are any of the foreclose properties for lease?

Asked by Janice Herod, Los Angeles, CA Fri Sep 13, 2013

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Gail Mercedes…, Agent, Beverly Hills, CA
Sun Sep 22, 2013
Janice,

In L.A. generally foreclosed properties are not for lease. Banks want the properties sold. Have noticed that investors that have purchased foreclosure in the past recession years have fixed up the homes and leased because they could not sale at a profit. In this market if investor can get a profit they as well are selling properties.

Gail Mercedes Cole
EXP Realty Marina del Rey
310.853.9933
0 votes
Cindy Davis, Agent, San Diego, CA
Sat Sep 14, 2013
No - bank owned foreclosures are not typically leased. Banks want the properties off their books as soon as possible
0 votes
JR Thrasher, Agent, San Diego, CA
Sat Sep 14, 2013
I just wrote a blog about "Finding Foreclosures on Trulia" I'll put a link to it in the web reference, that should answer all of your questions.

J.R. Thrasher
http://www.SanDiegoRealEstateVeterans.com
619-929-0105
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