FORECLOSER With todays economic status and the aftermath of the zero percent down stated income loans, there are alot of houses being forclosed . The banks having to take back so many properties from owners, do to not being able to make the payments on there mortgages, there are some great deals on forclosed properties in Los Angeles. If foreclosures are what you are looking for, Nathan will send you all the forclosed property listing on the market and the new ones will be mailed to you as they hit the market.