ForeclosureDeals offers a solid database of Los Angeles bank owned foreclosure homes and Los Angeles government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Los Angeles repossessed homes can be found in a number of ways, such as pre foreclosures, short sales, foreclosure auctions, flipping homes, bankruptcies and home foreclosures for sale in Los Angeles, CA. Our up-to-date real estate foreclosure listings in Los Angeles offers cheap distressed properties for buying & investing, in a great variety of properties like commercial & residential, multi & single family homes, lands, condos and apartment foreclosures in Los Angeles area.
Featuring the bright lights of Beverly Hills, the gorgeous scenery of neighborhoods like the Palisades and diverse culture of Malibu Beach, Los Angeles offers an incredible array of social and business opportunities to serve as a valuable base for substantial real estate investment opportunities often at cheap prices. Nestled amongst three major public universities and the astounding Staples Arena, the Los Angeles suburbs feature tremendous financial opportunities amongst foreclosures of commercial buildings, beautiful single-family homes and condos for sale. Take advantage of these opportunities and start searching for foreclosed homes for sale in Los Angeles, CA now!
For the savvy investor, there is an almost-unlimited supply of prime real estate properties across the country. Prices are also cheaper than ever, especially considering how home values have continued to drop since 2007.
If you want a prime example of a perfect place to begin your real estate search, look no further than Los Angeles, California - the "City of Angels". Boasting the second-largest metro population in the United States, sunny Los Angeles is the virtual capital of Southern California and is known all over the world for its celebrities, gorgeous strips of sandy beaches, and high-class living. It also features global hubs for business, trade, tourism, culture, sports, and technology that attract millions each year.
Real estate investors also travel to LA for some of the best real estate potential in the country. Los Angeles County alone has had a sky-high foreclosure rate for the past four years and is filled to the brim with cheap foreclosure listings.
For this reason, LA should be on the top of anyone's list for affordable properties in a great location.
The price of a home foreclosure and traditional property is only one factor. The property should also be in a high-demand area of town to create premium upside potential.
Some of the best areas in Los Angeles feature:
Based off of these features, some of the most desired areas in Los Angeles include Bel Air, Burbank, Glendale, Griffith Park, Mount Washington, Pacific Palisades, Pasadena, San Marino, Silver Lake, and Venice - although there is a long list of other in-demand neighborhoods that can be appropriate depending on your preference.
Shopping is a major draw of LA, and some of the best shopping is in Hollywood, Pasadena, Santa Monica, Silver Lake, and the San Fernando Valley. For recreational and night-time activities, popular areas include Hollywood, Malibu, Santa Monica, Venice, West Hollywood, and Westwood.
Los Angeles has a metro area population of 12.8 million people. Roughly one out of every 323 housing units in the metro area received a foreclosure filing as of December 2011. Average foreclosures in the city sell for an estimated $280,720, with a median (non-foreclosure) home price at $300,000 for all properties.
Investing in Los Angeles foreclosures means understanding the state of California's non-judicial foreclosure process. After a Notice of Default is filed against the home, the Notice of Trustee Sale can be sent as early as 90 days later. After the Notice of Trustee Sale is sent, the auction can be held just 20 days later. Auctions can be postponed for up to a year. Lenders can own the home if no bidder matches the lender's opening bid. Those wanting to take advantage of prime foreclosure investing opportunities in Los Angeles should understand the process for better results.