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Los Angeles Lender Foreclosure Home Auction June 14, 2008

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Published: Tuesday, May 27, 2008

Don't miss another huge Southern California Lender Foreclosure Auction in Los Angeles scheduled to be held at the Long Beach Convention Center. This lender home auction will start at 8 am for registration and the auctioning will begin at 9:30am. Expect to find great foreclosure property buys on Inglewood bank owned homes, Lancaster bank owned homes, Azusa foreclosures and Sherman Oaks Real Estate owned homes among many other Los Angeles cities faced with a growing number of foreclosure homes in the real estate market.

The Real Estate Disposition Corporation sells these homes to the general public for the Lenders that want to liquidate their large portfolios of Real Estate owned - REO properties.

This is a spectacular opportunity as an investor or first time buyer! View homes listed for public bidding at the Los Angeles foreclosure auction on May 31st, June 7th and 8th from 10am to 5 pm.

When purchasing a home at a Lender's foreclosure auction it is highly recommended to preview the homes that you will be bidding on because all homes are sold as is. This information is deemed reliable but not guaranteed more information is available at the REDC Home Auctions website.

Other Recent Articles

Home Buyer Tax Credit Extended Until April, 2010

Category: Recent Articles

Published: Thursday, December 10, 2009

The federal tax credit has been extended to April, 2010, including an expanded benefit to existing home owners who sell their homes and then repurchase a new primary residence valued at $800,000 or less. This could be the perfect opportunity for buyers who wanted to cash in on home auction bargains but were fearful of lower resales on their existing homes.

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The Southern California foreclosures market may be shifting, with fewer homes entering foreclosure than in previous quarters. However there are still 57,000 existing foreclosures statewide that need to be sold, and lenders are looking at foreclosed home auctions as a major tool to sell large numbers of foreclosures in a short amount of time.

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Southern California foreclosures still account for the bulk of area homes sales and lenders are finding real estate auctions the fastest and most efficient method of clearing their books of REO properties. Buying a home at auction requires a little prep work, however and the experts at homeauctionexpo.com share their insight on how to find the best auction properties.

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