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Old 05-26-2008, 03:56 PM
 
1 posts, read 1,562 times
Reputation: 10

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Hi, I'm new to this forum and also will be new to the city of LA starting in September when I start my job there.

I'm looking for advice from someone who knows anything about these foreclosure properties and how that whole deal works.

Say I found a property listing through one of the "Bargain Networks" sites (I didnt pay for access, I just did a search and saw some listings) and its a 1-bedroom 500 sq ft. condo in westwood and it says "default amount: $4,000"

DOES THAT ACTUALLY MEAN THAT I CAN BUY THIS PLACE FOR 4 GRAND???

And if I can, can I contact any realtor and talk to them about this ASAP???

Thanks so much,

Alex
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Old 05-26-2008, 07:49 PM
 
Location: Las Flores, Orange County, CA
26,338 posts, read 93,537,811 times
Reputation: 17829
Quote:
Originally Posted by fradkin View Post
Hi, I'm new to this forum and also will be new to the city of LA starting in September when I start my job there.

I'm looking for advice from someone who knows anything about these foreclosure properties and how that whole deal works.

Say I found a property listing through one of the "Bargain Networks" sites (I didnt pay for access, I just did a search and saw some listings) and its a 1-bedroom 500 sq ft. condo in westwood and it says "default amount: $4,000"

DOES THAT ACTUALLY MEAN THAT I CAN BUY THIS PLACE FOR 4 GRAND???

And if I can, can I contact any realtor and talk to them about this ASAP???

Thanks so much,

Alex
They're asking $8/sqft.

I'd try to bargain them down to $3750 or something; it's only Westwood.
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Old 05-26-2008, 07:55 PM
 
Location: Woodland Hills, CA
106 posts, read 389,550 times
Reputation: 55
Quote:
Originally Posted by Charles View Post
They're asking $8/sqft.

I'd try to bargain them down to $3750 or something; it's only Westwood.
Isn't $8 /sqft the going rate for Beverly Hills?
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Old 05-26-2008, 08:06 PM
 
48 posts, read 188,671 times
Reputation: 13
Yeah, try for $6 per.
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