Grandpa Ward and new granddaughter, Helen

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looking for a residence

Posted by Leela on April 10, 2003 at 1:00 AM

Hi Ward,

Wow, thanks for the info at the LA Reic on Tues night. My husband and I bought a 2 bdrm townhouse in LA's westside last yr, but it is too too small now that we both work from home and share the 2nd bdrm as an office.

My immediate goal is to buy a 3bd house in a good school district and I thought I'd look into forclosures since it's a good way to get more house for your buck, esp on the westside of LA.

Well I was so excited after the workshop that I went home and looked up all the sources you gave. I subscribed to one of the foreclosure lists you recommended and found a property I think would suit our needs.

The auction is on April 21. What do you recommend I do? Do I search the title to see if it is free of liens then call the owner or do I go to the auction? I am not sure of what the next step is. I am also confused what all the abbreviations mean.
TAX VALUE 162,000 AMOUNT=48,000 TD1=520,000 and TD2=35,000. Should I offer to the owner? Should I go to the auction? What should I offer or bid up to? How do I figure out what to offer?

Any clarification and advice is greatly appreciated!


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