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Red Letter Day

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February 4th is a big day. It's National Wear Red Day, a promotional effort cooked up by the National Heart Lung and Blood Institute to raise awareness that heart disease is the #1 killer of women.
Locally, today is the deadline to register to bid for property auctioned off by the LA County Treasurer and Tax Collector office.
If you dream of owning property in LA but lack the big bucks, here's a chance to obtain property seized by the country for tax default. Buyer beware, though, it's a lot more complicated than it looks-you take the land as is and you have to make sure all titles are cleared on your own.

The actual auction occurs February 14 and 15 in Pomona
You can pick up a book of property listings from 2/11 on.

To see going rates, here's a list (in PDF) of property sold last year in 2004

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There's some amazing deals, if you are prepared to build your own structure. For example, in November 2004 lot 2818-025-048 sold for $3900. The property is located in Chatsworth near Devil's Canyon where single family houses are now valued at $400-$500 K.

Lot 2007-004-039, also in Chatsworth, sold for $400,

Or consider lot 2601-023-063, which sold for $211K, in a Granada Hills neighborhood nestled amongst single family homes valued at $900K

You can look up map of tracts from assessors office here.

Happy Hunting