All loft buildings have their share of problems and issues, but some have it worse than others. Legal trouble — It’s one of the most common disasters in Downtown Los Angeles real estate. #dtla #lawsuit #litigation
Homeowners and home buyers must deal with the fact that more than 25% of properties currently listed for sale have or recently had some kind of lawsuit or litigation involving the building and or homeowners association. Knowledge is power. Those with the most insight into what is really going on with DTLA loft building issues are the ones who can prevent their own losses and even gain from the situation. It is possible to take advantage and make the most of any situation, including legal issues by getting informed and by being at the right place at the right time. The most common type of litigation is a lawsuit or pre-lawsuit against the building construction developer builder by the homeowners HOA for construction defects. Other litigation involves
Here is a list of the buildings with the current, recent and potential upcoming litigation and lawsuits:
1100 Wilshire – Litigation reported 5/8/17, 5/23/17, 11/25/17
Biscuit Company – 1850 Industrial St litigation reported 6/23/17
Market Lofts 645 W 9th St litigation w/ parking structure 12/4 17, 1/25/18
Eckardt Building – 738 S Los Angeles St settled Jan 2017.
Barker Block – 530 S Hewitt St litigation settled 2017
Alta Lofts 200 N San Fernando Rd – Possible Pre-litigation 06/15/2017
Higgins Building 108 W 2nd St – Special assessment reported 06/03/2016
SB Grand – possible litigation resident vs developer / HOA 01/07/1
MORE
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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.
