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 7/29/2014)
$325,000 : 242 W 45TH ST, Los Angeles3 beds, 2 full, 1 part baths
$238,600 : 2122 East 111th Street, Los Angeles4 beds, 2 full baths
$247,500 : 1324 W 85TH ST, Los Angeles2 beds, 1 full bath
$272,900 : 5606 RUTHELEN ST, Los Angeles2 beds, 1 full bath
$278,900 : 719 East 95th Street, Los Angeles2 beds, 2 full baths
$299,900 : 2033 West 82nd Street, Los Angeles2 beds, 1 full bath
$349,900 : 1414 West 81st Street, Los Angeles3 beds, 1 full bath
$1,365,000 : 2711 RINCONIA DR, Los Angeles4 beds, 4 full baths
$1,650,300 : 341 North Sweetzer Avenue, Los Angeles5 beds, 3 full baths
$2,090,000 : 701 TEAKWOOD RD, Los Angeles3 beds, 4 full baths
$80,000 : 1507 East 24th Street, Los Angeles1 bed, 1 full bath
$337,000 : 608 West 42nd Street, Los Angeles2 beds, 1 full bath
$369,000 : 3732 CITY TERRACE DR, Los Angeles3 beds, 3 full baths
$594,000 : 2625 CULLEN ST, Los Angeles4 beds, 2 full baths
$245,900 : 322 East 57th Street, Los Angeles3 beds, 1 full bath
$274,900 : 7718 S HARVARD BLVD, Los Angeles2 beds, 1 full bath
2 beds, 2 full baths
$630,000 : 1650 LA FAYETTE RD, Los Angeles4 beds, 1 full, 1 part baths
$519,900 : 523 North St Andrews Place, Los Angeles2 beds, 1 full bath
$184,900 : 1634 E 108TH ST, Los Angeles3 beds, 2 full baths
$469,900 : 6309 GARVANZA AVE, Los Angeles4 beds, 2 full baths
$272,900 : 8918 Beach Street, Los Angeles3 beds, 2 full baths
$1,050,000 : 330 West 11th Street, Unit 101, Los Angeles3 beds, 3 full baths
$364,900 : 11139 South Manhattan Place, Los Angeles4 beds, 2 full baths
$279,900 : 8619 Plevka Avenue, Los Angeles2 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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