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
$325,000 : 1738 West 66th Street, Los Angeles2 beds, 1 full bath
$339,900 : 7033 Madden Avenue, Los Angeles3 beds, 2 full baths
$1,149,000 : 8710 Wonderland Avenue, Los Angeles3 beds, 3 full baths
3 beds, 2 full, 1 part baths
$306,800 : 4920 Arlington Avenue, Los Angeles2 beds, 1 full bath
$350,000 : 2661 Magnolia Avenue, Los Angeles2 beds, 2 full baths
$295,000 : 9405 Anzac Avenue, Los Angeles3 beds, 2 full baths
$291,200 : 674 East 37th Street, Los Angeles5 beds, 2 full, 1 part baths
$284,600 : 1963 East 92nd Street, Los Angeles3 beds, 1 full bath
$325,000 : 3061 West 12th Place, Unit 108, Los Angeles2 beds, 2 full baths
$270,000 : 759 East 40th Place, Los Angeles3 beds, 2 full baths
$324,000 : 2224 East 105th Street, Los Angeles4 beds, 2 full, 1 part baths
$405,000 : 1258 West 82nd Street, Los Angeles4 beds, 4 full baths
$644,800 : 771 Montecito Drive, Los Angeles3 beds, 1 full, 3 part baths
$349,900 : 845 West 106th Street, Los Angeles3 beds, 1 full bath
$955,000 : 1800 South Ridgeley Drive, Los Angeles3 beds, 3 full baths
$125,000 : 5117 Compton Avenue, Los Angeles3 beds, 1 full bath
$949,900 : 3487 Mclaughlin Avenue, Los Angeles5 beds, 2 full baths
$459,900 : 312 West 5th Street, Unit 1101, Los Angeles1 bed, 1 full bath
$339,900 : 4932 South Wilton Place, Los Angeles2 beds, 1 full bath
$754,000 : 8191 Baird Road, Los Angeles2 beds, 2 full baths
$700,000 : 1905 Isabel Street, Los Angeles5 beds, 4 full baths
$264,900 : 7423 South Halldale Avenue, Los Angeles2 beds, 1 full bath
$399,000 : 716 West 118th Street, Los Angeles4 beds, 1 full, 1 part baths
$255,000 : 3201 Hyde Park, Los Angeles2 beds, 1 full bath
See all Los Angeles Foreclosures.
(all data current as of 9/2/2015)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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