by vbindi on April 1, 2009
Bank Owned REO homes are a great buy in today’s Mission Viejo CA marketplace. The typical bank owned home is selling for 98% of the asking price and are Sold within 17 days on average according to the statistics from the Orange County MLS. In addition, Bank Owned detached (SFR) homes in Mission Viejo are selling at an average price of $254/SqFt , and bank foreclosure condos are selling at an average of $215/SqFt.
Many of these foreclosure homes need some modest repairs such as paint and carpet, but sometimes needed repairs can be much more. If you are planning in buying a bank REO home, make sure you are working with an experienced Realtor, and you employ the services of a professional home inspector. If you are planning on buying a Condo, make sure you check with your mortgage lender to see if the condo tract is approved with FHA, if you intend to use such a loan.
Below, we have listed all bank owned foreclosure homes currently listed for sale in Mission Viejo. These homes and condos range in price from $129,900 for a 1 bedroom, 1 bath condo, up to $799,000 for a 4 bedroom, 3 bath detached home. If you would like to see the inside of any of these homes for sale, please feel free to give us a call at: (949) 388-3396 or drop us an email at: Info@OCBankREO.com
BANK OWNED FORECLOSED HOMES LISTED FOR SALE IN MISSION VIEJO, CA
- S564473 — Condo — 23336 La Mar D — 1 Bdrm — 400 SqFt — $129,900
- MRM-C08155981 — Condo — 25899 MARGUERITE 101 — 1 Bdrm — 722 SqFt — $143,500
- R810416 — Condo — 25899 Marguerite Pkwy 1101 — 1 Bdrm — 722 SqFt — $149,900
- S564902 — Condo — 26282 Los Viveros 178 — 2 Bdrm — 812 SqFt — $161,950
- S525739 — Condo — 25869 Marguerite Pkwy 203 — 2 Bdrm — 1,040 SqFt — $174,900
- S565963 — Condo — 27878 Auburn 109 — 2 Bdrm — 840 SqFt — $189,900
- S543053 — Condo — 26834 Alexandrite — 2 Bdrm — 860 SqFt — $199,900
- MRM-T09035138 — Condo — 26251 VIA ROBLE 13 — 3 Bdrm — 1,200 SqFt — $199,900
- S563084 — Condo — 26034 Via Pera B3 — 3 Bdrm — 1,156 SqFt — $200,100
- S556238 — Condo — 21074 Lavender 58 — 2 Bdrm — 1,000 SqFt — $220,000
- P663148 — Condo — 23386 La Crescenta C — 2 Bdrm — 1,000 SqFt — $255,000
- S542835 — Condo — 26922 Poppy Pl — 2 Bdrm — 1,317 SqFt — $274,900
- S564544 — Condo — 26945 Braemar 147 — 3 Bdrm — 1,464 SqFt — $323,900
- S569216 — House — 23032 Via San Gabriel — 3 Bdrm — 1,099 SqFt — $333,000
- S564312 — House — 28451 Lorente — 3 Bdrm — 1,109 SqFt — $357,900
- S567002 — House — 26941 Colmenar — 3 Bdrm — 1,120 SqFt — $370,000
- S564642 — Condo — 24436 Verena Ct — 3 Bdrm — 2,000 SqFt — $374,000
- P678416 — House — 27422 La Cabra — 4 Bdrm — 1,472 SqFt — $399,000
- S565635 — House — 27462 Limones — 4 Bdrm — 1,650 SqFt — $449,900
- S559660 — House — 23881 Cypress Ln — 4 Bdrm — 2,124 SqFt — $464,900
- S567951 — House — 26501 Via Lara — 5 Bdrm — 2,172 SqFt — $499,900
- S567319 — House — 26531 Estanciero Dr — 4 Bdrm — 2,625 SqFt — $539,900
- S565939 — House — 27421 Via Amistoso — 4 Bdrm — 2,150 SqFt — $544,900
- S558451 — House — 26451 Via Logrono — 4 Bdrm — 2,100 SqFt — $549,900
- S542283 — House — 26541 Alicante Dr — 5 Bdrm — 2,400 SqFt — $595,000
- S562860 — House — 26432 San Ramon Way — 4 Bdrm — 2,601 SqFt — $665,000
- S564353 — House — 27118 Pacific Terrace Dr — 4 Bdrm — 2,780 SqFt — $674,000
- P675071 — House — 23046 Stoneridge — 4 Bdrm — 2,865 SqFt — $799,900
by Vincent Bindi on July 9, 2008
Price (subject to change): $417,900
Type: Detached SFR
Bedrooms: 3
Baths: 2
Living Area (SqFt): 1,300
No. of Garages: 2
Stories: 1
Year Built: 1971
Lot Size (SqFt): 7,400
City: Mission Viejo
Area: Mission Viejo Central
Tract: El Dorado
Street: Via Zaragosa
School District: Saddleback Valley Unified
Property Description: Great price for this single family detached home located in the desirable central Mission Viejo neighborhood of El Dorado. Great neighborhood and ready to move in. Nice open floor plan with fireplace in living room. French doors off of eating area by Kitchen. Large and private backyard. Includes membership in Lake Mission Viejo. The Bank Owned Foreclosure home will not last long at this price
Financing: This home can be purchase with any Conventional Loan and the new and improved FHA loan which offers 3% down payment financing, and low fixed interest rates.
Contact: To view this Bank Foreclosed home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this REO Foreclosure property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
by Vincent Bindi on May 29, 2008
Currently, there are 461 properties Active for sale in Mission Viejo, Ca. Of these, 150 are attached Condominiums, and the remaining 311 active listings are detached single family homes. There are a total of 175 homes and condos currently in escrow which represents approximately a current reading of 4 months of inventory. In addition, there were 83 properties that sold and closed escrow in the month of April, which equates to about 5.5 months of inventory from sales that occurred about 2 months ago. The market is definitely improving for the months of inventory for most of last year in Mission Viejo was much higher at about the 10 month range.
Of these 461 properties listed for sale in Mission Viejo, CA, 164 are short sales which represent 35.5% of the total inventory of listings. Also, 37 of the active listings are Bank Owned foreclosures (REO) which represents about 8% of the total inventory. The total number of financially distressed listings is 201 which is 43% of the total inventory of properties listed for sale.
Currently, of the 175 total properties pending in Escrow in Mission Viejo, 49 of these homes and condos are short sales. This represents about 28% of the inventory of properties under contract in escrow. In addition, there are 31 properties pending in escrow that are bank owned foreclosures, which represents about 21% of the total pending properties. The total of financially distressed homes and condos currently under contract in escrow in Mission Viejo is 45%.
For the month of April, there were a total of 83 homes and condos that sold and closed escrow in Mission Viejo, CA. Of this total, there were 6 short sale properties that closed, which represents 7% of the total closings. In addition, there are 15 bank owned foreclosure properties that sold and closed in April which represent 18% of the total sales for that month. The total number of financially distressed properties that sold in April was 21 which represents 25%.
To learn more about short sales and bank owned foreclosures, or to receive a proprietary list of all short sale and bank REO properties listed for sale, visit our website at OCBargainHomes.com, or drop us an email at: Info@OCBargainHomes.com
by Vincent Bindi on January 16, 2008
Price (subject to change): $559,900
Type: Detached SFR
Bedrooms: 4
Baths: 3
Living Area (SqFt): 1,886
No. of Garages: 2
Stories: 2
Year Built: 1979
Lot Size (SqFt): smaller
City: Mission Viejo
Area: Mission Viejo North
Tract: Montiel
Street: Bolanos
School District: Saddleback Valley Unified
Property Description: Charming 4 bedroom 3 bathroom home with a city lights view! Home features updated bathrooms, and an enclosed patio/garden area in the middle of the home. Perfect family home located in a safe and friendly neighborhood. Close to parks, schools, and shopping areas. Located in the award winning Saddleback Valley Unified School District. Ground level entry, wood/stucco exterior, and wood shakes roof. Must see!!
Financing: Conventional financing with 10% or 20% down is available. Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000.
Contact: To view this foreclosure home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this foreclosure property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
by Vincent Bindi on November 10, 2007
Price (subject to change): $484,900
Type: Detached SFR
Bedrooms: 4
Baths: 2
Living Area (SqFt): 1,472
No. of Garages: 2
Stories: 1
Year Built: 1976
Lot Size (SqFt): 5,547
City: Mission Viejo
Area: North Mission Viejo
Tract: Cordova North
Street: Pinavete
School District: Saddleback Valley Unified
Property Description: It’s a fixer, so bring your paint brush, but what a value. Huge Price Reduction. Large lot in well maintained neighborhood. Close to parks, schools, and shopping. Fix it up and benefit! elementary school is Del Lago, Junior high school is Los Alisos, and high school is Trabuco High. No association dues and no Mello-roos. Bank wants this Foreclosrue home sold now.
Financing: Two sources of Government Subsidized loans are available to purchase this low priced home with Zero Down payment, and offers below market fixed interest financing.
Contact: To view this Bank Foreclosed home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this Bank Owned Foreclosure property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
by Vincent Bindi on October 19, 2007
Price (subject to change): $749,900
Bedrooms: 6
Baths: 4
Living Area (SqFt): 3,268
No. of Garages: 2
Stories: Two
Year Built: 1969
Lot Size (SqFt): 8,250
City: Mission Viejo
Area: South Mission Viejo
Tract: Madrid
Address: 26861 Goya Cir.
School District: Capistrano Unified
Property Description: Great potential will be found in this bank owned foreclosure home. This home boasts of a very large pool with seom views, located in a great neighborhood at the end of the Cul-De-Sac. This home incorporates a pebble-tech pool and sap, and waterfall. Very open floor plan with some nice upgrades. Home needs some TLC and the fantastic pool has a leak, but what a great value. In 2005′, this house was comp’d out at around $1,125,000.
Financing: Conventional financing with 10% or 20% down is available. Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000. The Bank does not want to own this REO property and wants is sold.
Contact: To view this Bank Foreclosed home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this REO property or any bank owned foreclosure or short sale property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
by Vincent Bindi on October 4, 2007
There is a new listing as of October 3, 2007, of a Bank Owned REO single family home for sale in the Cortez tract of south Mission Viejo, CA. This is not a Short Sale, for it went through the entire Foreclosures process, and is now owned by the Bank.
This fine home offers Great Value in Fantastic Neighborhood. It has many upgrades that were installed by the previous owner such as: heated in-ground Spa, swimming Pool with Slide and diving board, Travertine Tile floors, upgraded Kitchen Cabinets with Granite tops, Skylight, durable Concrete Tile Roof.
The home includes 4 bedrooms and a Loft, 2.5 baths, 2,581 Square Feet of living area, and a 2 car attached garage on a full sized lot. The Loft/Den/Office could easily be converted to a be 5th bedroom. The home needs a little bit of TLC such as carpets, and maybe some painting, but that’s about it. It is price to sell quickly for the Bank is not in the business of owning homes, and wants this off of their accounting books. The asking price is only $714,900. For more details and photos, visit: www.27702Bahamonde.com
The home is in an Excellent location in South MV near shopping, Saddleback College, Mission Viejo Hospital, Freeways, Mission Viejo Country Club and Award Winning Schools. Dues include Lake MV membership, and there is NO Mello-Roos.
For a list of all homes for sale that are in Foreclosure, Bank Owned REO, or Short Sales, please visit our website at: www.OCBargainHomes.com
by Vincent Bindi on March 13, 2007
This bank Owned home was just listed for sale on 3/12/2007 for an asking price of $639,900. This is a single story home consisting of 3 bedrooms, 2 baths, 1,561 square feet and a 2 car garage on a large corner lot. The property has nice Carpets, decent Paint, large back yard, open kitchen, and shows light and bright. The bank is selling this home in it’s ’AS IS’ Condition.
This bank REO home is located in central Mission Viejo in the Eldorado tract, close to the intersections of Alicia Pkwy and Coronel Dr.
There are No HOA dues and No Mello-Roos. This home is serviced by the Saddleback Valley Unified School district. The grade school classes are at Cordillera Elementary school. The intermediate classes are at La Paz Middle School and the upper grades are at Mission Viejo High School.
If you would like to view the inside of the this home, or obtain information about other Foreclosed homes for sale, please call us at: 949-388-3396 or drop us an email at: Info@SearchOCHomes.com Click on the following ling to view all homes for sale in Mission Viejo.
by Vincent Bindi on February 18, 2007
This Bank owned Condominium was listed on the market for sale on February 17, 2007. The asking price is $488,500 and this REO property is being sold in it’s present “As Is” condition. This 2 story, 3 bedroom, 2.5 bath end unit townhome includes a spacious 2 car attached garage with direct access to the home. It has a double door entry with flooring and neutral carpet. Many windows made possible by the end unit location, allow for a lots of natural light. This home also has mirrored wardrobe doors, ceiling fans, and a fenced backyard brick patio to barbecue and entertain.
This REO property was built in 1986 and is located in the Ridgemont tract of Mission Viejo. This fine community is located close to the intersection of Los Alisos and Vallejo street. The Ridgemont community has an association pool and spa.
The dues are $230 per month plus an additional $19 per month which includes this property in the Lake Mission Viejo association. The dues also include trash service, fire insurance, as well as landscape and exterior property maintenance There is no Mello-Roos tax levied on this condominium. The grade school for this condo is Cordillera, the intermediate school is Los Alisos middle school and the upper classes are conducted at Mission Viejo High School.
There are two other 3 bedroom, 2.5 bath condos currently listed for sale in the Ridgemont tract that are priced at $537,000 and $545,000. If you would like more information regarding Bank Owned homes for sale in Mission Viejo or to view this property in Ridgemont, please call us at: 949-388-3396 or send us an email at: Info@SearchOCHomes.com
