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
$254,900 : 935 East Colden Avenue, Los Angeles3 beds, 1 full bath
$599,900 : 960 Terrace 49, Los Angeles2 beds, 1 full bath
$899,900 : 3435 Adina Drive, Los Angeles3 beds, 2 full baths
$449,000 : 1107 West 46th Street, Los Angeles4 beds, 2 full baths
$219,900 : 1245 East 99th Street, Los Angeles2 beds, 1 full bath
$289,000 : 1401 East 100th Street, Los Angeles3 beds, 1 full bath
$595,000 : 1588 West 36th Place, Los Angeles3 beds, 2 full baths
2 beds, 1 full, 1 three-quarter baths
$370,000 : 762 West El Segundo, Los Angeles4 beds, 2 full, 1 half baths
$370,000 : 8501 South Gramercy Place, Los Angeles3 beds, 2 full baths
$499,000 : 1900 Vine Street, Unit 221, Los Angeles2 beds, 3 full baths
$362,000 : 437 North Mountain View Avenue, Los Angeles1 bed, 1 full bath
$249,900 : 9305 Hickory Street, Los Angeles4 beds, 2 full baths
$252,900 : 5604 Clemson Street, Los Angeles2 beds, 1 full bath
$385,000 : 5300 Fairview, Unit 11, Los Angeles2 beds, 2 full baths
$319,500 : 10200 Wadsworth Avenue, Los Angeles3 beds, 1 full bath
$325,000 : 12244 Blakley Avenue, Los Angeles3 beds, 1 full bath
$345,900 : 1537 West 104th Street, Los Angeles3 beds, 1 full bath
$452,400 : 1724 Arapahoe Street, Los Angeles4 beds, 3 full baths
$279,900 : 6500 2nd Avenue, Los Angeles2 beds, 1 full bath
$768,000 : 1472 Landa Street, Los Angeles3 beds, 1 full bath
$265,000 : 1972 East 112th Street, Los Angeles2 beds, 1 full bath
$355,000 : 1100 West 74th Street, Los Angeles5 beds, 2 full baths
See all Los Angeles Foreclosures.
(all data current as of 2/8/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
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