I could use a reality check, before we get any deeper into planning. Can we buy a house/condo in a livable neighborhood in Los Angeles for $400K or under? Is this doable or do I need to remove my rose-colored glasses? And if it is doable, which neighborhoods should we be looking at? [more inside]
I've heard that a person can acquire a property for which the property taxes are in default by paying the back taxes. This seems fishy, and morally questionable, but is it true? In Los Angeles? Are there other tricky ways to acquire property?
How can I find the owner of that abandoned lot? [more inside]
After reading this article in the NYT about lotteries for housing in New York, I was left wondering if there were any equivalent programs in Los Angeles - I remember reading about something in Santa Monica, but it was apartments to rent, not own. Do such things exist?