Los Angeles foreclosure investing in single-family or smaller multifamily properties for rental is viable even during the downturn. Smaller multifamily properties acquired at lower prices can turn up a decent income for medium-capital investors.
Los Angeles home auctions are being strategically delayed by lenders for various reasons. Lenders now are taking around 229 days to complete foreclosures, a sharp increase from the 146 days spent by lenders to foreclose in August 2008.
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