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 3/1/2015)
$285,700 : 9219 Parmelee Avenue, Los Angeles4 beds, 2 full baths
$235,000 : 1807 East 123rd Street, Los Angeles3 beds, 2 full baths
$199,500 : 13014 S SAN PEDRO ST, Los Angeles2 beds, 1 full bath
$280,900 : 112 E 95TH ST, Los Angeles3 beds, 1 full, 1 part baths
$295,000 : 2056 West 68th Street, Los Angeles3 beds, 2 full baths
$335,000 : 313 East 142nd Street, Los Angeles4 beds, 2 full baths
$210,000 : 8317 Elm Street, Los Angeles2 beds, 1 full bath
$935,000 : 2687 GREENFIELD AVE, Los Angeles2 beds, 1 full bath
$185,000 : 1692 East 110th Street, Los Angeles3 beds, 1 full bath
$775,000 : 128 North Swall Drive, Unit 105, Los Angeles2 beds, 2 full, 1 part baths
$234,900 : 2112 W 37TH PL, Los Angeles1 bed, 1 full bath
$375,900 : 360 West Avenue 26, Unit 233, Los Angeles2 beds, 2 full baths
$290,500 : 1324 West 59th Street, Los Angeles3 beds, 1 full bath
$459,900 : 6417 6TH AVE, Los Angeles5 beds, 4 full baths
$665,600 : 11535 ROCHESTER AVE, Unit 205, Los Angeles2 beds, 3 full baths
$168,300 : 1824 E 104TH ST, Los Angeles3 beds, 1 full bath
$274,999 : 1617 East 81st Street, Los Angeles3 beds, 1 full bath
$1,732,500 : 10124 HOLLOW GLEN CIR, Los Angeles4 beds, 1 full, 4 part baths
$344,900 : 359 E 116TH PL, Los Angeles3 beds, 2 full baths
$286,200 : 5907 CROCKER ST, Los Angeles4 beds, 2 full baths
$274,900 : 4611 Strang Avenue, Los Angeles2 beds, 1 full bath
$359,000 : 845 West 124th Street, Los Angeles3 beds, 1 full, 1 part baths
$464,900 : 5005 S GRAMERCY PL, Los Angeles4 beds, 1 full, 1 part baths
$398,000 : 4195 3RD AVE, Los Angeles3 beds, 2 full baths
$499,900 : 5745 5TH AVE, Los Angeles6 beds, 5 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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