REO Properties 2600 Newport Blvd, Newport Beach, CA92663 This is the office for REO Properties, a real estate and mortgage company that specializes in REO, or properties that…More have gone into foreclosure by the bank. It's located in the 29<sup>th</sup>Street Marina which is on the Balboa Peninsula. The office overlooks the marina filled with some of Newport's most beautiful yachts. With the housing market in California being one of the most challenged, this REO office is busy with distressed properties and businesses that have fallen into foreclosure. For people looking to invest and purchase a property, this office is possibly what you're looking for. REO Properties works with the bank to list residential homes, business properties and the luxury items, such as some of the yachts docked in the marina.