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 3/27/2015)

  1. 2 beds, 1 full bath
    Home size: 1,275 sq ft
    Lot size: 6,152 sqft
    Year built: 1929
    Days on market: 1
  2. 2 beds, 1 full bath
    Home size: 1,275 sq ft
    Lot size: 6,152 sqft
    Year built: 1929
    Days on market: 3
  3. 3 beds, 1 full bath
    Home size: 1,590 sq ft
    Lot size: 5,430 sqft
    Year built: 1921
    Days on market: 4
  4. 2 beds, 1 full bath
    Home size: 1,026 sq ft
    Lot size: 4,670 sqft
    Year built: 1924
    Parking spots: 5
    Days on market: 4
  5. 4 beds, 2 full, 1 part baths
    Home size: 2,563 sq ft
    Lot size: 7,005 sqft
    Year built: 1936
    Parking spots: 6
    Days on market: 6
  6. 3 beds, 2 full baths
    Home size: 1,080 sq ft
    Lot size: 4,716 sqft
    Year built: 1912
    Parking spots: 5
    Days on market: 7
  7. 4 beds, 2 full, 1 part baths
    Home size: 2,563 sq ft
    Lot size: 7,005 sqft
    Year built: 1936
    Parking spots: 3
    Days on market: 8
  8. 2 beds, 1 full bath
    Home size: 1,055 sq ft
    Lot size: 5,001 sqft
    Year built: 1941
    Parking spots: 4
    Days on market: 8
  9. 4 beds, 2 full, 1 part baths
    Home size: 1,964 sq ft
    Lot size: 6,000 sqft
    Year built: 1941
    Days on market: 8
  10. 3 beds, 2 full baths
    Home size: 1,550 sq ft
    Lot size: 7,500 sqft
    Year built: 2005
    Days on market: 9
  11. 4 beds, 2 full, 1 part baths
    Home size: 1,964 sq ft
    Lot size: 6,000 sqft
    Year built: 1941
    Days on market: 9
  12. 3 beds, 2 full baths
    Home size: 1,550 sq ft
    Lot size: 7,500 sqft
    Year built: 2005
    Days on market: 10
  13. 3 beds, 1 full bath
    Home size: 934 sq ft
    Lot size: 2,400 sqft
    Year built: 1921
    Days on market: 10
  14. 3 beds, 1 full bath
    Home size: 934 sq ft
    Lot size: 2,400 sqft
    Year built: 1921
    Parking spots: 1
    Days on market: 11
  15. 4 beds, 1 full bath
    Home size: 2,280 sq ft
    Lot size: 5,840 sqft
    Year built: 1903
    Days on market: 16
  16. 4 beds, 1 full bath
    Home size: 2,280 sq ft
    Lot size: 5,840 sqft
    Year built: 1903
    Days on market: 17
  17. 3 beds, 2 full baths
    Home size: 976 sq ft
    Lot size: 4,263 sqft
    Year built: 1922
    Days on market: 18
  18. 3 beds, 2 full baths
    Home size: 976 sq ft
    Lot size: 4,263 sqft
    Year built: 1922
    Days on market: 18
  19. 2 beds, 1 full bath
    Home size: 784 sq ft
    Lot size: 4,174 sqft
    Year built: 1922
    Days on market: 18
  20. 2 beds, 1 full bath
    Home size: 784 sq ft
    Lot size: 4,174 sqft
    Year built: 1922
    Days on market: 19
  21. 2 beds, 2 full baths
    Home size: 1,510 sq ft
    Lot size: 17,116 sqft
    Year built: 2005
    Days on market: 19
  22. 2 beds, 1 full bath
    Home size: 683 sq ft
    Lot size: 2,795 sqft
    Year built: 1929
    Days on market: 19
  23. 3 beds, 2 full, 1 part baths
    Home size: 1,544 sq ft
    Lot size: 6,600 sqft
    Year built: 1955
    Parking spots: 4
    Days on market: 23
  24. 3 beds, 2 full baths
    Home size: 976 sq ft
    Lot size: 4,263 sqft
    Year built: 1922
    Days on market: 23
  25. 2 beds, 1 full bath
    Home size: 683 sq ft
    Lot size: 2,795 sqft
    Year built: 1929
    Days on market: 23

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

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