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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.
Downtown Los Angeles Distressed Property and Foreclosures
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.
L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031
The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team. J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449
