When Buying a Los Angeles Home at a Foreclosure Auction Beware of Unknown Matters

We are back to the point about buying a Los Angeles home for a bargain.  You generally get what you pay for.

If you are thinking of buying a home at a foreclosure auction then beware of unknown matters that could pop up, as you will  probably not be offered title insurance on the property.  In a regular sale, the Seller will be paying for your title insurance.  You could be inheriting a bunch of problems which will make it difficult for you when it comes to selling the property.Los Angeles Foreclosure Alternative Deed in Lieu, What is a Deed in Lieu of Foreclosure?

What matters are we talking about here?

1.  Property Taxes

2.  Senior Liens

3.  HOA Liens if the foreclosing lien is not a first mortgage

4.  Federal taxes (IRS has 120 redemption period)

5.  Mechanics’ liens that have priority

6.  Quiet Title Action due to fraud

7.  City Government liens (sewer, trash, abatement, etc.)

8.  Federal judgement liens

9.  Bankruptcies (if no evidence of the Automatic Stay lifted)

10. Easements, Agreements, and CC&Rs.

You may be able to get a binder  from a title company to insure a future transaction ,which may require you to clear all existing matters before an actual sale or refinance.

The foreclosure is not quite the bargain it first seems.

Search Los Angeles Foreclosures for Sale

See all Los Angeles Foreclosures.
(all data current as of 4/27/2015)

  1. 2 beds, 2 full baths
    Home size: 976 sq ft
    Lot size: 5,100 sqft
    Year built: 1925
    Days on market: 0
  2. 3 beds, 2 full, 1 part baths
    Home size: 2,043 sq ft
    Lot size: 5,048 sqft
    Year built: 1954
    Days on market: 1
  3. 4 beds, 3 full baths
    Home size: 2,115 sq ft
    Lot size: 8,021 sqft
    Year built: 1960
    Days on market: 1
  4. 2 beds, 1 full bath
    Home size: 1,144 sq ft
    Lot size: 5,203 sqft
    Year built: 1924
    Days on market: 3
  5. 3 beds, 2 full, 1 part baths
    Home size: 1,363 sq ft
    Lot size: 1.31 ac
    Year built: 1998
    Parking spots: 2
    Days on market: 4
  6. 4 beds, 2 full baths
    Home size: 4,018 sq ft
    Lot size: 9,001 sqft
    Year built: 1923
    Days on market: 4
  7. 2 beds, 2 full baths
    Home size: 1,467 sq ft
    Lot size: 5,407 sqft
    Year built: 1909
    Parking spots: 1
    Days on market: 5
  8. 2 beds, 1 full bath
    Home size: 900 sq ft
    Lot size: 5,884 sqft
    Year built: 1944
    Days on market: 5
  9. 3 beds, 1 full bath
    Home size: 1,060 sq ft
    Lot size: 5,528 sqft
    Year built: 1948
    Parking spots: 10
    Days on market: 5
  10. 2 beds, 1 full bath
    Home size: 1,021 sq ft
    Lot size: 6,392 sqft
    Year built: 1945
    Days on market: 6
  11. 3 beds, 2 full, 1 part baths
    Home size: 1,412 sq ft
    Lot size: 1,880 sqft
    Year built: 2007
    Parking spots: 4
    Days on market: 6
  12. 3 beds, 2 full baths
    Home size: 1,400 sq ft
    Lot size: 5,383 sqft
    Year built: 1939
    Parking spots: 4
    Days on market: 6
  13. 3 beds, 1 full bath
    Home size: 959 sq ft
    Lot size: 4,588 sqft
    Year built: 1921
    Days on market: 7
  14. 5 beds, 3 full baths
    Home size: 2,505 sq ft
    Lot size: 7,375 sqft
    Year built: 1939
    Days on market: 12
  15. 3 beds, 1 full bath
    Home size: 866 sq ft
    Lot size: 4,379 sqft
    Year built: 1905
    Days on market: 17
  16. 2 beds, 1 full bath
    Home size: 1,112 sq ft
    Lot size: 5,498 sqft
    Year built: 1925
    Parking spots: 4
    Days on market: 19
  17. 2 beds, 1 full bath
    Home size: 836 sq ft
    Lot size: 5,322 sqft
    Year built: 1907
    Days on market: 21
  18. 3 beds, 1 full, 1 part baths
    Home size: 1,350 sq ft
    Lot size: 5,584 sqft
    Year built: 1940
    Days on market: 21
  19. 2 beds, 3 full baths
    Home size: 1,590 sq ft
    Lot size: 15,737 sqft
    Year built: 2005
    Days on market: 24
  20. 3 beds, 2 full baths
    Home size: 1,350 sq ft
    Lot size: 1.23 ac
    Year built: 2006
    Days on market: 26
  21. 3 beds, 2 full, 1 part baths
    Home size: 1,735 sq ft
    Lot size: 5,600 sqft
    Year built: 2015
    Parking spots: 4
    Days on market: 26
  22. 2 beds, 2 full baths
    Home size: 1,000 sq ft
    Lot size: 2,557 sqft
    Year built: 1923
    Days on market: 28
  23. 2 beds, 3 full baths
    Home size: 954 sq ft
    Lot size: 11,659 sqft
    Year built: 1985
    Days on market: 29
  24. 4 beds, 2 full baths
    Home size: 2,380 sq ft
    Lot size: 6,131 sqft
    Year built: 1914
    Days on market: 30
  25. 2 beds, 1 full bath
    Home size: 1,026 sq ft
    Lot size: 4,670 sqft
    Year built: 1924
    Parking spots: 5
    Days on market: 35

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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