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Foreclosure in Los Angeles : Real Estate Advice

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  • Home Buying1K
  • Home Selling219
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Activity 302
Wed Jun 25, 2014
Jacqui Rum answered:
Hi Edwin,

You should focus on REO properties, or "bank owned" instead. With foreclosures you will need all cash and you also will "inherit" all the debt that the current seller still has. You will be responsible for any unpaid property taxes...etc. If the seller will not vacate the property, you will be responsible for evicting them... which can be a big pain in the a$$.
And lastly, most of the time, buying a foreclosure is not a bargain. The sellers will have stopped keeping up with the property so there will be a lot of money to invest to fix it up and you will be bidding with others interested so in the end, you will probably end up paying close to the market value for it.

Let me know if you have any more questions. jacqui.rum@gmail.com
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Thu Jun 19, 2014
Naomi Selick answered:
Carthay Square is a lovely neighborhood of mostly Spanish style homes with character where $1M will buy you a fixer if you're lucky and it goes up from there. I have sold several homes in Carthay and would be happy to answer any questions for you. Please call me at 213-280-9120. ... more
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Mon Jun 2, 2014
Douglas Perez answered:
Yes, the bank can still foreclose unless the legal owner, the seller, do something to stop it. There are ways to stop it.
0 votes 6 answers Share Flag
Thu May 29, 2014
Dorene Slavitz answered:
There's not much in the way of foreclosures in Playa anymore.The Real Estate market has changed dramatically (6/2014). It's possible there is a NOD on one of the units, but that does not mean it will actually go to foreclosure.
For timely and accurate information on property in Playa Vista one of the Realtors here on Trulia will be happy to help you.
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Sat May 24, 2014
Brad Korb answered:
Sun Mar 23, 2014
Brad Korb answered:
If 40% close ,then the remaining would go R.E.O. (bank owned )or the owner re-instated the loan ,the bank have worked out a loan modification !
1 vote 21 answers Share Flag
Sun Mar 23, 2014
Giovanni Ferdinand answered:
The MLS has foreclosure properties, however the amount of foreclosures in this area have dwindled.
Giovanni Ferdinand
RealtorĀ®
CalBRE#: 01942485
Office: (424) 280-7400
Direct: (213) 986-6960
giovanni.ferdinand@coldwellbanker.com
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0 votes 2 answers Share Flag
Mon Mar 17, 2014
Dorene Slavitz answered:
Wed Mar 12, 2014
Ben Vorspan answered:
definitely speak with a lender. It's possible that your $30k can buy you a $150k home, if you qualify for a 20% downpayment loan. If you can get a 3% loan, that $30k could buy you a whole lot more! ... more
0 votes 4 answers Share Flag
Thu Mar 6, 2014
Julie Jordan answered:
The address is 8559 West Olympic blvd. Totally renovated 3+3, beautiful, light, with view and brand new kitchen, baths and the rest.
Linda
310-490-2626
lmoreh@sbcglobal.net
0 votes 5 answers Share Flag
Sat Mar 1, 2014
Brad Korb answered:
It looks like you live in Reseda,I would call the L.A. county health department ,you have to have plumbing that is in working order .You can also show the rental agreement to an attorney & have them write a letter to the owner ,good luck ! ... more
0 votes 10 answers Share Flag
Thu Jan 2, 2014
Kathleen Becker answered:
Hi Nic:

What is the address of the house you are referring to? I would be more than happy to look it up for you and give you the foreclosure status.

Let me know!

All the best,

Kat
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0 votes 3 answers Share Flag
Tue Dec 31, 2013
inna ivchenko answered:
Hello Suzy,
it is quite easy to buy a property here. Choose the agent you can trust, the property you think is matching your criteria, and.....the rest your agent will help you with. We can do the whole process from the very start to closing via emails using digital signatures( you don't even need to be in the country). We need your name( exactly how it will be on the title of your property) and POF( proof of funds if you pay all cash).
Call/email me if you have further questions. I've done it many times and would be happy to share my experience or offer my assistance.
Warmest regards,
Inna
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Sat Dec 28, 2013
Shannon Chang answered:
Por su puesto se le puede ayudar, pero no sabemos de que casa habla!
0 votes 3 answers Share Flag
Fri Dec 27, 2013
Brett answered:
Get all the scheduled trustee sale auction information at: http://www.rapidtrusteesale.com for FREE! Also get live up to date recap at: http://www.rapidtrusteesale.com/dailyrecap
0 votes 7 answers Share Flag
Fri Dec 27, 2013
Kathleen Becker answered:
Hi Brett:

Auctions happen daily. You must first identify the property that you want to bid on. In many cases, depending upon if it is a foreclosure auction or a private party auction, you may be able to inspection the property before you bid on it. In some cases, you will not and will bid on the property sight unseen which you may get into a "Money Pit" situation purchasing a home with deferred maintenance and major issues.

What is your ultimate goal?

You might want to consider working with a Realtor who can take you through the process. Keep in mind that inventory is very low and many people are bidding on properties as well.

Feel free to contact me if I may assist.

Good luck!

All the best,

Kat Becker, Realtor
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Sun Dec 15, 2013
Dorene Slavitz answered:
That's probably a mistake or a notice of default. If you would like good information on property....a local Realtor is the only way to go!
0 votes 10 answers Share Flag
Wed Oct 30, 2013
Dorene Slavitz answered:
Dear Chris,
You need a local Realtor to guide you. I recommend you contact one of the Realtors who works the area, from Trulia.
0 votes 10 answers Share Flag
Sun Sep 29, 2013
Diane Broda answered:
Majajing,

Each unit in Playa Vista has two HOA fees. One goes to Playa Vista Parks and Landscape and is always $230. The other is unique to the complex. Both could be anywhere from about $500 to $950.

My fellow agents answered the notice of default questions below.

I have lived in Playa Vista since the first day. Please contact me so I can assist you in finding a wonderful home.

Diane Broda - BRE #01719491
Keller Williams - Marina del Rey/LA
Preferred Playa Vista Agent - Top Producer
310 745-4477 - direct
213 713-2929 - cell
dianebroda@ca.rr.com
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1 vote 8 answers Share Flag
Wed Sep 25, 2013
carlos parrague answered:
you probably should hire a lawyer. Sounds like you don't have one. He would have known how to find that information.
0 votes 4 answers Share Flag
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