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 3/7/2014)
$170,500 : 2109 E 105TH ST, Los Angeles3 beds, 1 full bath
$309,900 : 448 E 40TH PL, Los Angeles3 beds, 3 full baths
$205,000 : 4606 3rd Avenue, Los Angeles1 bed, 1 full bath
$214,900 : 2115 East 113th Street, Los Angeles3 beds, 1 full bath
$249,000 : 1732 West 60th Street, Los Angeles3 beds, 2 full baths
$625,000 : 4711 Westdale Avenue, Los Angeles2 beds, 1 full bath
$649,900 : 4567 W 17TH ST, Los Angeles4 beds, 1 full bath
$161,000 : 1210 East 77th Place, Los Angeles2 beds, 1 full bath
$366,000 : 10818 Baring Cross Street, Los Angeles4 beds, 2 full baths
$208,000 : 4046 ABOURNE RD, Unit A, Los Angeles2 beds, 1 full bath
$334,900 : 2538 South Ridgeley Drive, Los Angeles2 beds, 2 full baths
$639,900 : 4161 Don Jose Drive, Los Angeles3 beds, 2 full baths
$680,000 : 4257 Don Mariano Drive, Los Angeles3 beds, 3 full baths
$236,500 : 344 W 57TH ST, Los Angeles3 beds, 2 full baths
$1,300,000 : 6250 HOLLYWOOD BL, Unit 7A, Los Angeles2 beds, 2 full, 1 part baths
$328,000 : 1637 W 56TH ST, Los Angeles4 beds, 2 full baths
$739,900 : 6021 WILL ROGERS ST, Los Angeles3 beds, 2 full baths
$1,095,000 : 2132 S CENTURY PARK LN, Unit 306, Los Angeles3 beds, 2 full, 1 part baths
$409,500 : 13312 Willard Street, Los Angeles3 beds, 1 full, 1 part baths
$1,250,000 : 12308 Sunset Park Way, Los Angeles4 beds, 3 full baths
$241,900 : 10810 GRAPE ST, Los Angeles3 beds, 1 full bath
$369,900 : 1542 West 54th Street, Los Angeles5 beds, 3 full baths
$334,900 : 1141 West 81st Street, Los Angeles2 beds, 2 full baths
$604,900 : 2491 PURDUE AVE, Unit 123, Los Angeles2 beds, 2 full baths
$334,900 : 10521 NATIONAL, Unit 107, Los Angeles1 bed, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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