92662 Foreclosures

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Search Newport Beach 92662 Foreclosures for sale on the MLS. View recent sales and find homes for sale in Newport Beach which allow for a 50% commission credit.

Newport Beach 92662 Foreclosures

If you’re looking to purchase a Newport Beach home for sale at a bargain price, foreclosures can often be a great opportunity for experienced investors. If a homeowner defaulted on their mortgage and is unable to pay off their debt before their home auction date, the property will revert back to the lender through the Newport Beach foreclosure process. Once a home has been foreclosed on, it will either be sold off in bulk by the bank or listed with an agent who will add to the MLS. Prior to entering into the MLS, it is often only possible to purchase a foreclosure if you have cash. However, once the property comes on the market through the Newport Beach MLS, there is typically preference within the first 2 weeks to FHA or other government-backed mortgages; if the prior loan foreclosed on was a government-backed mortgage.

Hottest Foreclosures Listings in Newport Beach 92662


Active
  • Located in Newport Beach
  • Built in 2014
  • MLS #: NP23007466
  • 3 Bedrooms
  • 3 Baths
  • 2,850 SqFt
More details Listing by Steve Roose, Luxury Real Estate

Active
  • Located in Newport Beach
  • Built in 2019
  • MLS #: NP24085020
  • 3 Bedrooms
  • 4 Baths
  • 2,321 SqFt
More details Listing by Jeff Williams, Pacific Sotheby's Int'l Realty

Active
  • Located in Newport Beach
  • Built in 1937
  • MLS #: NP24089519
  • 4 Bedrooms
  • 5 Baths
  • 2,095 SqFt
More details Listing by Donald Abrams, Abrams Coastal Properties

Active
  • Located in Newport Beach
  • Built in 2012
  • MLS #: NP24071048
  • 3 Bedrooms
  • 5 Baths
  • 2,544 SqFt
More details Listing by Kevin Smith, Surterre Properties Inc.

Active
  • Located in Newport Beach
  • Built in 1998
  • MLS #: OC23225663
  • 2 Bedrooms
  • 3 Baths
  • 1,200 SqFt
More details Listing by Brian Doubleday, Doubleday Group

Active
  • Located in Newport Beach
  • Built in 1985
  • MLS #: LG24031352
  • 5 Bedrooms
  • 4 Baths
  • 2,520 SqFt
More details Listing by John Stanaland, DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Active
  • Located in Newport Beach
  • Built in 1948
  • MLS #: NP23134932
  • 3 Bedrooms
  • 3 Baths
  • 2,160 SqFt
More details Listing by Andrea O Hill, Times Real Estate CA

Active
  • Located in Newport Beach
  • Built in 1995
  • MLS #: NP24009302
  • 3 Bedrooms
  • 3 Baths
  • 2,350 SqFt
More details Listing by Marilyn Williams, Coldwell Banker Realty

Active
  • Located in Newport Beach
  • Built in 1940
  • MLS #: NP24089843
  • 4 Bedrooms
  • 4 Baths
  • 1,863 SqFt
More details Listing by Arthur Dorr, Balboa Realty

Pending
  • Located in Newport Beach
  • Built in 2024
  • MLS #: OC23141890
  • 3 Bedrooms
  • n/a Full bath
  • 2,371 SqFt
More details Listing by Dina Clem, Origin

Pending
  • Located in Newport Beach
  • Built in 1939
  • MLS #: NP23210395
  • 3 Bedrooms
  • 2 Baths
  • 1,059 SqFt
More details Listing by Thomas Christensen, THOMAS E CHRISTENSEN & ASSOC

Active
  • Located in Newport Beach
  • Built in 1926
  • MLS #: NP24047909
  • 3 Bedrooms
  • 2 Baths
  • 1,711 SqFt
More details Listing by Donald Abrams, Abrams Coastal Properties

Pending
  • Located in Newport Beach
  • Built in 1970
  • MLS #: NP24027509
  • 3 Bedrooms
  • 2 Baths
  • 1,416 SqFt
More details Listing by Michael Mullen, Surterre Properties Inc.

Active
  • Located in Newport Beach
  • Built in 1924
  • MLS #: 24360023
  • 2 Bedrooms
  • 2 Baths
  • 904 SqFt
More details Listing by Estel Hilton, The Beverly Hills Estates

Active
  • Located in Newport Beach
  • Built in 2023
  • MLS #: OC24053190
  • 4 Bedrooms
  • 4 Baths
  • 2,430 SqFt
More details Listing by Brian Davis, Douglas Elliman of California

Active
  • Located in Newport Beach
  • Built in 1994
  • MLS #: NP23200825
  • 3 Bedrooms
  • 2 Baths
  • 1,253 SqFt
More details Listing by Donald Abrams, Abrams Coastal Properties

This information is believed to be accurate, but without any warranty.

Newport Beach Real Estate Listings

Search homes for sale in Newport Beach through our MLS powered real estate search. Find and compare homes, condos, and land for sale in Newport Beach. Visit open houses or schedule a tour online with one of our partner agents. When you’re ready to make an offer on a Newport Beach home, you’ll recieve a 50% commission credit when you submit your offer online with OfferDash®.

Open Houses in Newport Beach

If you’re in the market for a new home or just love staying current with what’s on the market, check out the list of Newport Beach open houses happening this weekend. We can help you plan a day to tour homes for sale that are having an open house. When browsing homes for sale in Newport Beach, just hit the save button and build your open house list of homes you want to tour. If you’re not finding any open house options on a property you want to tour, our local Partner Agents can schedule a private tour for you.

Making an Offer to Buy a Home in Newport Beach 92662

We’ve automated the home buying and selling process in order to save thousands for buyers and sellers. Once you’ve found the Newport Beach home for sale that you want to buy, just enter the address in our offer submission form and we’ll automatically draft a legal offer within minutes. In return, you’ll receive a 50% commission credit back for closing costs.

Newport Beach Home Values

Determining your Newport Beach home’s value is a 3 step process. A great way to begin is by checking your property value using our automated home valuation software. This free tool can help you determine what your home might sell for and even calculates estimated rental income it could generate by leasing out your property. To begin the process of determining your Homes value, start a free instant home valuation.

Newport Beach Short Sales

If a homeowner is having difficulty paying their mortgage and their Newport Beach home value has gone down below their mortgage amount, they may be considering a short sale. When a seller lists their Newport Beach home for sale as a short sale, they accept only one offer and submit it to their bank with a short sale package requesting mortgage debt relief. If their lender approves a short sale, they will inform the seller of the minimum net proceeds the bank will take in order to write off the sellers defaulted debt. It is often difficult to reduce the lenders’ short sale approval amount once the lender has made their decision. On loans with mortgage insurance, the lender’s losses are often covered by their insurance up to a certain amount. If a lender accepts a short sale they are likely to not receive a payout from their insurance, so knowing what coverage they have on a loan policy is key when requesting a short sale. If you’re interested in purchasing a Newport Beach home for sale that is listed as a short sale, know that it can be a lengthy process. Those that wait can often get a better deal than a foreclosure; since the bank only reviews 1 offer versus a foreclosure which may have multiple bids. However, a short sale could take months where a foreclosure sale can be sold within days.

Nearby Foreclosure Listings in Newport Beach California

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