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Laveta Terrace, Los Angeles CA 90026

Total views: 41 Last updated 7/24/08

$465,228

2 br ba 1,113 sqft

Single-Family Home

From: RealtyTrac

Listing Type: Foreclosure

Status: Notice of Trustee Sale (Auction) What's this?

Year Built: 1895

Price/sqft: $418

Lot Size:

Days on Market: More than 30 days

ZIP Code: 90026

Neighborhood: Westlake

Additional Info: Prior sale history, Assessor records

This property is a Notice of Foreclosure Sale. A notice was filed at the recorder's office by the lender's attorney signifying a public auction. This 0 square foot property has 0 bedroom(s) and 0 bath(s). The estimated bid amount is $465228. This property will be auctioned at public sale on Jul 21, 2008....
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Pre-Foreclosure (Notice of Default or Lis Pendens)

The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright.

Auction (Notice of Trustee Sale or Notice of Foreclosure Sale)

If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of dealing directly with the borrower/owner.

Bank-owned (Real Estate Owned)

If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction property.

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Laveta Ter, Los Angeles CA 90026 (Location is approximate)

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How Laveta Ter compares to Los Angeles

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This home
Listing price:	$465,228

Compared to Los Angeles
Avg. listing price:	$1,284,751	-64%
Avg. sales price:	$574,854	-19%
Avg. price/sqft:	$388	+8%

More trends for Los Angeles real estate
More trends for Westlake real estate

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