Justin: Where can we find out about the settled litigation at Market Lofts??
Corey: That’s a great question, Justin. Now that the real estate economy has shifted toward a buyer’s market, prospective loft and condo owners are being more diligent about their potential investments. Knowing about litigation, lawsuits and loft lending issues ahead of time can save money, frustration and many hours, days or weeks of time. Here’s an update on what we know about Market Lofts litigation. #market #lofts #litigation
HOA involved in litigation, however conventional financing is available. We are told that there are two pending litigations that are wrapping up: Construction Defect Litigation and Parking Litigation. They are said to be almost done, but need to have the final paperwork filed at court. Buyers may currently need to use a litigation specialist lender or loft specialist lender who has successfully completed financing for units in the building recently. A list of loft lenders is available free from the L.A. Loft Blog.
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.