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 4/27/2015)
$225,200 : 244 East 76th Street, Los Angeles2 beds, 2 full baths
$705,000 : 2850 Palmer Drive, Los Angeles3 beds, 2 full, 1 part baths
4 beds, 3 full baths
$235,000 : 1454 West 97th Street, Los Angeles2 beds, 1 full bath
3 beds, 2 full, 1 part baths
$799,900 : 1233 Arlington Avenue, Los Angeles4 beds, 2 full baths
$295,900 : 1150 East 56th Street, Los Angeles2 beds, 2 full baths
$252,000 : 900 East 103rd Street, Los Angeles2 beds, 1 full bath
$249,000 : 208 West 121st Place, Los Angeles3 beds, 1 full bath
$219,350 : 832 West 108th Street, Los Angeles2 beds, 1 full bath
$284,900 : 1519 East Gage Avenue, Los Angeles3 beds, 2 full, 1 part baths
$257,500 : 138 East 90th Street, Los Angeles3 beds, 2 full baths
$210,000 : 2414 Metzler Drive, Los Angeles3 beds, 1 full bath
$780,000 : 2326 Glendale Boulevard, Los Angeles5 beds, 3 full baths
$219,000 : 1272 East 46th Street, Los Angeles3 beds, 1 full bath
$330,000 : 8944 South Gramercy Place, Los Angeles2 beds, 1 full bath
$375,000 : 133 South Avenue 64, Los Angeles2 beds, 1 full bath
3 beds, 1 full, 1 part baths
$789,900 : 4301 Los Feliz, Unit 5, Los Angeles2 beds, 3 full baths
$399,900 : 360 West Avenue 26, Unit 319, Los Angeles3 beds, 2 full baths
$215,000 : 2024 North Marianna Avenue, Los Angeles3 beds, 2 full, 1 part baths
$349,900 : 706 Isabel Street, Los Angeles2 beds, 2 full baths
2 beds, 3 full baths
$374,900 : 1100 West 49th Street, Los Angeles4 beds, 2 full baths
$286,800 : 1228 West 65th Street, Los Angeles2 beds, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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