Torrance foreclosure auctions in the imminent future currently feature 611 foreclosed homes and houses for sale at the median listed price of $440,632. Besides, there are 521 other FSBO houses also set for sale, carrying a median asking price of $500,000. This proves that the seized homes are made available by the auctioneers like HUD, VA and banks at a substantial discount over the standard market real estate prices. California has been at the center of the foreclosure filings storm that has been raging through the US in recent months, and has accounted for a third of the government foreclosures in the entire nation.
Torrance is a city situated in the South Bay area of Los Angeles County, in California State. Torrance is the sixth biggest city in Los Angeles County and the 34th biggest one in California State. Los Angeles County has 88 cities, and a few of them may be cited as Torrance”s suburbs as follows: Azusa,Whittier, Westlake Village,West Covina, Avalon, Agoura Hills, West Hollywood, Alhambra, Arcadia, Artesia, Walnut, Vernon, Baldwin Park, Bell, South Gate,South El Monte, Bellflower, Burbank, Carson, Santa Clarita, Santa Monica, Cerritos, San Marino, Claremont, San Gabriel, Commerce, San Fernando, Compton, Covina, Rosemead, Cudahy, Rolling Hills, Culver City, Rolling Hills Estates, Diamond Bar, Redondo Beach, Downey, Rancho Palos, Duarte, Pomona, El Monte, Gardena, Paramount, Glendale, Glendora, Palmdale, Hawaiian Gardens, Norwalk, Hawthorne, Monterey Park, Hermosa Beach, Montebello, Hidden Hills, Monrovia, Huntington Park, Maywood, Industry, Manhattan Beach, Inglewood, Malibu, La Habra Heights, Long Beach, La Mirada, Lomita, La Puente, Lawndale, La Verne, Lancaster and Lakewood.
Property Investments Merit Careful Planning
Torrance foreclosure auctions represent an unusually attractive business opportunity. Prospective homebuyers are queuing up to grab magnificent homes at inviting prices. There are also hordes of professional flippers, who are keen to acquire inexpensive properties that they can sell to make a killing, once the real estate market enters a buoyant phase. However, property investments mandate meticulous and detailed planning if you aren”t to lose your money, and aspire to reap a windfall from your home purchase.
Your Ally at Property Auctions
The Torrance real estate sector has scores of agents actively bringing sellers and buyers of properties to the negotiating table. Genie Wise, Derf Fredericks, Chuck Burton and Carol Gilles are a few of the leading property brokers in Torrance. You ought not to invest in the Torrance real estate listings auctions without an astute agent to guide you in making the sound and lucrative decisions. California is the only US state that has made available on the internet a list of all the agents that its real estate department has awarded certification and designation to. You should hire an agent only after confirming her certification. The recent US government $300 billion bailout outlay involves supporting banks to play a more dynamic role in the economy. An agent will be able to clarify to you how such macro events should affect your individual choices to safeguard your interests and maximize your profit from investments in the Torrance property auctions.