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 :REO Laguna Niguel Townhome 

REO Laguna Niguel Townhome

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

 REO Laguna Niguel townhome $449K

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

Foothill Ranch Single Family REO

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

Hot Buy CDM Condo REO

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

Laguna Beach REO $752K

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 REO condo

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 @  [leave out the spaces, I’m just trying to avoid any more spam!]

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


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