Foreclosure in 90043>Question Details

Tiana, Home Buyer in Los Angeles, CA

Is there any way to view foreclosure deals without having to subscribe to a program such as RealtyTrac?

Asked by Tiana, Los Angeles, CA Tue Mar 24, 2009

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Tiana, There is a way... Tax sales...http://ttc.lacounty.gov/Proptax/auction_message.htm
Couple of sites to help...http://publicrecords.onlinesearches.com/California-Foreclosu… ... http://www.bid4assets.com/help/index.cfm?fuseAction=TaxSale

The Banks and Gov. maintain Databases of their properties for sale (REO/Foreclosure) and provide those Databases to the public to use. Like these...http://hud2.towerauction.net/CA.htm
http://www.wamuproperties.com/ ... http://reosearch.fanniemae.com/reosearch/

You can find the links to all these databases and more here..
http://www.biggerpockets.com/bank-reo.html
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp

Hope this helps, Dunes
1 vote Thank Flag Link Tue Mar 24, 2009
Tiana,

Of course there is way for you to view foreclosure deals without having to subscribe to any program, interv iew buyer's agents and see who can offer you the most up to date information available. If you'd like me to set you up to a home buyer's system that allows you to see all new inventory let me know. Here is my contact information.

Alexandra Parra (323) 482- 0705 and you can email me at alexandrasellshomes@yahoo.com
1 vote Thank Flag Link Tue Mar 24, 2009
Hi Tiana,

An experienced realtor with foreclosures will be able to update you on the current inventory of an area you're interested in. Was there anything in particular you are looking for in a foreclosure (units, single family etc).

Best Regards,


Grant Linscott
Keller Williams Realty
323.333.6222 Cell
grantlinscottproperty@gmail.com
1 vote Thank Flag Link Tue Mar 24, 2009
I use a company called Default Research. I paid for a six month subscription for all of Los Angeles County and it has paid off tremendously for my company.
0 votes Thank Flag Link Fri Feb 8, 2013
An experience realtor like myself can easily provide you with an up to date inventory of foreclosures in your desired location.
0 votes Thank Flag Link Thu Feb 7, 2013
There is also a list of preforeclosures, short sales and foreclosures on http://www.ishortsales.com
0 votes Thank Flag Link Wed Jun 27, 2012
Also, http://www.ishortsale.com has foreclosures, preforeclosures and short sales.
0 votes Thank Flag Link Mon Jun 18, 2012
0 votes Thank Flag Link Fri Jun 15, 2012
Yes there is. How will you be making your purchase? All cash ? Or financed? Knowing that will help to guide you in the right direction.
There are several options available but best that you know in advance what you want and are willing to invest in, such as area and condition.
If its cash for example and you have money for all improvements then the county courts are best.

Good luck
0 votes Thank Flag Link Thu Jun 14, 2012
Lender-owned foreclosures are listed by the Lenders, when and if they sell them to the public, on the various Multiple Listing Services that most Realtor's websites are tied into. If you want to try to get a pre-foreclosure, those would be listed as short sales if the Owner has chosen that route.

Foreclosure information services are trying to sell monthly subscriptions, so they give the impression that you are going to be able to buy preforeclosures for a fraction of their value. In reality, normal Buyers do not buy at foreclosure, or Trustee's Sales. A Trustee's Sale purchase has to be all cash, no financing, no contingencies of any kind, not even a right to inspect the property, and you may be getting a propety with occupants that will need to be evicted. .On top of that, you might not even be getting clear title.
0 votes Thank Flag Link Wed Jun 13, 2012
There you have it!
8 Links to 8 data bases.
Tiana, knowing your level of experience in acquiring real estate, whether you are an experienced investor or a citizen following the news and realizes now is the time to invest, is extremely helpful in determining which resources are most suitable for your needs.

These 8 databases previously provided appear generous, but you are still in the situation where the origin, timeliness and reliability of the data is unknown.
Notice a few of those links are auction sites. A novice stumbling into that situation is dangerous. Better know what you doing before you write a check at the auction. The end result of chasing all those foreclosure deal on all those links will be no one will return your call. There's a reason for that.

If you like spinning your wheels in the hunt for foreclosures you should visit with DUNES over on Zillow. You would think the best guidance would be from those active in the business and/or owners of real estate themselves. By the way Dunes, do you own any real estate yet? If I'm correct, you where promoting the idea real estate is a terrible investment.

If you are seeking actionable foreclosure data, let the real estate professional you select know the type of property you are seeking, the purpose of your purchase and the purchase option most suitable for you. (traditional, cash, auction, wholesale) and which one's are not suitable for achieving your investment goals. Without this consultation you will be left in the dust with only 'Why?' keeping you company. If you want first look opportunities you will need to make a commitment to your multi-dimensional agent and get on their 'A-List'.

There are some great deals to be found, but you need to be alerted early, able to act quickly and have a means to connect with the deal makers. In this extremely competitive environment, there are no do-overs. Realty Trac is not the best resource. Your multi-dimensional real estate professional is. It sounds like a self-serving statement, but there is real value behind it for those who seek the most effective resource in finding those hard to find deals.

There are several California agents to responded to your question. If you are serious you will pick up the phone can call one of them. That's right, go 'old-school' and pick up the phone.
NO - don't click that 'contact me' link.
No - don't send an email.
Pick up the phone and call...if you are a serious buyer.

You are truly making a wise decision. Your real estate professional will be able to advise in greater detail the options available to you.

Best of success in finding your 'deal' .
0 votes Thank Flag Link Wed Jun 13, 2012
YES. The best way is AT THE COURT HOUSE.

almost ALL on line sources for foreclosures are mis-informed or just late to the party.

Find a Realtor in your area who specialized in foreclosures. But dont waste their time either.

Good Luck
0 votes Thank Flag Link Wed Jun 13, 2012
Thank-you Tiana, I appreciate it very much..............
0 votes Thank Flag Link Thu Mar 26, 2009
Yes, my team uses a computerized system that updates you on any listings that meet your criteria as soon as they come on the market. For more info., please email me at mjremacle@kw.com or you can call my free hotline anytime at 888-253-1976 X38 to receive updated foreclosure lists. Best of luck in your search.
Web Reference: http://LaHomeConnection.com
0 votes Thank Flag Link Wed Mar 25, 2009
We have foreclosures listed on our company website, it's http://www.californiamoves.com. Also, most realtors have access to foreclosures.
0 votes Thank Flag Link Wed Mar 25, 2009
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