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Orange County Foreclosure Search

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Foreclosures in Orange County

Whether your south Orange County home is facing foreclosure or you're interested in purchasing a short sale home, Hakola & Associates can assist. We specialize in distressed properties and can assist both buyers and sellers. Short sales and foreclosures can be a tricky process, which is why you need experienced professionals on your side each step of the way.

If you're stressed out about your home being foreclosed, contact us right away! We will help you assess your options and find a solution that will work for you.

Orange County Short Sales vs. Foreclosures

Short Sale in Orange CountyA lot of people mix up the two terms, but there are some very distinct difference between short sales and foreclosures in Orange County. The best solution is going to vary from person to person, so we always recommend contacting a real estate expert to determine what option is best for you. A short sale may have been the best option for your neighbor but a foreclosure might be right for you. We're always happy to evaluate your situation, answer questions and help you buy and sell distressed homes.

What is a Foreclosure?

A foreclosure occurs when home owners stop making payments on their mortgage and the lender decides to take back the property. A foreclosed home is being sold directly by the lender, often against the will of the original home owner, which means they follow strict legal processes. In California, most lenders use the non-judicial process for foreclosures.

California Foreclosure Process (Non-judicial):

  1. The lender will contact the home owner in person or by phone to analyze your situation and discuss any options available to prevent foreclosure. The lender must provide you with the opportunity to schedule a meeting within 14 days to discuss avoiding foreclosure.
  2. 30 days after the initial contact, the lender can begin the foreclosure process by serving a Notice of Default.
  3. After a minimum of three months, the lender may serve a Notice of Sale to the home owner.
  4. After an additional twenty days, the property can be sold.

Foreclosures can be an overwhelming and scary process, but we can help. Call us today at (877) 442-5652 to talk about your options for selling your distressed property. We specialize in all distress properties including Irvine foreclosures, Laguna Beach short sales, Laguna Niguel foreclosures and beyond. If you're in the south Orange County area, we can help.

What is a Short Sale?

An Orange County short sale can be a challenging process, which requires the assistance of knowledgeable real estate professionals. A home goes into short sale when lenders agree to receive less for the house than the original debt owing, and a real estate agent can work with you to get that approval. Hakola & Associates will work on your behalf with the banks to receive approval for your short sale and then help you sell your home!

Top 5 Short Sale Myths

  • Home owners have to be behind on payments to qualify for a short sale
  • Lenders prefer foreclosures to short sales
  • A house has to be listed prior to being considered for short sale
  • Short sales don't affect credit ratings
  • It's too late--my house is already being foreclosed, so the bank won't accept a short sale

None of the five statements above are true but a lot of people think they are, which is why it's important to have a knowledgeable real estate expert on your side when you are considering your options. We can help dispel myths and ensure that all the information you receive is accurate. Short sales negotiations are known to deliver more favorable results when individuals are represented by a real estate agent, which is why we recommend getting in touch with our expert team.

If you think a short sale is right for your Orange County home, contact us today. We will be happy to help assess your situation and determine the best solution for your distressed property. Our team of experts loves a challenge and has one of the highest success rates in the region.

Newest Orange County Foreclosure Homes for Sale

6671 Mason, Huntington Beach image
6671 Mason, Huntington Beach $985,000

The charming beach cottage has been completely remodeled and is ready to be called home. The bright airy floor plan makes this the perfect family home with an oversized ...

  • 3 Beds
  • 3 Baths
  • DW21012634 MLS
  • Active Under Contract Status
2812 Ocean Blvd, Corona Del Mar image
2812 Ocean Blvd, Corona Del Mar $6,950,000

LOCATION LOCATION LOCATION - This coveted Ocean Blvd address and location is amongst the most notable with excellent proximity to beach access, sits across from the famou...

  • IV21011816 MLS
  • Active Status
14 Hawkeye, Irvine image
14 Hawkeye, Irvine $2,229,000

With an impressive array of high-end upgrades & luxurious finishes, this executive residence rivals professionally decorated model homes in Irvine. Featuring the most pop...

  • 4 Beds
  • 4 Baths
  • OC21007981 MLS
  • Coming Soon Status
12700 Josephine Street Unit #119, Garden Grove image
12700 Josephine Street Unit #119, Garden Grove $449,000 ▼

Tri-Level Condo in gated Community. 3 Bedroom + 2 Bathroom with a 2 car attached Garage. Bedroom #1 on the lower level with connecting Bathroom and a small patio off of b...

  • 3 Beds
  • 2 Baths
  • PW20258611 MLS
  • Active Status
24701 Raymond Way Unit #83, Lake Forest image
24701 Raymond Way Unit #83, Lake Forest $135,000

Senior park, $1,020/month. Beautifully remodeled and ready to move in 2Bedroom & 2 Bath with 1560 Sq. Ft of living area. New dual pane windows and beautiful laminate floo...

  • 2 Beds
  • 2 Baths
  • OC20258001 MLS
  • Active Status
5619 Ball Road, Cypress image
5619 Ball Road, Cypress $1,000,000

This is a level lot next to CVS Pharmacy, there used to be a fast food on the lot. 108 front feet along Ball Road, a well known road that runs from LA county to Orange Co...

  • PW20253560 MLS
  • Active Status
337 Avenida Sevilla Unit #A, Laguna Woods image
337 Avenida Sevilla Unit #A, Laguna Woods $248,000 ▼

Single Level San Sebastian. Recently Renovated. 2 bedroom + 2 bathroom in Laguna Woods. Approx. 953sq.ft. of living space. Shows light and bright with recent renovations....

  • 2 Beds
  • 2 Baths
  • SR20212797 MLS
  • Active Status
21 Skyridge, Newport Coast image
21 Skyridge, Newport Coast $8,000,000 ▼

Sprawling estate home with over 11,000 square feet of living space (per tax assessor), situated in the highly coveted and exclusive neighborhood of Pelican Hills. Situate...

  • 5 Beds
  • 8 Baths
  • OC20204748 MLS
  • Active Status
611 Calle Campana, San Clemente image
611 Calle Campana, San Clemente $881,900

Welcome home landlords to the city of San Clemente and to the opportunity to own one of the rare fourplexes in this Coastal Resort. The city is home to the former Western...

  • 8 Beds
  • 7 Baths
  • NP20088099 MLS
  • Active Under Contract Status
2856 Terry Road, Laguna Beach image
2856 Terry Road, Laguna Beach $2,250,000 ▼

This sleek, contemporary home has been tastefully updated to capture the stunning views overlooking iconic Victoria Beach. An open-concept kitchen, family room with custo...

  • 4 Beds
  • 4 Baths
  • LG19177900 MLS
  • Active Under Contract Status

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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"Karen was extremely accommodating to our busy schedules and quick to respond. She really knew the Southern Orange County areas we were interested in ... more "
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Hakola & Associates
Regency Real Estate Brokers
Cal BRE # 01200533
25950 Acero Ste. 100
Mission Viejo, CA 92691
(949) 661-7653
hakolas@hakolas.com

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