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 4/16/2014)
$289,000 : 2221 Inez Street, Los Angeles2 beds, 1 full bath
$285,000 : 2035 West 111th Street, Los Angeles3 beds, 2 full baths
$369,000 : 10982 ROEBLING AVE, Unit 541, Los Angeles1 bed, 1 full bath
$459,900 : 3555 KEYSTONE AVE, Unit 4, Los Angeles1 bed, 1 full bath
$280,000 : 2200 DALY ST, Los Angeles2 beds, 1 full bath
$318,200 : 757 W 124TH ST, Los Angeles3 beds, 2 full baths
$239,900 : 839 West 115th Street, Los Angeles2 beds, 1 full bath
$289,900 : 1218 East 123rd Street, Los Angeles3 beds, 2 full baths
$610,000 : 2162 LYRIC AVE, Los Angeles3 beds, 4 full baths
$770,000 : 8191 BAIRD RD, Los Angeles2 beds, 2 full baths
$799,900 : 4925 West 20th Street, Los Angeles3 beds, 3 full, 2 part baths
$168,590 : 520 West 99th Street, Los Angeles3 beds, 1 full bath
$199,900 : 12008 ELVA AVE, Los Angeles3 beds, 1 full bath
$288,900 : 7726 LA SALLE AVE, Los Angeles2 beds, 1 full bath
$331,000 : 360 West Avenue 26, Unit 115, Los Angeles3 beds, 2 full baths
$1,900,000 : 2276 CHELAN DR, Los Angeles4 beds, 4 full baths
$734,563 : 6059 West 74th Street, Los Angeles3 beds, 3 full baths
$599,000 : 1527 S CLOVERDALE AVE, Los Angeles4 beds, 2 full baths
$150,000 : 10707 South Normandie Avenue, Los Angeles2 beds, 1 full bath
$819,500 : 709 ROBINSON ST, Los Angeles3 beds, 3 full baths
$289,900 : 236 W 54TH ST, Los Angeles3 beds, 1 full bath
$204,900 : 1668 E 82ND PL, Los Angeles3 beds, 1 full bath
$330,000 : 1477 W 20TH ST, Unit 10, Los Angeles3 beds, 3 full baths
$1,690,000 : 6250 HOLLYWOOD, Unit 11M, Los Angeles2 beds, 3 full baths
$192,395 : 3835 Woolwine Drive, Los Angeles1 bed, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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