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Distressed Properties In Orange County
Discover the benefits, learn about potential challenges, and explore investment opportunities in the foreclosure, pre-foreclosure, and short-sales market.
An Investor's Guide to Distressed Homes in Orange County, California
In the sun-kissed landscape of Orange County, California, opportunities to invest in real estate abound. Ron Evans Realty, a leading brokerage in the region, provides expert guidance to prospective investors keen on exploring the distressed homes market - foreclosures, pre-foreclosures, and short-sales. This segment of the market can provide excellent return on investment, but it's not without its challenges. We're here to illuminate the path for you.
Understanding Distressed Homes
First, it's important to understand what distressed homes are. These are properties that the homeowners can no longer afford, usually because of a defaulted mortgage. The most common distressed properties are foreclosures, pre-foreclosures, and short-sales.
Foreclosures occur when homeowners fail to make their mortgage payments, leading the bank to repossess the home. Pre-foreclosures are properties for which a foreclosure notice has been issued but the foreclosure sale has not yet taken place. Short-sales are when the homeowners sell their property for less than the outstanding mortgage, with the lender's approval, to avoid foreclosure.
The Advantages of Distressed Homes
The distressed homes market presents several enticing opportunities for investors. Such properties typically sell below market value, offering instant equity and potential for sizable profits if renovated and resold or rented out.
For those willing to navigate this complex landscape, neighborhoods like Santa Ana, Anaheim, and Garden Grove in Orange County regularly see distressed properties coming to market. Ron Evans Realty is well-acquainted with these areas, making us an excellent partner in your investment journey.
What To Look Out For
However, it's not all smooth sailing. Investment in distressed properties comes with its share of potential pitfalls. Being aware of these challenges can help you make an informed decision.
Hidden Costs: Distressed properties often come with additional expenses, such as unpaid taxes, liens, or homeowners association dues, that the new owner must pay. Also, the cost of any necessary renovations can add up quickly.
Maintenance: Most distressed properties require extensive repairs and maintenance. It's crucial to get a thorough property inspection to understand the scope of work required.
Competition: Despite the potential challenges, distressed properties are in high demand, meaning competition can be fierce. You'll need to be prepared to move quickly when a good opportunity arises.
Complex Process: Buying a distressed property is often more complex than a traditional real estate transaction. It involves more paperwork, longer waiting times, and negotiations with lenders.
Ron Evans Realty: Your Partner in Distressed Homes Investment
At Ron Evans Realty, we are experts in the Orange County distressed homes market. Our deep understanding of the processes and pitfalls associated with distressed property investment, coupled with our comprehensive knowledge of Orange County neighborhoods, positions us perfectly to guide you through this venture.
We are firm believers that success in this market requires preparation, patience, and professional guidance. It's not for everyone, but for those willing to brave the challenges, distressed properties in Orange County offer a lucrative investment opportunity. It's about digging a little deeper, seeing the potential beyond the present, and making strategic moves that can significantly bolster your investment portfolio.
Whether you're an experienced investor or just starting out, we can provide the expertise and guidance you need. Let Ron Evans Realty help you unlock the true potential of distressed homes in Orange County.
Distressed Properties In Orange County
Distressed Properties In Orange County
Search all HUD Owned, Bankruptcy, Short-Sale, Bank Owned properties below. Use the sliders to adjust your search criteria.
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2916 Wisteria Lane in Fullerton: Residential for sale (83 - Fullerton) : MLS®# 23313119
2916 Wisteria Lane Fullerton 92833 
$809,990Residential- Status:
- Active
- MLS® Num:
- 23313119
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,720 sq. ft.
Welcome to your new home in the heart of Fullerton! This exquisite condominium boasts a blend of modern elegance and comfort, featuring wood, carpet and tile flooring. Step inside to discover a beautifully designed space that is sure to captivate you. Key Features: Open and Bright Living Spaces: The spacious living and dining area offers wood flooring, tall ceilings, and a chandelier, creating an inviting atmosphere for relaxation and entertainment. Large windows with plantation shutters fill the room with natural light. Sleek Kitchen: The well-appointed kitchen is a delight, featuring recessed lighting, tile countertops, and ample cabinet space. It's the perfect place to prepare delicious meals and gather with loved ones. Convenient Half Bath: On the ground floor, you'll find a convenient half bathroom, adding to the functionality of this home. Private Retreat: Head upstairs to discover two cozy bedrooms with a guest bathroom, ideal for family, guests, or a home office. The master bedroom is a true sanctuary, complete with its own ensuite bathroom, providing a tranquil space to unwind. Outdoor Oasis: Step into the cozy rear yard with a cement, a perfect spot for outdoor dining, gardening, or simply enjoying the fresh air. More detailsListed by Exp Commercial of California, Inc.- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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153 Crossover in Irvine: Residential for sale (GP - Great Park) : MLS®# DW23171123
153 Crossover Irvine 92618
$1,921,900Residential- Status:
- Active
- MLS® Num:
- DW23171123
- Bedrooms:
- 4
- Bathrooms:
- 4
- Floor Area:
- 3,170 sq. ft.
This stunning home is located the in exceptional Great Park Area and is a exquisite tri-level residence located on a corner lot. This location is peaceful and offers exceptional amenities including refreshing pools, expansive parklands, scenic trails, versatile sports courts, playgrounds, along with built time BBQ and fire pits great for cold winter nights. Embrace the privilege of residing near acclaimed Irvine schools rate A+ by Niche.com and 10,10,10 by Greatschools.org. This 4 bedroom 4 bathrooms home includes a 2 garage with plenty of parking space for guest. Enjoy the beautiful sunsets in Master Bedroom Suite as it offers stunning views and relaxation. This property also offers a beautiful private patio with modern sliding glass doors. More detailsListed by Homesmart Realty Group- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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17621 San Roque Lane in Huntington Beach: Residential for sale (15 - West Huntington Beach) : MLS®# PW23164533
17621 San Roque Lane Huntington Beach 92647
$1,360,000Residential- Status:
- Active Under Contract
- MLS® Num:
- PW23164533
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 2,144 sq. ft.
Discover the potential of this charming Huntington Beach home located in the coveted Franciscan Fountains subdivision. This spacious property features a small foyer, vaulted ceilings in the living room, a family room, and a master bedroom and bathroom on the main floor, with a second master bedroom and bathroom upstairs, plus two more bedrooms and another bathroom, totaling 4 bedrooms and 3 bathrooms. Priced at $1,360,000, this home offers a unique opportunity for buyers to add their own cosmetic touches and make it their dream space. Situated close to Southern California's major attractions, including Disneyland and Knott's Berry Farm, this home combines convenience with potential. Don't miss out – schedule a viewing today! More detailsListed by Home Saver Realty- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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29312 Silverado Canyon Road in Silverado Canyon: Residential for sale (SI - Silverado Canyon) : MLS®# IV23154250
29312 Silverado Canyon Road Silverado Canyon 92676
$574,700Residential- Status:
- Active
- MLS® Num:
- IV23154250
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,032 sq. ft.
Great Opportunity to own this single-family home oozing with potential. This home was built in 1929 and features 3 bedrooms and 2 bathrooms, with plenty of living space. ***SPECIAL NOTES: (1) This is a CASH ONLY transaction. (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Please read the Auction disclaimers carefully before placing a bid or submitting an offer. *** Buyers check City, County, Zoning, Tax, and other records to their satisfaction. AS-IS REO property. More detailsListed by REALHOME SERVICES & SOLUTIONS- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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1034 A W BALBOA in Newport Beach: Residential for sale (NP - Balboa Peninsula) : MLS®# OC23150159
1034 A W BALBOA Newport Beach 92661
$2,710,000Residential- Status:
- Active
- MLS® Num:
- OC23150159
- Bedrooms:
- 3
- Bathrooms:
- 4
- Floor Area:
- 1,826 sq. ft.
*** BANKRUPTCY COURT SALE - EQUITY SALE (NOT REO, BANK OWNED OR SHORT SALE) ***NEW CONSTRUCTION - ROOFTOP DECK WITH PEAK-A-BOO VIEWS OF OCEAN AND HARBOR. Contemporary new construction in the heart of the Newport Peninsula with all the expected modern amenities, fixtures and finishes. This modern condo contains three bedrooms, three full baths with heated floors, powder room, a gourmet kitchen with Thermador and high end appliances, custom cabinetry and Audio/Visual throughout. You will be only a short journey to both the beach and the bay, ideally located between Marina Park and the Balboa Fun Zone, Lido House Resort, and many other shops and restaurants. The over-sized roof deck offers stunning views that make it perfect for entertaining or private relaxation. This condo is ideal for a full-time or a part-time lock & go type residences. Single Car Garage with no direct access. More detailsListed by Berkshire Hathaway HomeService- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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1034 B W BALBOA in Newport Beach: Residential for sale (NP - Balboa Peninsula) : MLS®# OC23150158
1034 B W BALBOA Newport Beach 92661
$2,699,900Residential- Status:
- Active
- MLS® Num:
- OC23150158
- Bedrooms:
- 3
- Bathrooms:
- 4
- Floor Area:
- 2,086 sq. ft.
*** BANKRUPTCY COURT SALE - EQUITY SALE (NOT REO, BANK OWNED OR SHORT SALE) ***Contemporary new construction in the heart of the Newport Peninsula with all the expected modern amenities, fixtures and finishes. This modern condo contains three bedrooms, three full baths with heated floors, powder room, a gourmet kitchen with Thermador and high end appliances, custom cabinetry and Audio/Visual throughout. You will be only a short journey to both the beach and the bay, ideally located between Marina Park and the Balboa Fun Zone, Lido House Resort, and many other shops and restaurants. The over-sized roof deck offers stunning views that make it perfect for entertaining or private relaxation. This condo is ideal for a full-time or a part-time lock & go type residences. More detailsListed by Berkshire Hathaway HomeService- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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23 Fulmar Lane in Aliso Viejo: Residential for sale (AV - Aliso Viejo) : MLS®# OC23122416
23 Fulmar Lane Aliso Viejo 92656
$825,000Residential- Status:
- Active Under Contract
- MLS® Num:
- OC23122416
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,372 sq. ft.
Welcome Home! Seacove Place is one the most desirable communities in Aliso Viejo. Beautiful two story townhome with 3 bedrooms, three full baths (one bedroom and one bath on the first floor) and two car attached garage. As soon as you enter this home you will notice the welcoming high ceilings leading to an open floor plan living room complete with fireplace and fabulous view of the garden in the patio. Home has been painted and new luxury vinyl wood like floorings are installed throughout the home. On the left side of the entrance is the open concept kitchen with plenty of cabinets as well as easy and convenient access to the laundry room. The first floor offers an inviting dining room overlooking the two sided fireplace next to the kitchen. Located on the second floor is another bedroom and the main bedroom with impressive vaulted ceilings and view of the greenbelt. Monthly HOA fees include water and trash. Sparkling Community pool and spa is just steps away from the unit. This sought after community is ideally located. Minutes to downtown Laguna Beach, Aliso Viejo Town Center, easy access to 405/5 Freeways and the Toll Roads. More detailsListed by Re/Max Property Connection- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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371 El Camino Del Mar in Laguna Beach: Residential for sale (LV - Laguna Village) : MLS®# LG23090110
371 El Camino Del Mar Laguna Beach 92651
$3,750,000Residential- Status:
- Active Under Contract
- MLS® Num:
- LG23090110
- Bedrooms:
- 3
- Bathrooms:
- 4
- Floor Area:
- 2,318 sq. ft.
Introducing an exquisite sanctuary of lavishness nestled within the heart of Laguna Beach. Prepare to be enchanted by this exceptional residence, a testament to exclusivity and intricate craftsmanship. Uncover the irresistible allure of residing in this prestigious locale, where tranquility and seclusion seamlessly blend with the vibrant energy of the downtown scene, granting unparalleled accessibility to upscale shopping, fine dining, and pristine sandy shores. As you venture into this extraordinary dwelling, prepare to be transported to a realm of lavish opulence and refined elegance. Embrace the epitome of luxurious living as this property boasts its very own private oasis, complete with a captivating pool, spa, and meticulously landscaped gardens, showcasing a remarkable blend of sophistication and individuality. Immerse yourself in the seamless flow between indoor and outdoor spaces, where 3 bedrooms, 3.5 bathrooms, and a fully appointed kitchen await your indulgence. For those who love to entertain, a separate catering kitchen provides the perfect backdrop for hosting unforgettable al fresco gatherings. Indulge in the pinnacle of entertainment within the enchanting outdoor areas. Engage in intimate conversations around the cozy fire pit, unwind in the welcoming cabana, or elevate any social affair with the state-of-the-art Viking bar equipment. Each corner of this property exudes its own distinctive charm, from the custom slate roofs and intricate woodwork to the rich wood floors, inviting brick patios, and graceful copper accents, creating a truly captivating ambiance. This exceptional residence is a gem in its own right or can be paired with 370 Los Olivos to create a remarkable family compound. Both properties may be sold together. Seize the opportunity to embrace a life of unparalleled luxury in this remarkable retreat. More detailsListed by Compass and Team Laguna Inc- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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10 Tucson in Coto de Caza: Residential for sale (CC - Coto De Caza) : MLS®# OC23115086
10 Tucson Coto de Caza 92679
$3,070,000Residential- Status:
- Active Under Contract
- MLS® Num:
- OC23115086
- Bedrooms:
- 5
- Bathrooms:
- 6
- Floor Area:
- 5,854 sq. ft.
Exciting opportunity to own a custom estate on one of the most improved and private lots within the esteemed double gated community of Coto De Caza. The home accentuates the indoor/outdoor living experience having multiple separate spas, a custom multi-section pool (with slide), built in Viking pool-side grill (has a gas line attachment, no tank), a separate massive custom built-in barbeque “hut” and to top it off a planned half basketball court. The yard was extensively improved with increased useable space and including gas heating lamp attachment sites throughout. With only a single adjacent lot line bordering this home, it essentially sits on the tip of an island offering extensive privacy for the owners and while entertaining guests. 5,854 sf of property offers room for all including a full first floor bed/bath right next to the second garage, perfect for guests, parents, in laws or grown children (this room was initially designed as a post “pool day” room as the large window was to be an additional entry/exit point). The lavish toll brothers home also includes a private master balcony, double walk-in closets, his/her walk-in shower and a separate soaking tub. The entire home is wired for both entertainment, communication and utility. A beautiful kitchen with a large island and utility sink round out this homes amazing potential. This is truly an entertainer’s or indoor/outdoor living enthusiast’s Coto estate. Seller is a United States Bankruptcy Trustee and all sales are subject to the rules and regulations of the Bankruptcy Court. The home will be open to Qualified overbidding at a future hearing date where all Qualified bidders may submit a bid. That date is not yet set, the listing and bidding details will be updated when a hearing date is set. The minimum first overbid must be at least $3,070,000. More detailsListed by Brian Thompson, Broker- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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1421 Sea Ridge in Newport Beach: Residential for sale (NV - East Bluff - Harbor View) : MLS®# OC23091331
1421 Sea Ridge Newport Beach 92660
$3,025,000Residential- Status:
- Active Under Contract
- MLS® Num:
- OC23091331
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 2,680 sq. ft.
Harbor Cove, the 24-hour guard gated community is home to this beautiful remodeled property. Not only is it located in a prime location, less than a mile from Fashion Island, as well as close to the Back Bay walking trail, but also has its own community pool & spa. This is a home you're not going to want to miss. Walking through the front door, you are greeted with white oak luxury plank vinyl flooring that leads to the open concept great room. The white and bright kitchen is outfitted with shaker cabinets for plenty of storage. The stunning centerpiece of the kitchen is the oversized 126'' island, with a Calcutta gold quartz countertop with seating for 6. The kitchen is a chef's dream. It has new built-in appliances, a 48" 6-burner Monogram Professional Smart Range with a double oven, wine refrigerator, dishwasher and an additional double oven. Following the open concept kitchen to the family room, you will be welcomed to the private yard to enjoy the ocean breeze. The home is wired with 6 zone audio for Juke-8 Wireless Audio Smart Streaming and luxurious level 5 drywall throughout the home. All bedrooms are upstairs, including the sizable primary suite. Outfitted with a newly remodeled bathroom with a freestanding bath tub, and dual vanities, plus, an expanded 209 sqft walk-in closet. This was a bedroom that was converted to a closet, but can be easily converted back to a bedroom if needed. Upstairs also has two additional spacious bedrooms, a bathroom and a generously sized loft. Come and enjoy the Newport lifestyle, with luxury and comfort. More detailsListed by First Team Real Estate- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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13352 Marty Lane in Garden Grove: Residential for sale (70 - Santa Ana North of First) : MLS®# PW23096275
13352 Marty Lane Garden Grove 92843
$690,000Residential- Status:
- Active
- MLS® Num:
- PW23096275
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,637 sq. ft.
Single level, 4 bedroom / 3 bath pool home in a great Garden Grove neighborhood. Price reflects the following terms of purchase: Bankruptcy Sale subject to Court approval and overbid; Seller is Court appointed Chief Restructuring Officer with no knowledge of the property or property condition; Listing Agents have no knowledge of the property and have conducted no inspections or investigations; property purchase is “as is” with no warranties ; exterior view only; no interior access or inspection; Buyer to purchase with tenants in place, subject to terms of current tenancy if any; Do not disturb occupants; Buyer is responsible for all government compliance; All MLS information is from public records. More detailsListed by Coldwell Banker Realty- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
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939 Heron Circle in Seal Beach: Residential for sale (1A - Seal Beach) : MLS®# 23267407
939 Heron Circle Seal Beach 90740
$2,395,000Residential- Status:
- Active
- MLS® Num:
- 23267407
- Bedrooms:
- 6
- Bathrooms:
- 6
- Floor Area:
- 3,871 sq. ft.
Listed by Rodeo Realty- Ron Evans
- Ron Evans Realty
- 1 (949) 9292270
- ron@ronevansrealty.com
Data was last updated September 25, 2023 at 02:40 PM (UTC)
Based on information from California Regional Multiple Listing Service, Inc. as of September 25, 2023 at 02:40 PM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
9 Camellia
Rancho Santa Margarita, CA 92688