DOWNTOWN LOS ANGELES LOFT DISTRESSED PROPERTY SALES AND FORECLOSURES
When Downtown real estate is sold in an urgent manner, often at a loss. Distressed sales often occur at a loss because funds tied up in the asset are needed within a short period of time. The funds from these assets are most often used to pay for debts, medical expenses or other emergencies. A free list of Downtown distress / foreclosures is available.
How to Buy a Distressed Loft at a Discount Price
A distressed property is one that is under a foreclosure order, short sale or any unusual need for a quick sale often for less than a market rate.
The loft may be damaged or in poor physical condition due to the owner’s precarious financial situation. Distressed properties offer tremendous opportunities for buyers and investors alike.
Buying a distressed home is a terrific opportunity to acquire a property at a discount price. It provides you with the possibility of buying a larger loft than you would have thought possible. Reap a good profit with distressed properties by buying them cheaply, fixing them up at minimum cost and reselling them on the open market.