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A snapshot of the foreclosed properties currently in Los Angeles.

Do you want a bank foreclosure or a real estate owned property (REO)? After doing some research, I’ve noticed that mortgage delinquencies have dropped to a 23-year low. Foreclosures and REOs haven’t been this low since 1999.

A quick market snapshot shows that there are currently 2,312 residential properties on the market in Los Angeles. Of those properties, only nine are bank foreclosures—less than 1%!

If you want any information on the nine current foreclosures in the city of LA, please reach out to us, and we’ll tell you all about them. However, they are very few and far between. Also, if you have any questions on how a bank foreclosure works, send an email or give us a call. We’d love to help you.