Category: Lawsuits

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Market Lofts Litigation

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.

Get a free list of loft lenders. 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

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.

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1100 Wilshire Legal Issues

LAWSUITS AND LITIGATION

A request from an L.A. Loft Blog reader asked about the status of litigation and lawsuits pertaining to one of Downtown Los Angeles’ most respected condominium buildings.  #1100wilshire #litigation #lawsuit

In addition to a spectacular rooftop pool deck, 1100 Wilshire is a modern luxury soft loft highrise condo tower with other top amenities.  And it’s within walking distance of Restaurant Row, Target and L.A. LIVE.  Here’s an update on the current legal status of the HOA Homeowners Association ( 1100 Wilshire POA  Property Owner’s Association ) and the lofts.  Here’s what we know:

Ongoing litigation may preclude some financing options. Buyers to verify.

The L.A. Loft Blog has investigated the current ongoing litigation to see how much might be related to old information that we had received regarding issues of: Dispute regarding —  shared parking, Chase Bank lease, Chase Bank sign, new highrise building construction across the street south of 1100 Wilshire, injury from elevator door. Those are mostly old, settled issues, but there are 4 different claims currently:

1.) 1100 Wilshire POA v. 1100 Wilshire Commercial LLC, 1100 Wilshire Garage LLC regarding guest parking area;

2.) 1100 Wilshire POA v. City of Los Angeles, City Central Area Planning Commission, et al regarding city planning of parking spots;

3.) 1100 Wilshire Commercial LLC, et al. v. 1100 Wilshire POA regarding gym vibrations effect on commercial tenant;

4.) Adam Tischer v. 1100 Wilshire POA, et al regarding removal of board member.

To get the 1100 Wilshire Pending Litigation Disclosure, use the form below. If anyone has further details or questions, please leave a comment.  |  COMMENT

More than 25% of all condo listings for sale in Downtown Los Angeles pertain to a building that is currently or recently involved with a lawsuit.  Litigation affects the home value, and may impede the ability for buyers to obtain mortgage home loan financing.

Get a free litigation summary, along with a list of lawsuits, litigation lenders and other legal information for Downtown Los Angeles lofts and condos.  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

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.   |   COMMENT