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 11/27/2014)
$305,000 : 2703 West 76th Street, Los Angeles3 beds, 1 full bath
$682,000 : 616 S WILTON PL, Unit 403, Los Angeles3 beds, 3 full baths
$370,000 : 10028 South Gramercy Place, Los Angeles3 beds, 2 full baths
$234,900 : 11118 S VERMONT AVE, Los Angeles2 beds, 2 full baths
$226,900 : 616 West 108th Street, Los Angeles2 beds, 1 full bath
$229,900 : 2122 East 111th Street, Los Angeles4 beds, 2 full baths
$551,200 : 3401 Barham Boulevard, Unit 3, Los Angeles3 beds, 3 full, 1 part baths
$228,800 : 9311 PARMELEE AVE, Los Angeles3 beds, 2 full baths
$589,900 : 4553 Saturn Street, Los Angeles3 beds, 2 full, 1 part baths
$168,000 : 2405 East 115th Street, Los Angeles3 beds, 1 full bath
$599,900 : 610 S WILTON PL, Unit 403, Los Angeles3 beds, 2 full, 1 part baths
$699,900 : 1026 S WINDSOR, Los Angeles4 beds, 2 full baths
$484,900 : 2160 CENTURY, Unit 1904, Los Angeles1 bed, 1 full bath
$1,275,000 : 10301 KESWICK AVE, Unit 1, Los Angeles3 beds, 1 full, 2 part baths
$319,000 : 340 East El Segundo Boulevard, Los Angeles3 beds, 2 full baths
$370,000 : 1922 West 112th Street, Los Angeles3 beds, 2 full baths
$329,900 : 1931 W 93RD ST, Los Angeles2 beds, 1 full, 1 part baths
$419,900 : 1629 TOBERMAN ST, Los Angeles4 beds, 1 full bath
$734,800 : 1853 CLYDE AVE, Los Angeles4 beds, 3 full baths
$1,990,000 : 12639 San Vicente Boulevard, Los Angeles5 beds, 5 full baths
$376,600 : 5054 Novgorod Street, Los Angeles4 beds, 2 full, 1 part baths
$168,000 : 10336 LOU DILLON AVE, Los Angeles3 beds, 1 full bath
$584,900 : 537 Redfield Avenue, Los Angeles4 beds, 1 full bath
$199,900 : 419 East 115th Street, Los Angeles2 beds, 1 full bath
$1,350,000 : 6917 PACIFIC VIEW DR, Los Angeles3 beds, 4 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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