| California has laid claim to the number two spot in | | | | an increase of almost 250%. With so many real estate |
| terms of most foreclosures in the United States - | | | | auctions being scheduled, you won't be able to reach |
| defeated only by Nevada. Los Angeles foreclosures | | | | them all and may end up losing valuable property. Plus, |
| alone have contributed greatly to the state's ability to | | | | you may end up with more troubles than you want, |
| rise so far up in the statistics. While the problems for | | | | including stubborn former owners who have to be |
| the housing marketing continue throughout L. A. and the | | | | forcibly evicted at your expense. |
| rest of the state, now is the best time possible to | | | | The free foreclosure list, on the other hand, is one of |
| consult a free foreclosure list and to start investing in | | | | the best tools for this housing market because it gives |
| good real estate bargains. | | | | an overview of all Los Angeles foreclosures that are |
| First, the bad news needs to be discussed. Los | | | | now available for purchase. If you're an investor, you |
| Angeles foreclosures have literally tripled since 2007 | | | | can easily compare the different properties and |
| when things were already looking bad in the California | | | | choose the ones which seem to have the most future |
| housing market. More than $2 billion in mortgages have | | | | potential. The housing market downturn won't last |
| been defaulted on just in the city alone. Clearly, if you | | | | forever and those Los Angeles foreclosures will |
| pick up a free foreclosure list you are going to find | | | | eventually be pulling in some steep prices again. |
| oodles of property ready to be purchased. However, | | | | With the free foreclosure list, you can also narrow |
| some people may want to skip the free foreclosure | | | | your search to Los Angeles foreclosures in certain |
| list and buy properties at an auction. That is actually | | | | areas of the city. Some parts have been hit harder |
| not a good move in this housing market. | | | | than others but many of the lowest priced properties |
| With Los Angeles foreclosures being so high, the | | | | are not going to be found in desirable neighbors so you |
| number of auctions has increase dramatically as well. | | | | want to be selective when you're searching the |
| Almost 6,000 real estate auctions have been held in | | | | existing housing market. |
| the city between July 2007 and July 2008 - that was | | | | |