Never let a good crisis go to waste. — Sir Winston Churchill
Massive Opportunities from Massive Wealth Transfer
The Wall Street Journal has reported that Real-Estate Investors Eye Potential Bonanza in Distressed Sales. Coronavirus causes widespread stress in property assets. A growing number of property investors are preparing for what they believe could be a once-in-a generation opportunity to buy distressed real-estate assets at bargain prices. | MORE
FORCE MAJEURE
The L.A. Loft Blog has recently reported on Force Majeure affecting California real estate. See the details, then read the Coronavirus Addendum update by the Loft Blog. Force Majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic or act of God. For real estate buyers and sellers who have entered agreements for the purchase and sale of property and commitments, an opportunity to cancel may now exist in the contract or otherwise by state law due to Coronavirus or other acts of God, a Force Majeure that Excuses Performance of a Contract. Those who may be able to show circumstances preventing performance of a contract should ask an attorney if Force Majeure pertains and forgives performance of their contract and circumstances. #forcemajeure | Blog Video
READER QUESTIONS
Q: What can you tell me about the mint apartment complex los angeles? A: Details of The Mint lofts for lease are on the L.A. Loft Blog at https://www.laloftblog.com/2016/06/09/the-mint-luxury-apartments-1136-w-6th-st-los-angeles/
Virus pandemic projections and death rate numbers are “so inaccurate… hysteria” — Dr. Ron Paul
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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. #forcemajeure #california #coronavirus