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
1 bed, 1 full bath
$264,900 : 245 West 118th Place, Los Angeles2 beds, 1 full bath
$759,000 : 5516 South Holt Avenue, Los Angeles4 beds, 3 full baths
$499,000 : 2406 Carmona Avenue, Los Angeles2 beds, 1 full bath
$399,900 : 2028 West 67th Street, Los Angeles2 beds, 1 full bath
$299,900 : 1855 West 67th Street, Los Angeles2 beds, 1 full bath
$275,000 : 243 East Vernon Avenue, Los Angeles2 beds, 1 full bath
$284,900 : 225 West 89th Street, Los Angeles3 beds, 2 full baths
$424,000 : 539 North St Louis Street, Los Angeles4 beds, 1 full bath
$1,699,900 : 6361 Drexel Avenue, Los Angeles3 beds, 2 full baths
$824,000 : 3469 Glenalbyn Drive, Los Angeles3 beds, 3 full baths
$660,000 : 969 Hilgard Avenue, Unit 706, Los Angeles1 bed, 1 full bath
$630,500 : 3854 Arlington Avenue, Los Angeles8 beds, 2 full baths
$274,000 : 251 East 108th Street, Los Angeles3 beds, 1 full bath
$370,000 : 1653 West 81st Street, Los Angeles3 beds, 2 full baths
$265,000 : 1226 East 84th Place, Los Angeles3 beds, 2 full baths
$218,000 : 10512 South Hoover Street, Los Angeles1 bed, 1 full bath
$299,500 : 8117 Towne Avenue, Los Angeles3 beds, 2 full, 1 half baths
$999,000 : 4083 Sea View Avenue, Los Angeles4 beds, 4 full baths
$430,000 : 1119 West 89th Street, Los Angeles4 beds, 2 full baths
$399,900 : 5828 Via Corona Street, Los Angeles3 beds, 3 full baths
$300,000 : 1055 West 103rd Street, Los Angeles3 beds, 1 full bath
$748,000 : 4020 Baywood Street, Los Angeles4 beds, 3 full baths
$397,000 : 1838 West 84th Street, Los Angeles2 beds, 1 full bath
$355,000 : 218 East 56th Street, Los Angeles2 beds, 1 full bath
See all Los Angeles Foreclosures.
(all data current as of 5/28/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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