Orange County Real Estate Owned (REO) Homes

We all know that the Orange County real estate has seen some troubled days in this past year.  But while the prices of homes have dropped and there are a record number of foreclosures, there actually is a silver lining under all these clouds.  While most Orange County real estate experts talk about the negative affects of this market, few are really highlighting the good points.  In all reality, now is a great time to buy a home – especially if you don’t have one to sell.

And while it’s unfortunate that the number of REO homes or Real Estate Owned properties (foreclosures) is up, those Orange County REO homes are really a great investment.  No matter if you’re a first-time buyer or a real estate investor, foreclosures offer a great chance for you to get the home of your dreams at an unbeatable price.  REO homes are always a good deal because they are owned by the bank, and it’s the bank’s main priority to get rid of this burden.  This means a good or great deal for buyers. 

And especially right now, when banks are having their own financial problems, most are willing to accept any reasonable offer.  So if you’re thinking about buying, you’ll definitely want to look into foreclosures.  You really can get more for your money! If you want to learn more about buying an Orange County REO home, give me call at 949-235-7810 or email me at Angie@AskAngie.com.