Southern California Foreclosures and Bank-Owned Homes

Browse the latest foreclosures and bank-owned (REO) homes, updated daily from the MLS. Orange County listings are shown below; choose a county to see its listings, or view pre-foreclosure short sales across all four counties:

Buying a bank-owned home has its own rules: lender addenda, as-is condition, proof of funds and strict deadlines. We have handled these transactions for over 20 years and can guide you from offer to keys. Call or text Namneet Dhaliwal at (714) 932-9409 or contact us.

REO Broker Services for Lenders and Asset Managers

Namneet Dhaliwal, Broker and President of Zone Realty, Inc., has managed bank-owned properties from assignment to close of escrow for national lenders, servicers and asset managers since 2003, and was consulted by NBC News as a local REO expert.

Download Our REO Resume (PDF)

REO history

REO listing agent for: Wells Fargo, Premier Asset Services, American Home Mortgage, Bankers Asset Management and USRES.

As part of a brokerage team, REO properties sold for: Bank of America, Chase, Washington Mutual, World Savings / Wachovia, GMAC, Residential Funding Corp., Homecomings Financial, EMC Mortgage Corp., Security Pacific Bank, Glendale Federal, American Savings, GN Mortgage and Transamerica.

Trained or approved with: Citi Residential, First American REO, First Preston, LRES, FAS, REM Corp., Clear Capital, National Default Servicing, Asset Valuation and Marketing, Dispo Solutions, Keystone and eMortgageLogic.

Several of these institutions have since merged or ceased operations; the experience and standards learned with them remain part of how every listing is handled.

What we handle

• Securing the asset: occupancy check, re-key and securing within 24 hours; cash-for-keys coordination on occupied properties.
• Property preservation: trash-out and cleaning of vacant properties within 3 to 5 days of listing.
• Valuation and due diligence: interior BPOs with photos and market analysis, repair bids, termite report and Natural Hazard Disclosure within 3 to 5 days, or as requested.
• Rehab oversight: monitoring repairs and recommending value-adding improvements to bring each property to market-ready condition.
• Expense advancement: approved repair, utility and maintenance bills paid and submitted for reimbursement.
• Buyer qualification: pre-approval of prospective buyers, with an estimated closing statement submitted with every offer.
• Marketing: professional photography, virtual tours, staging, open houses and targeted online marketing, with every listing featured on zonerealty.com.
• Reporting and closing: written sales objective reports bi-weekly or monthly, auction support and rush orders.

Platforms and areas served

Experienced with Equator, RES.NET, VRM and other lender and asset-manager platforms, with online and paper submissions. REO and BPO services throughout Orange, Los Angeles, Riverside and San Bernardino counties.

Asset managers and lenders: call (714) 932-9409 or email info@zonerealty.com to send an assignment, or download our REO resume.

Zone Realty, Inc. | 1500 E Katella Ave Suite K, Orange, CA 92867 | DRE #01393340