Bryan, the truth is....there is a TON of properties that fall within those parameters. And as the time grows nearer, there will be a TON more. One of the best things going for you right now, is that Orange County has had a large rise in Foreclosures. If you want the best deal.....right now, buying a Short Sale is the key. This is when you buy a house for less than what the seller owes. These homes usually are selling for 10-20% below market value. However, they are quite tricky to complete. This type of transaction requires someone to negotiate this deal with the seller's present lender....the same lender that they are in Default with. This requires a Short Sale Specialist, not just a normal Real Estate Agent.
A Short Specialist to me is: someone who has been working with and negotiating loans with a variety of different banks, for many years. Someone who also has his/her Real Estate License so that they can help you buy/sell your home. Someone who is a Realtor....a member of CAR, NAR, and OCAR. Someone who isn't scared of picking up the phones and getting a deal done.
If you would like to look into this further, please visit my website: http://www.ocshortsalearena.com
Links to everything you'll need are on my site: MLS is free. There is no signing up. Just hit the button and search for homes. Research the schools, local news, crime rates, populations, weather, and more.
I appreciate the opportunity to earn your business, and look forward to speaking with you soon.....
OC Short Sale Arena