Home Buying in 91040>Question Details

SoCal Prefer…, Other/Just Looking in Los Angeles, CA

Im considering buying a house and looking for a deal. where can i find a list of foreclosure properties and pricing for them?

Asked by SoCal Preferred Builders, Los Angeles, CA Thu Dec 19, 2013

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Hello, If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to fit your search criteria to study and compare.

You will also need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.

If you have credit issues, your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
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9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
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0 votes Thank Flag Link Thu Mar 12, 2015
Best way it to hire an experienced real estate broker to help you in your purchase. Distressed properties (short sales/foreclosures) bring its own set of problems. If you are thinking that you are getting a steep bargain on them, it is not always the case. There are less and less distressed inventory available. Experienced local broker will guide you through the process.
0 votes Thank Flag Link Thu Mar 12, 2015
Best place to start is to hire an Exclusive Buyer Agent. EBAs only work with homebuyers and there is never a conflict of interest that will jeopardize your negotiating position. Visit http://www.naeba.org for a referral to an Exclusive Buyer's Agent in your area.

I've written a best selling book called Buying a Home: Don't Let Them Make a Monkey Out of You. It'll teach you how to buy a home without getting ripped off.. Follow the link below.

Best of luck!

Alysse Musgrave
0 votes Thank Flag Link Thu Dec 19, 2013
Our office has listed foreclosures at various times, plus you can find them in the Multiple Listing Service as well. Not as many as there used to be, plus Buyers should know that there are issues that come with foreclosure properties. Sometimes not the bargain they might seem on the surface.
Call a local Realtor in the area in which you are interested in purchasing a foreclosure. They will guide you in the process.

Patricia Ramsey, Realtor-Associate
0 votes Thank Flag Link Thu Dec 19, 2013
There are sites which you pay for. I would suggest using a Realtor who is knowledgeable in the area you would like to buy in. They can send you the properties, including recent comps. No charge!
Please feel free to email me with any further questions.
Susan Bo'ur
Realtor/ Coldwell Banker
0 votes Thank Flag Link Thu Dec 19, 2013
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