Lawsuits – Page 12 – LA Loft Blog

FRAUD SQUAD – Special Update: DTLA Criminal At Large; Also Loft Litigation

Lawsuits and Litigation: First, some Downtown L.A. loft litigation news to report. We are told by a resident of SB Grand that they are suing Barry Shy and the SB Grand HOA Homeowner’s Association for damage done to their loft by faulty construction and expansion of a penthouse above. They say the the added weight was not properly supported, and is causing cracks and rain water leakage into their loft unit. So far, the LA Loft Blog has been unable to obtain any confirmation from other residents, and we’ve seen no written documentation on this report.

Phony police ID — It’s hard to find real cops in L.A., so here’s a phony.

PREDATOR$ — An update on a dangerous criminal on the prowl: Professional con man fraudster Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson has reportedly been released from jail. While the San Diego police did a perfect job of quickly arresting the culprit and sending him to the correct jurisdiction for prosecution, it looks like the Santa Barbara prosecutor was not too successful at putting him away for long. The main reason could be that LAPD has been sadly unable or unwilling to contribute. The last we heard from the LAPD is that they refuse to receive any of our MOUNTAIN of evidence against the fraudster because the “matter is under investigation.” It’s profoundly ironic and destabilizing when the Los Angeles Police Department is using the weakest of canned responses because they are too busy to investigate all of the evidence of what could be the #1 most prolific con artist in the Greater Los Angeles Area, with hundreds of victims and millions in damages. Perhaps the cops should admit the facts that they don’t have the budget to investigate major fraud because they blew the funds on misappropriations such as a mind-boggling fleet of electric BMWs — and, besides, LAPD leadership has more important things to do than fight crime, such as driving one of the electric BMWs to the nail salon. #dtla #realestate #fraud

Enough ranting about the trying to get the LAPD to lift a finger to help stop one bad real estate fraudster. It comes down to the fact that prevention really the most important part of fighting crime.

Fraud Protection Tip:

Make sure that a friend who’s offering to gift a house, condo or loft is actually a real close friend and not just a con artist.
Buyers and sellers need make sure that earnest money deposits are real, and triple check that real earnest money deposits are sent to the real escrow accounts.
Renters: do not give personal information or money to any landlord, agent or manager who is out of town.
Following these tips will prevent about 90% of real estate fraud that we commonly see in Downtown LA.

Speaking of real estate law — Litigation and lawsuits remain one of Downtown’s biggest issues for lofts and condos. More that 25% of Downtown LA homes listed for sale have currently or recently had a lawsuit or litigation in the building. Get free information on Downtown loft litigation and lawsuits. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/zzdsl1f1k78x3i/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

LAPD won't investigate? Don't worry FBI agent Donovan will protect you. Oh, wait. He's the bad guy. Now what'll we do? — LAPD won’t investigate major real estate fraud? Don’t worry, FBI agent Donovan will protect us. Oh, wait. He’s the bad guy. Now what’ll we do?

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.

How to Get into Escrow and Close Successfully in Downtown Los Angeles

Mills Act Loft For Sale with Private Balcony

Some happy home buyers just got into escrow with the best deal on a Downtown loft with a balcony at the Eckardt Building. Escrow generally refers to money held by a trusted third-party on behalf of transacting parties, and to the process of smoothly bringing together all of the paperwork and payments required to change property ownership. For Downtown homes, it is helpful if the escrow company is familiar with commercial and industrial loft conversions, as they may require some extra steps and expertise for a smooth transaction. | Avoid Common Downtown Disasters #escrow #dtla #lofts

Be informed and ready to close. Get a free and up to date report with information you need now. Fill out this online form.

Getting into escrow is a key goal for both buyers and sellers. It is often the happiest part of a real estate transaction because the light can be seen at the end of the long real estate transaction tunnel. Buyers and sellers are often happiest at the beginning of escrow because they typically face challenges before and later during escrow with hurdles that still must be overcome such as inspections, further negotiations and delays in obtaining the home financing and closing. | Recently SOLD in Downtown Los Angeles

The very first part of the transaction can be daunting when the buyer has trouble finding and winning the bidding war on an amazing Downtown loft while the seller can have difficulty in finding the right buyer with the right offer and sufficient financing. With the right information, home buyers and sellers can take advantage of all of the profitable opportunities that DTLA lofts have to offer.

When the property gets into escrow, Buyers and sellers can prevent inspection problems and avoid delays by knowing in advance about potential loft lending issues, loft building issues, lawsuits, litigation, retrofit inspections, Mills Act and Adaptive Re-Use Ordinances that affect most of the real estate transactions of Downtown Los Angeles.

Which of These Costly Homeseller Mistakes Will You Make When You Buy or Sell a Downtown Loft? Get FREE a free report by completing the form on this page. A new report has just been released which reveals 7 costly mistakes that most Downtowners make when buying or selling a home, and a 9 Step System that can help your DTLA home transaction proceed smoothly. Order this report NOW to find out on preventing common Downtown loft problems. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/m8e07hz1j7wz5t/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Eckardt Building ( Santee Village ) Downtown Los Angeles

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. This post is an archive backup for historic purposes, not intended to represent current information. Portions have been updated, but most is historic archive. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Category: Lawsuits

Downtown Los Angeles Fraudster Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson Released

738 S Los Angeles St #302, Los Angeles, CA 90014 Downtown L.A. Lofts

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