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South San Pedro Street, Los Angeles CA 90011

Total views: 6 Last updated 8/20/08

$460,000

3 br 2 ba 1,486 sqft

Single-Family Home

From: RealtyTrac

Listing Type: Foreclosure

Status: Notice of Default (Pre-Foreclosure) What's this?

Year Built: 1947

Price/sqft: $310

Lot Size:

Days on Market: More than 30 days

ZIP Code: 90011

Neighborhood: Vernon-Main

Additional Info: Prior sale history, Assessor records

This property is a Notice of Default. This is the initial document filed by an attorney or trustee on behalf of the foreclosing lender that starts the foreclosure process. This 1486 square foot property has 3 bedroom(s) and 2 bath(s). The estimated loan balance is $460000. To access more extensive information...
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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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S San Pedro St, Los Angeles CA 90011 (Location is approximate)

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How S San Pedro St compares to Los Angeles

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This home
Listing price:	$460,000

Compared to Los Angeles
Avg. listing price:	$1,018,211	-55%
Avg. sales price:	$559,618	-18%
Avg. price/sqft:	$376	-18%

More trends for Los Angeles real estate
More trends for Vernon-Main real estate

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