How does buying a foreclosed home work in Los Angeles

A lot like buying a conventional home, with a few crucial differences. If you’re buying a foreclosed home in Los Angeles, you’ll be buying from a homeowner in pre-foreclosure, bidding in a foreclosure auction, or purchasing directly from the bank. Learn more about the pros and cons of buying a bank-owned foreclosure .

How do you find foreclosures in Los Angeles?

Sites like foreclosure.com and auction.com will provide a list of foreclosure auctions. For bank-owned properties, visit the REO directories at the banks’ own websites. And for pre-foreclosures, you can check popular websites like Zillow. Check out our list of the best foreclosure websites to find more resources.

Are foreclosures worth buying in Los Angeles?

Absolutely! Buying a Los Angeles foreclosure can yield an amazing bargain. Just be prepared for an unconventional, complex, and potentially drawn-out purchase process. Learn more about how to decide if buying a foreclosed home is right for you .

How long does it take to buy a foreclosed home in Los Angeles?

The state of California has one of the longest foreclosure processes in the U.S. with a minimum of 200 days — but it is usually longer. However, how fast your purchase goes depends on how you’re paying, what conditions and contingencies you insist on, and at what stage of foreclosure you’re buying. See more about how long it might take you to close on your home .

Hannah Warrick

Content Editor

Hannah Warrick joined the Clever team in May 2023 as a Content Editor. She has over 5 years of experience in writing, editing, and research, specializing in personal finance, investing, and real estate topics.

Before joining Clever, Hannah co-launched Greatness.com — a digital publication that covers a variety of self-improvment topics, including real estate investing, personal budgeting, and resolving debt. She also worked with Gusto to update their Partner Resources Blog with over 200 articles that cover topics like cloud accounting, CPA ethics, and more.

Expertise: Discount real estate brokers; flat fee MLS companies; first-time home selling; first-time home buying

Education: B.A. in English from Samford University; Samford Unversity Fellow

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Featured Published Articles

In this guide, you'll learn how to buy foreclosed homes in Los Angeles, the pros and cons of the process, and state-specific laws.
In this guide, you'll learn how to buy foreclosed homes, pros and cons of the process, and how foreclosure laws affect your purchase.
In this guide, you'll learn how to buy foreclosed homes in Pennsylvania, the pros and cons of the process, and state-specific laws.
In this guide, you'll learn how to buy foreclosed homes in Ohio, the pros and cons of the process, and state-specific laws.
In this guide, you'll learn how to buy foreclosed homes in Massachusetts, the pros and cons of the process, and state-specific laws.
In this guide, you'll learn how to buy foreclosed homes in Idaho, the pros and cons of the process, and state-specific laws.

Hannah Warrick

Find more from Hannah

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