MLS ID: K12034487 | Status: Active
0.06 acre parcel zoned R2 and between the lake and the 15 freeway. In the Country Club Heights area...
7 Photos
$4,300
Acres: 0.03 | MLS ID: K12093437 | Status: Active
Parcel near Lakeshore Dr on Ryan Ave; 25 x 60 Lot; Buyer to verify zoning, permits, land use, easeme...
$4,350
Acres: 0.06 | MLS ID: K12034493 | Status: Active
Corner Lot very close to 74 highway at corner of Illinois and Strickland. Commercial Lot. 0.06 acr...
6 Photos
$4,400
Acres: 0.14 | MLS ID: K12090285 | Status: Active
North of Hwy 74 near Turnbull Ave and Baker St; 0.14 Acre Lot; Buyer to verify zoning, permits, lan...
5 Photos
$4,400
Acres: 0.14 | MLS ID: K12093434 | Status: Active
North of Hwy 74 near Turnbull Ave and Baker St; 0.14 Acre Lot; Buyer to verify zoning, permits, lan...
6 Photos
$4,900
Acres: 0.10 | MLS ID: K12088989 | Status: Active
North of Hwy 74 in undeveloped areas North of Marshall Ave.; 30 x 150 lot; Buyer to verify zoning, p...
6 Photos
$5,200
Acres: 0.10 | MLS ID: K12093424 | Status: Active
North of Hwy 74 in undeveloped areas North of Marshall Ave; 30 x 150 Lot; Buyer to verify zoning, pe...
3 Photos
$5,200
Acres: 0.05 | MLS ID: K12093414 | Status: Active
On south side of E. Lakeshore Dr very close to the lake shore; 25 x 80 Lot; Buyer to verify zoning, ...
3 Photos
$5,200
Acres: 0.05 | MLS ID: K12093409 | Status: Active
On south side of E. Lakeshore Dr very close to the lake shore; 25 x 80 Lot; Buyer to verify zoning, ...
7 Photos
$5,200
Acres: 0.04 | MLS ID: K12093420 | Status: Active
Parcel between Hwy 74 and Lakeshore Dr on Stecher Ave; 25 x 62 Lot; Buyer to verify zoning, permits,...
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