Lake Forest Short Sales

Own a Home in Lake Forest and Owe More Than It Is Worth?

When the mortgage, a second loan and liens add up to more than the value of your Lake Forest home, a short sale may be an option. If you need a Lake Forest short sale real estate agent, we list the home and negotiate with each lender. See how our Orange County short sale Realtor service works, or call or text us at 949-430-7500. What you share stays confidential.

Buying a Short Sale in Lake Forest

Every active Lake Forest short sale from the MLS is listed below, updated every 5 minutes. Short sales are rare in Orange County, so the list is often short or empty. Lender approval often takes 30 to 90 days, and the home is usually sold as-is.

Talk With a Lake Forest Short Sale Realtor

Selling as a short sale or buying one, we will help you price it, negotiate it and close it.

Get My Home Valuation Call 949-430-7500 Book a Consultation

Explore More in Lake Forest

Lake Forest Short Sale FAQ

Do I need a short sale Realtor to list my Lake Forest home?

A short sale is listed on the MLS like any other home, but every lender and lienholder also has to approve the sale. We start by comparing the value of your home with everything owed against it, including the first mortgage, a second mortgage, HOA liens and other liens. If the total is higher than the value, we list the home and negotiate with each lender. Call or text 949-430-7500 to talk it through.

Are there short sale homes for sale in Lake Forest?

Sometimes. Short sales are a small part of the Orange County market, and the number in Lake Forest changes from week to week. The list on this page comes directly from the MLS and updates every 5 minutes.

Lake Forest Short Sale Properties for Sale

20702 El Toro Road Unit 231, Lake Forest

$450,000

2 Beds ⋅ 2 Baths ⋅ OC26060489 MLS ⋅ Active Status

This lovely Lake Forest community is now FHA Approved and has passed all SB 326 inspections!!! Welcome to easy, low-maintenance living in the heart of Lake Forest! This beautifully updated ground-level 2-bedroom, 2-bath condominium offers the comfort and convenience today’s buyers are looking for—all with no interior or exterior stairs to navigate. Inside, you’ll find 916 square feet of thoughtfully designed living space featuring Spanish tile flooring throughout, creating a warm, cohesive look that’s both stylish and easy to maintain. The updated kitchen serves as the heart of the home, offering modern finishes, ample cabinetry, and a functional layout that flows seamlessly into the dining and living areas, making everyday living and entertaining effortless. The spacious primary suite provides a private retreat with an en-suite bathroom, while the second bedroom offers flexibility for guests, a home office, or hobbies. A second full bathroom adds convenience for family and visitors alike. Enjoy the ease of having two dedicated parking spaces (one that is covered) and the value of an HOA that includes water, trash, and access to community amenities which include a sparkling pool, sauna and tennis courts, helping simplify monthly expenses while enhancing your lifestyle. Whether you’re purchasing your first home, looking to downsize, or searching for a low-maintenance property in a convenient location, this home checks all the boxes. Ideally situated near shopping, dining, parks, and commuter routes, you’ll enjoy easy access to everything Lake Forest has to offer while coming home to a comfortable and inviting space. Offered at $525,000, this move-in-ready residence combines thoughtful updates, practical features, and an exceptional location into one outstanding opportunity.

20702 El Toro Road Unit 231, Lake Forest

$485,500

2 Beds ⋅ 2 Baths ⋅ NP26083012 MLS ⋅ Closed Status

This gorgeous community is now FHA approved! Tucked within the lush, tree-lined Pheasant Creek community where winding streams and peaceful ponds set the tone, this fully reimagined 2-bed, 2-bath condo with a carport is the California lifestyle upgrade you've been waiting for. Every inch of this home has been thoughtfully touched. The kitchen has been nicely refreshed with sleek stainless-steel appliances and recessed lighting that sets the perfect ambiance. New laminate floors run seamlessly throughout, fresh paint brightens every room, and new ceiling fans in the dining area and bedrooms add both style and function. Both bathrooms? Completely refreshed. The living room opens directly onto a spacious private balcony, your own quiet corner for morning coffee, evening cocktails, or simply doing nothing at all. A patio laundry closet with extra storage keeps life organized without sacrificing space. Parking is a non-issue here as you get both an assigned space and a carport. And when you're ready to venture beyond your front door, the community delivers with resort-style pools, tennis and basketball courts, and scenic walking trails all just steps away. The HOA covers water, sewer, trash, and grounds maintenance, keeping your to-do list blissfully short. As for location, Irvine Spectrum, top-rated schools, parks, hiking trails, and premier shopping are all within easy reach. Whether you're a first-time buyer or savvy investor, this one is FHA approved and move-in ready. Come see it before someone else does.

20702 El Toro Unit 90, Lake Forest

$550,000

2 Beds ⋅ 1 Baths ⋅ OC24102315 MLS ⋅ Closed Status

Welcome to this amazing 2 Bedroom 1 bath home in the beautiful Rancho Viejo complex in Lake Forest. This community is located less than a mile away from the high school, the golf curse, the shopping center restaurants and much more. With easy access to the I-5 and I-405 freeways. Hurry bring your buyer.

22701 Malaga Way, Lake Forest

$399,000

4 Beds ⋅ 3 Baths ⋅ S673007 MLS ⋅ Closed Status

Spacious home in 'The Woods' area of Lake Forest. Street is a little hard to find, but worth it! Just south of the school off Jeronimo. End of cul-de-sac street. Needs paint, carpet and a little TLC, but a good value. Roof is about 5 years old, large back yard deck is about 7 years old, FAU about 3 years old. Double door entry, Vaulted ceilings, 18' floor tiles in entry. Some windows in rear of house have been changed out to dual pane. Fireplace. Rain gutters. Several ceiling fans throughout the house. Alarm system stays with the house. Walk behind wet bar in family room. All bedrooms upstairs. Large master with walk in closet & vaulted ceiling.

24611 SHADOWFAX Drive, Lake Forest

$203,700

2 Beds ⋅ 2 Baths ⋅ S649026 MLS ⋅ Closed Status

Great short sale condo with no one above or below. Model perfect upper END UNIT. Very clean. Great location! Light and bright! Beautiful wood flooring. Upgraded master bedroom w/walk-in closet. High ceilings. Short walk to elmenentary school and lots of guest parking.

28456 KLONDIKE Drive, Lake Forest

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.