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 3/1/2015)

  1. 4 beds, 2 full baths
    Home size: 1,359 sq ft
    Lot size: 4,947 sqft
    Year built: 1972
    Parking spots: 4
    Days on market: 1
  2. 3 beds, 2 full baths
    Home size: 1,168 sq ft
    Lot size: 6,231 sqft
    Year built: 1945
    Parking spots: 4
    Days on market: 2
  3. 2 beds, 1 full bath
    Home size: 764 sq ft
    Lot size: 5,003 sqft
    Year built: 1944
    Days on market: 3
  4. 3 beds, 1 full, 1 part baths
    Home size: 969 sq ft
    Lot size: 4,935 sqft
    Year built: 1925
    Days on market: 3
  5. 3 beds, 2 full baths
    Home size: 1,349 sq ft
    Lot size: 4,681 sqft
    Year built: 1928
    Days on market: 3
  6. 4 beds, 2 full baths
    Home size: 1,510 sq ft
    Lot size: 5,171 sqft
    Year built: 1964
    Parking spots: 4
    Days on market: 3
  7. 2 beds, 1 full bath
    Home size: 840 sq ft
    Lot size: 3,921 sqft
    Year built: 1924
    Parking spots: 2
    Days on market: 4
  8. 2 beds, 1 full bath
    Home size: 1,277 sq ft
    Lot size: 6,317 sqft
    Year built: 1946
    Days on market: 5
  9. 3 beds, 1 full bath
    Home size: 1,642 sq ft
    Lot size: 7,690 sqft
    Year built: 1940
    Parking spots: 4
    Days on market: 5
  10. 2 beds, 2 full, 1 part baths
    Home size: 1,645 sq ft
    Lot size: 23,516 sqft
    Year built: 1991
    Parking spots: 4
    Days on market: 9
  11. 1 bed, 1 full bath
    Home size: 613 sq ft
    Lot size: 1,575 sqft
    Year built: 1924
    Days on market: 9
  12. 2 beds, 2 full baths
    Home size: 1,160 sq ft
    Lot size: 1.59 ac
    Year built: 2006
    Parking spots: 2
    Days on market: 11
  13. 3 beds, 1 full bath
    Home size: 1,314 sq ft
    Lot size: 4,804 sqft
    Year built: 1913
    Parking spots: 4
    Days on market: 16
  14. 5 beds, 4 full baths
    Home size: 2,928 sq ft
    Lot size: 4,512 sqft
    Year built: 1923
    Days on market: 16
  15. 2 beds, 3 full baths
    Home size: 1,393 sq ft
    Lot size: 19,560 sqft
    Year built: 1989
    Days on market: 16
  16. 3 beds, 1 full bath
    Home size: 756 sq ft
    Lot size: 3,124 sqft
    Year built: 1921
    Days on market: 17
  17. 3 beds, 1 full bath
    Home size: 1,260 sq ft
    Lot size: 5,178 sqft
    Year built: 1926
    Parking spots: 2
    Days on market: 19
  18. 4 beds, 1 full, 4 part baths
    Home size: 3,516 sq ft
    Lot size: 16,953 sqft
    Year built: 1970
    Days on market: 23
  19. 3 beds, 2 full baths
    Home size: 1,418 sq ft
    Lot size: 5,601 sqft
    Year built: 1997
    Days on market: 24
  20. 4 beds, 2 full baths
    Home size: 1,482 sq ft
    Lot size: 5,186 sqft
    Year built: 1915
    Days on market: 26
  21. 2 beds, 1 full bath
    Home size: 632 sq ft
    Lot size: 6,968 sqft
    Year built: 1920
    Parking spots: 4
    Days on market: 29
  22. 3 beds, 1 full, 1 part baths
    Home size: 1,933 sq ft
    Lot size: 11,345 sqft
    Year built: 1958
    Parking spots: 9
    Days on market: 32
  23. 4 beds, 1 full, 1 part baths
    Home size: 2,485 sq ft
    Lot size: 7,801 sqft
    Year built: 1909
    Days on market: 33
  24. 3 beds, 2 full baths
    Home size: 1,467 sq ft
    Lot size: 5,192 sqft
    Year built: 1924
    Days on market: 34
  25. 6 beds, 5 full baths
    Home size: 4,162 sq ft
    Lot size: 5,401 sqft
    Year built: 1914
    Days on market: 34

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

Buying or Selling Los Angeles Real Estate

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