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When a property goes completely through the foreclosure process, it is usually repossessed by the mortgage holder and becomes “bank owned”. Lenders must liquidate these properties, so most bank owned homes are priced attractively and sell very quickly… often the first day on the market.
Investors/Buyers who do not know that a bank owned property is about to come on the market have too little time to decide if it is the right home to purchase and are unsure about what price to offer.
We want you to know about all Orange County bank owned homes before they come on the market. Below is a list of all the cities in Orange County… when you click on a city, you will see a list of every recent bank owned home in that city. Some of these homes were very recently foreclosed and are not yet for sale… others are on the market now (Click Here for a Free List of Orange County Bank Owned Homes For Sale by City), and the rest of the homes are in escrow or already bought by a new buyer.
Click on the city which interests you, then Contact Us if you see a property that intrigues you.
The Scot Campbell TEAM has worked with many of the REO Brokers and Asset Management Companies. We will make certain you know the important details about the bank owned homes which interest you (before they become available), and we will help you structure your offer to maximize the probability of buying the property at a great price!