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
$613,600 : 734 South Ardmore Avenue, Los Angeles4 beds, 2 full baths
$400,000 : 200 South Reno Street, Unit 201, Los Angeles2 beds, 1 full bath
$849,900 : 5350 Neal Drive, Los Angeles3 beds, 2 full baths
$347,000 : 118 West 56th Street, Los Angeles4 beds, 2 full baths
$788,200 : 2035 South Spaulding Avenue, Los Angeles3 beds, 2 full baths
$1,522,500 : 1301 North Bundy Drive, Los Angeles2 beds, 1 full, 2 part baths
$949,900 : 10490 Wilshire, Unit 502, Los Angeles2 beds, 2 full, 1 part baths
$299,000 : 404 East Colden Avenue, Los Angeles3 beds, 2 full baths
$45,000,000 : 10410 Bellagio Road, Los Angeles9 beds, 9 full, 8 part baths
2 beds, 2 full baths
$511,400 : 6922 Knowlton Place, Unit 306, Los Angeles3 beds, 2 full baths
$309,900 : 4230 Arlington Avenue, Los Angeles2 beds, 1 full bath
$249,900 : 1322 West 69th Street, Los Angeles3 beds, 1 full bath
$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
$295,900 : 1150 East 56th Street, Los Angeles2 beds, 2 full baths
$252,000 : 900 East 103rd Street, Los Angeles2 beds, 1 full bath
$200,000 : 2414 Metzler Drive, Los Angeles3 beds, 1 full bath
$375,000 : 133 South Avenue 64, Los Angeles2 beds, 1 full bath
3 beds, 1 full, 1 part baths
$349,900 : 706 Isabel Street, Los Angeles2 beds, 1 full bath
$349,000 : 1100 West 49th Street, Los Angeles4 beds, 2 full baths
$286,800 : 1228 West 65th Street, Los Angeles2 beds, 1 full bath
$799,000 : 1654 South Orange Drive, Los Angeles4 beds, 2 full, 1 part baths
3 beds, 2 full baths
See all Los Angeles Foreclosures.
(all data current as of 5/29/2015)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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