Ladera Ranch CA. Foreclosure and Bank Owned REO Homes for Sale
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A home shopper can find good bargain if one knows where and how to look. One of the better opportunities for finding a great value for a home is searching for Foreclosures, Bank owned homes ( REO's ) or Short Sales. Below are a brief explanation of each situation.
A Foreclosure (sometimes called a Pre-forclosure) are homes listed for sale by the homeowner. The mortgage lender has field a Notice of Default and the property owner has a total of 15 weeks to resolve the situation, by either selling the home, getting a new refinance loan, or brining the existing loan current. Homeowners in this situation are obviously very motivated to sell, and some of these homes are Short Sales as well.
A Short Sale is a home listed for sale by the current home owner, but the home is now priced at a point where the homeowner no longer has any equity. The eventual sales price is then basically negotiated with the Bank, for the homeowner will not receive any funds from the sale of the home. An astute Buyer can sometimes pick up a bargain this way if one knows how to negotiate with the Bank.
A Bank REO (Real Estate Owned) is a home that is listed for sale by the Bank and is owned by the Bank as a result of a Foreclosure sale. Again, this a very good buying opportunity for the Bank is very motivated to sell. Banks do not want to own homes, they want to loan money, and the Bank is at risk of vandalism due to the vacant home, plus they are losing money each month that the home sits vacant and unsold.
Below you will find every Bank Owned REO foreclosure home currently listed for sale in Ladera Ranch CA. If you would like to be added to our V.I.P. Ladera Ranch Bargain Homes priority email service, which will email brand new listings of Bank REO homes for sale, please click the previous link. Now is a great time to buy, for there are some bargain priced homes currently available in the marketplace, and interest rates are still very low. If you would like to see the inside of any of the below Bank Owned REO homes for sale in Ladera Ranch, CA, please feel free to give us a call at: (949) 388-3396 or drop us an email at: Info@OCBankREO.com or fill out the form below:
Below is a List of All Bank Owned Foreclosure Homes listed for Sale in Ladera Ranch, Ca.
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5 Search Results Found. Showing Results 1 - 5. MLS# L29118
MLS ID:
L29118
Price:
$2,999,000
City:
Ladera Ranch
Bedrooms:
5
Bathrooms:
8
Street Name:
Bell Pasture
This Custom Home, Located in the Prestigious Gated Community of Covenant Hills, Showcases... MLS# S580181
MLS ID:
S580181
Price:
$530,000
City:
Ladera Ranch
Bedrooms:
3
Bathrooms:
3
Street Name:
Clematis
3 bedroom, 2.5 bathroom home includes travertine flooring and custom window coverings... MLS# L30165
MLS ID:
L30165
Price:
$448,000
City:
Ladera Ranch
Bedrooms:
3
Bathrooms:
4
Street Name:
Tarleton
BANK-OWNED...Vandals took the plumbing but not the charm. Bring your contractor. The damage... MLS# U9002998
MLS ID:
U9002998
Price:
$295,740
City:
Ladera Ranch
Bedrooms:
2
Bathrooms:
3
Street Name:
PLATINUM
WELCOME HOME TO ONE OF THE VERY BEST VALUES IN THE CITY OF LADERA RANCH. THIS MAY BE ONE... MLS# S580280
MLS ID:
S580280
Price:
$214,900
City:
Ladera Ranch
Bedrooms:
1
Bathrooms:
2
Street Name:
Sansovino
Beautiful Community,Great End unit with Private entrance at Cul-De-Sac location. This...
If a listing displays “Short Sale/Subj to Lender Approval**” then that listing has been identified by the seller and the listing broker as a “short sale". This means that, at the listed price, the proceeds from the sale may not be adequate to pay all liens and costs of sale.
Any offer made that does not fully cover the existing amount(s) owed to the lienholders(s) plus the costs of sale could be subject to lienholder approval, which approval may be exercised at the sole and exclusive discretion of the lienholder(s).
Last Updated: 2009-07-04 05:46:55
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