Los Angeles Foreclosure Case Study/Bank Owned Home For Sale

There are plenty of statistics, reports and graphs dealing with the current real estate market in Los Angeles. However, sometimes studying one individual case can present a clearer picture than all the combined data.

This bank-owned home is currently available for sale. It is approximately 950 square feet; a 2 bedroom, 1 bath Spanish style in the Mount Angelus area of Highland Park.

It is currently offered for sale at $270,000.

It sold in 1998 for $120,000

It was listed for sale in February of 2006 for $485,000. and sold in April of 2006 for $485,000.

Notices of Default were filed in February 2007, December 2007.

The Notice of Sale was filed in February 2008.

The Trustee Sale took place in March 2008.

The property is currently bank owned and listed for sale at $270,000.

This article is not intended as an advertisement of any property listed by another brokerage firm. It is intended as a report of current real estate market conditions. However, if you are interested in purchasing a property in today's market, we have a staff of highly qualified agents ready to assist you.