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.
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 10/25/2014)
1 bed, 1 full bath
$149,500 : 1815 E 66TH ST, Los Angeles3 beds, 1 full bath
$149,900 : 4046 ABOURNE RD, Unit A, Los Angeles2 beds, 1 full bath
$199,900 : 419 East 115th Street, Los Angeles2 beds, 1 full bath
$210,000 : 1183 East 47th Place, Los Angeles2 beds, 2 full baths
$219,900 : 10010 South San Pedro Street, Los Angeles3 beds, 3 full, 1 part baths
$219,900 : 604 W 104TH ST, Los Angeles2 beds, 1 full bath
$219,900 : 345 S ALEXANDRIA AVE, Unit 123, Los Angeles1 bed, 1 full bath
$229,000 : 224 W 98TH ST, Los Angeles2 beds, 1 full bath
$229,900 : 719 East 95th Street, Los Angeles2 beds, 2 full baths
$238,600 : 2122 East 111th Street, Los Angeles4 beds, 2 full baths
$240,500 : 2414 Metzler Drive, Los Angeles3 beds, 1 full bath
$245,500 : 436 E 111TH ST, Los Angeles3 beds, 1 full bath
$249,900 : 10010 Paloma Avenue, Los Angeles2 beds, 1 full bath
$255,000 : 847 East 116th Street, Los Angeles3 beds, 1 full bath
$279,000 : 737 East 87th Place, Los Angeles3 beds, 2 full baths
$294,900 : 2021 W 94TH ST, Los Angeles2 beds, 2 full baths
$299,900 : 2122 Santa Ana North, Los Angeles4 beds, 3 full baths
$299,900 : 242 W 45TH ST, Los Angeles3 beds, 2 full, 1 part baths
$307,900 : 608 West 42nd Street, Los Angeles2 beds, 1 full bath
$308,900 : 359 E 116TH PL, Los Angeles3 beds, 2 full baths
$321,900 : 4732 Topaz Street, Los Angeles1 bed, 1 part bath
$324,900 : 1583 E GAGE AVE, Los Angeles3 beds, 2 full, 1 part baths
$329,900 : 9437 South Harvard Boulevard, Los Angeles2 beds, 1 full bath
$349,900 : 11307 Southwest Boulevard, Los Angeles3 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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