Best Deals on Bank Owned Homes

The bank-owned (REO) homes in South Orange County are still looking like the best values available.  I picked out a list of about 15 that are seriously discounted below their last sale price. 

I am planning to resume posting my “Vic ’s Picks” on a more regular basis – probably once per week.   This week, the list features homes in Coto de Caza, Laguna Beach, Mission Viejo, Newport Beach, Newport Coast, Rancho Santa Margarita, San Clemente and Tustin.  These are all bank-owned and offered for somewhere between $200K and $800K below the last market sale price! 

If you would like to see the actual location on these, click on the little airplane, on the right side of the listing sheet, and it will give you an aerial view of the property.  Some REO agents provide very few photos, so this can help guess what the home may look like.  I’ve also noticed that several of them like to include shots of the bathrooms with the toilet seat up (one is even sideways!)   

If you have any interest in seeing any of these, please give me a call at (949) 457-0281, and we can go check them out together!

You can Search ALL the homes for sale in the Southern California MLS  (there must be at least one that you like!)

Don’t miss the next exciting update to this blog – click on the envelope to be notified by email! 

 

Thanks for visiting!

 

Hot Buys in Foreclosure Properties

Many of the foreclosure properties aren’t that well-priced for their condition and location, but the best ones disappear the first few days on the market.  These are a few of the better ones available in South Orange County today that are either newly-listed, or newly-reduced : 

Laguna Niguel – 3 bedroom townhome, 1250 sq ft w/1 car garage - $370,500  (Last sold in May 2006 for $489,000.)

 

Laguna Niguel - 3 bedroom townhome, 1600 sq ft w/2 car garage – $449,000 (Last sold 11/2005 – $600,000)

Foothill Ranch – Lake Forest – 3 bedroom detached home, 1750 square feet – $525,000.  (Last sold in 2002, but refinancing totaled $584,000 in 2005.)  SOLD as of 3/24

Corona del Mar - 2 bedroom 2 bath condo w/one car garage $574,900.  (Last sold 9/2005 for $860,000.)

Laguna Beach – detached home, 6 blocks to beach.  Probably un-permitted duplex with 2 bedroom house plus “rental unit” –  $752,900.  (Last sold 10/2006 for $885,000.)

Ladera Ranch – This is the biggest condo I have heard of in South Orange County!  Per the MLS, it is over 2900 sq ft, with 3 bedrooms, a loft, and a 2 car garage.  It is located in the exclusive (guard gated) Covenant Hills section of Ladera Ranch.  Now listed for $584,900.  (Last sold 6/2005 for $790,000.) 

 To be notified about some of these “hot buys” as soon as they come on the market, please call me, or send an email to :
REO @ VickiLloyd.com  [leave out the spaces, I'm just trying to avoid any more spam!]

To search for homes yourself (no registration required) go here.

 

Foreclosure – Hot Listing! $379,900

This won’t last long – 4 bedroom, 2 1/2 bath, almost 1800 sq ft, 2 car garage, good neighborhood, great elementary school near by!

Call me today if you are interested!  (949) 457-0281

*Update 3/1/2008 – I looked at this today, and it’s really not too bad.  It definitely needs painting, and I noticed stains on the downstairs ceiling that is likely evidence of a leak from an upstairs bath.  The aluminum windows have all been replaced with dual-paned vinyl ones, and the appliances are newer than the house.  The flooring is wood-look laminate throughout (might be Pergo.)   There is an air conditioner unit on the patio that looks pretty large and fairly young.  My guess is that with $15K or less in rehab & upgrades, this would be a great house for someone!