I moved to S.California and want to buy expensive foreclosure home. Where do I get list.

Question

I am new to LA , California and want to buy good quality home in nice area in northern LA like chatsworth or granada hills. I prefer to buy foreclousre property. Where do I get that information and how do I know it's good deal. Any advice will be greatly appreciated,

Answer 1

You can find Foreclosure daily updated listing here:

http://www.wisepages.com/money/foreclosu...

They have 7 days free trial, so you get plenty of time to get situated. After you’ll pick several properties from their list just compare those with local real estate regular listing. It will give you some initial ideas. But of course it is very difficult to make a conclusion how good is a deal. So many factors…

Answer 2

The best way i think is to find a realtor that would work with you.  go to several realtors office and ask for the ones that's also an investor, that would make a big difference.  have them setup a automated email listing for you so it can email you all the new listings everyday.  then at the description column of the listing, if it says something like "as is" "proof of fund required" or "bank owned", those are indications that they are foreclosed homes.  be prepare to see ugly houses, look beyond dirty walls, and dirty floors.  they can be changed easily  

Answer 3

First of all, it doesn't have to be a foreclosed property to be a good deal.  

The best way to find a home is to determine the area that you want to live in first.  Then drive around the area to find a house you like. Then visit a Real Estate office and tell them the address of the property you were interested in (whether it is for sale or not) and then ask for a list of properties for sale that are just like that.  Finally, if you really want to buy a foreclosed property ask to agent to indicate which properties on the list are foreclosed.