Similar to most cities in South Orange County, Laguna Niguel has been greatly impacted by the subprime lending practices and the resulting housing bubble. The city has seen its share of foreclosure properties swell from 32% over the past year to 47% in the most recent three-month period. For the twelve months ending September 30, 2008, 618 homes were sold, 197 (32%) of which were in the foreclosure process. For the past three months, there were a total of 179 homes sold, 85 (47%) of which being foreclosed.

Buyers

This leads to great opportunities in the Laguna Niguel market for people looking to find a great value on a home purchase.

Sellers

It also, suggests the need for people facing foreclosure to seek an expert on short sales to help reduce their credit risk and wrest control of the foreclosure process from the lender(s).

To view available foreclosure properties in Laguna Niguel, please visit our Laguna Niguel Foreclosure Properties page.