Category: distress sale

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Downtown Distress Sale

REAL ESTATE NEWS

As big cities lose their luster, and populations begin to prefer the suburbs, even the Big Apple shrinks in stature. New York City is ‘dead forever,’ according to one New Yorker. But New York is not alone in its cliffside teeter — the Loft Blog has written several articles recently about the serious challenges besetting Los Angeles and the state of California. Today, big cities in California see more moving away than moving into the urban centers. Until this alarming trend reverses, prospective home renters and buyers shall see more bargains come available, as landlords and sellers settle into quiet desperation. Here’s a link to Downtown distress sales of all kinds, including foreclosures, bankruptcies, motivated sellers, REO, bank owned, fixers and other DISTRESSED PROPERTIES: http://www.laloftblog.idxbroker.com/i/distressed-lofts-for-sale

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READER QUESTIONS | Blog Video

Q: Does anyone have the new contact info for Little Tokyo Lofts? A: It looks like Little Tokyo Lofts changed their HOA management company and contact info. If anyone has it, please let us know so we can add it to the Downtown Los Angeles Home Owners Association directory http://www.HOADTLA.com

Little Tokyo Lofts is a favorite of L.A. urban loft condominiums because it has amazing industrial architecture, amenities, great parking with free guest parking, and some of the lowest prices in Downtown LA. The residents don’t tend to mind that they are near Skid Row, homeless, shelters and tent encampments. Get more information about Little Tokyo Lofts at www.LittleTokyoLoft.com

Q: Is the stock market a better investment than real estate? A: Now is the time to look for good deals in real estate, and to place offers $25,000 to $75,000 less than last year. Stock speculators, especially the less experienced Robin Hood investors, shall soon receive an enormous serving of humble pie, as stocks will show how markets often disappoint in a big way, likely between oct 2020 and march 2021.

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Downtown Los Angeles in Distress

Copyright Š 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.

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Alta Lofts Los Angeles Real Estate Bankruptcy Sale, Foreclosure or Forbearance

Forbearance is all the rage in 2020.
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Alta Lofts unit #619 at 200 N San Fernando Rd has just come onto the market as a bankruptcy sale. It’s on the top floor, with views of Elysian Park. Check it out. #forebearance #backruptcy #foreclosure | Blog Video

As homeowners struggle to make mortgage payments in the midst of corona-panic, stress in the real estate market is showing up, but not in the way one might expect. Rather than foreclosure, other options are currently being chosen. Lenders, banks and loan servicers don’t want to foreclose these days. Lenders got screwed over when they foreclosed and repossessed in 2012 because the lenders ended up auctioning or selling too many REO bank-owned properties at the bottom of the market, at a big loss to the lenders. Today, they’re using a different approach.

Forbearance is the latest thing. Instead of foreclosure, distressed property owners are being encouraged to weather the economic storm, or else to file for bankruptcy. 8.8% of US mortgages are already in forbearance. That’s about 4.7 million mortgages. By the end of June, around 10% of mortgages are expected to be late, and under forbearance. Hans Bruhner of Finance of America Mortgage and the Sonoma County Gazette remind us to approach forbearance cautiously, and ask questions.

Reader Questions:

Q: Does alta lofts los angeles have floor plans? A: Request a free Alta Lofts floor plan from the L.A. Loft Blog DETAILS

Get the free report on forbearance and bankruptcy sales. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
Forbearance is not forgiveness. The home owner must usually make bigger payments later.

Copyright Š 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.