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Short Sales, Foreclosures and Auctioned Properties in Orange County

The first, most important aspect of any form of real estate investing is finding good deals that display obvious profit potential. Of course, it’s not an exact science, and there are a multitude of variables involved, as well as a certain amount of inevitable risk. There are, however, ways to increase your odds of finding and purchasing a money-maker. With that in mind, we offer this guide to buying in Orange County – short sales, foreclosures, and auctioned properties.

Short Sales

A short sale in Orange County happens when a property buyer can no longer make mortgage payments and is nearing or actually in default. In that case, the property sometimes goes to a short sale. So instead of the loan being paid off, the property is sold, usually at a price below what is owed on it – a great opportunity for investors.

But buying short sales in Orange County can be much more time-consuming and frustrating than a standard real estate transaction. You need to be prepared to wait because it can sometimes take a bank several months to respond to a short sale offer. In addition, when you make a short sale offer and the seller accepts it, the seller’s lender still has to approve the offer for the deal to go through.


While many people consider it too much of a hassle, going after bank foreclosed properties is a great way to pick up cheap investment properties. Local real estate agents are a good resource for finding out about foreclosures.

Banks are in the business of lending money, and they don’t want to become property managers – which works in your favor for buying foreclosures (and even short sales) in Orange County. Banks are often quite willing to negotiate and offer significant discounts to get the properties off their hands and the deals off their books. But you do need to understand how the process of buying foreclosures works.

Also, the foreclosure process can take a long time, years in some cases. And this means that by the time a property goes to sale, it may be in need of repairs and updating, which means that you can get it at an even better price.

Auctioned Properties

Real estate auctions are public sales of residential properties usually conducted in the case of foreclosures, bank repossessions, or delinquent taxes. The best places to find out about auctions in your area are local classified and other ads, online sources, real estate agents, and auction houses.

The four main kinds of real estate auctions are:

Absolute auctions – Here, the highest bidder automatically wins the property.

Reserve auctions – The lender can reject an offer even if it is the highest bid.

Minimum-bid auctions – With these, the bidding begins at a specified amount.

Foreclosure auctions – The properties often sell below market value, and lenders cannot profit from the auction

The thing to keep in mind about buying auctioned properties (unlike most cases of buying short sales or foreclosures in Orange County) is that you usually need to come with cash in hand. You should be prepared to pay on the spot if yours is the winning bid. So be sure to find out ahead of time the starting price for bidding (if any) and the balance remaining on the mortgage (if you can).

Buying short sales, foreclosures, and auctioned properties in Orange County can definitely be a good financial move – as long as you do the necessary research, understand the process, and are willing to jump through the hoops. The competition, though, can be high because a lot of the buyers have cash in hand. Many times, it is best to work with a professional investment company.

To find out more, give us a call at 949-625-4533 or fill out this online form.


Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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