There are presently over 25,000 foreclosed properties in Orange County, CA, inviting buyers to bid for them at the scheduled foreclosure auctions. The average listed price of the foreclosed homes is over $380,000. During September, 2009, one in every 21,943 housing units in Orange County was at the unfortunate receiving end of a foreclosure filing.

There’s obviously no dearth of buying or investment opportunities for anyone interested in foreclosed homes in the US. The state of California alone has accounted for nearly a third of all the foreclosures that have taken place in the whole of the nation in recent years. Orange County has umpteen foreclosed properties of every conceivable variety to meet the various homebuyers’ diverse needs.  

Now, if you’re wondering which region in Orange County has witnessed the most foreclosure activity, it is Santa Ana, with 653 foreclosure filings. Anaheim comes second, with 550 foreclosures. The other cities or regions making up the Top 10 Foreclosure Regions in Orange County are as follows: Garden Grove {281}, Irvine {255}, Fullerton {232}, Huntington Beach {218}, Orange {215}, Mission Viejo {190}, Laguna Niguel {155}, and Lake Forest {153}.

Prospective buyers may find the above information useful. If you are keen to buy a foreclosed property, it is obvious that the town with relatively greater foreclosure filings would prove a better option for you to invest your money in. This would be for the twin reasons of there being a wider range of property options, as well as the higher supply of real estate options serving to lower the listed price of the seized houses.

As with any other investment, it makes eminent sense to conduct adequate market survey before you decide to part with your precious money. The real estate market has long been known to render people millionaires – or paupers – virtually overnight!