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PropertyShark finds Los Angeles County Tax Auctions: 51% increase in scheduled properties in 2013.

LOS ANGELES, Oct. 9, 2013 /PRNewswire/ -- 3,503 properties will be auctioned by the Los Angeles County Treasurer and Tax Collector on October 21st and 22nd, a surge of 51% over the same number of last year. The auction tax sale is scheduled for properties for which taxes haven't been paid for 5 years (residential properties) or 3 years (non-residential).

The median starting bid is slightly over $8,000, while over a third of the properties have a minimum starting bid lower than $5,000. The bulk of the properties scheduled for auction are vacant lots (46%), followed by single-family homes & farms (29%).

PropertyShark has a dedicated section under the Los Angeles Foreclosures tab with the 3,503 listings that are going to be auctioned at this year's Los Angeles County Tax Sale. Real estate investors and bargain hunters can narrow down their search using auction details like minimum bid amount and property type.

Most importantly, using PropertyShark everyone can do their homework properly for the properties that catch their interest. The property report offers detailed information on sales history, owner name, size, square footage, and many other aspects. To get a property market value estimate, PropertyShark users can run Comparables searches for recently closed sales in the area.

About PropertyShark A wholly-owned subsidiary of Yardi Systems Inc, PropertyShark.com offers information essential to evaluate real estate and make informed decisions. PropertyShark.com provides real estate professionals, investors and home buyers with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and for lease listings, foreclosures and lis pendens, mailing lists, photos, and more. For more information or a free basic account, visit www.PropertyShark.com.

CONTACT: Laura Gatea, +1-718-408-4928

SOURCE PropertyShark.com
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Date:Oct 9, 2013
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