downtown los angeles – Page 166

Get a Free Home #fraud #dtla

It’s the topic that few real estate professionals will dare discuss. The scary and truly dangerous predators who seek to steal from innocent home buyers, sellers, renters and landlords. They often pretend to be real estate agents, property managers, property owners or helpful friends. The truth is that they are enemies of truth and adversaries of fair play. The free home will be costly.

Drew Christian Donovan AKA Christian Andrews

This week, the L.A. Loft Blog received word that the most prolific con artist in Los Angeles, Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson, was released from Santa Barbara jail, where he immediately found a new victim four hours away in Monterey, CA for his very successful “free real estate” scam. The LA Loft Blog has uncovered his highly lucrative con where he claims to be very wealthy, has a terminal illness, and his meddling parents are trying to stop him from giving away his millions. He promises to pay bills, provides convincing payment receipts, offers to buy cars and homes for those who are deserving. The truth is that Drew Christian Donovan, along with his partner in crime Melissa Ramsey, scams about one person (or family) per week out of thousands of dollars. When he is caught, the slippery charlatan is difficult to jail for long. Usually, he gets away scot-free. #realestate #scam

When called, police are unlikely to help much, as they see most fraud as a civil matter. In reality, Donovan’s multi-million dollar criminal enterprise is a federal crime that deserves many years in jail. In the mean time, potential victims should report Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson to local authorities and the FBI. Mention the multi-million dollar enterprise with hundreds of victims that have been reported by the L.A. Loft Blog so that the authorities can provide stronger support. Then contact us so that we can report on the fraudster’s latest activities and location. Follow that with a civil lawsuit or small claims lawsuit so that the criminal can be arrested and jailed when he fails to cooperate with the court.

Dirt-Cheap Lofts For Rent

The most common real estate fraud in Downtown Los Angeles comes from fake listings for underpriced loft and condo rentals in Craigslist, Apartments.com and other rental listings. The fraudsters are out of town and ask desperate renters to complete an online application. The personal information is then sold on the dark web. The identity theft makes the criminal about $10.00, but costs the victim a tremendous amount in bad credit and countless hours of hassle trying to clean up the credit mess.

Easy Earnest Money Deposit

The biggest fraud in real estate nationwide in terms of big dollar amounts are fake emails to home buyers from criminals impersonating escrow companies. The home buyer sends down payment or cash purchase funds directly to the overseas bank account of the fake escrow company. The fraudster gets tens of thousands to hundreds of thousands of dollars of the victim home buyer’s hard-earned money. The victim is financially devastated, and cannot recover the bank wired funds. To prevent his scam, home buyers must always double check to ensure that the bank wire will go to the real escrow bank account before wiring money. Before sending a bank wire to escrow, a phone call to the escrow company is a quick way to prevent this financial nightmare.

Fortunately, some things really are free for home buyers, such as help from a licensed Realtor(R). Got a question about Downtown L.A real estate? Get free info about lofts and condos. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/m1spfx910pdzxmx/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Scam Alert - Real Estate Fraud — Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson

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.

Lawsuits, Litigation – Downtown Lofts and Condos

There are many issues about Downtown L.A. lofts and condos that are hard to look up online. One of these issues is litigation and lawsuits. Here’s a question that we received this week:

Dear Corey,

Can you tell me anything about lawsuits at 1100 Wilshire?

Thank you for your request. I think I remember someone else asked a similar questions recently, so I’ll put a link to that one. Litigation has been reported by listings agent on these dates: 05-23-2017, 11-25-2017 and 05-08-2017. Sometimes the homeowner’s association can provide details. The HOA phone: number for 1100 Wilshire Bl 90017 is 213-977-8880.

It’s one of my favorite buildings, and one of the most respected buildings in Downtown Los Angeles, but it seems that building has had more than its share of litigation. It’s often hard to find out exactly what is going on with lawsuits at any given time because some try to keep the under wraps. Here’s what we’ve heard about issues in the building that might be relevant: years ago we heard someone got her finger hurt in the elevator door. This is easy to believe because the elevator doors in this building seem to close faster than other elevators. Now a modern loft residential building, 1100 Wilshire was originally a commercial office building high-rise. The elevators were built to zoom large numbers of people up 30 floors rapidly so they can get to their busy offices. The benefit is the elevators are a little bit faster than most residential elevators, but the drawbacks are that the elevator doors close faster so you need to be careful to run into the elevator more quickly and keep your hands away from the elevator doors. Perhaps even more importantly keep your pets away from the elevator doors and also make sure the door does not close on the leash.

More recently, we heard that the HOA reserves might actually be depleted somewhat due to too much litigation. We don’t know if that is true or not.

We are told a building is being possibly constructed across the street on the south side. The tall building could potentially he block some sunlight to the south facing units. This could potential he affect the swimming pool deck on the 17th floor.

Another issue that has bothered me personally is Chase Bank somewhat took over the building, putting their name on the top of the building, and sharing the lobby. I have noticed a little more wear and tear on the lobby and nearby areas. The worst thing has been giving control of the parking over to Chase. While we could once get free parking easily 24 hours a day with validations from the front desk, we now can only get a tiny discount on the parking from Chase bank during banking hours only.

Most lawsuits in Downtown LA involve the homeowners association suing the developer for construction defects. Not sure if one of the lawsuits is related to that common situation.

Prospective homebuyers receive usually a lot of homeowners association documents when they are in escrow. These usually mention any ongoing lawsuits and litigation and will sometimes provide details. The issues mentioned in this post help provide a general background of what we have seen or what we have heard about. Some of these issues may not be an issue today. We’ve also been yelled at and told that we were wrong about issues we had mentioned before in this building. We don’t have access to the very latest documentation regarding litigation and lawsuits. Prospective home buyers and attorneys are responsible for checking out the details, and home sellers are required to disclose all known facts that may affect the value of the property.

With its many luxury amenities and modern style with extremely high overall quality, 1100 Wilshire remains one of the most sought after buildings in downtown Los Angeles. Here is the link to more information about 1100 Wilshire and a link to more information about downtown loft lawsuits and litigation.

Get a free report on litigation and lawsuits in downtown Los Angeles. 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]

Tag: downtown los angeles

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Downtown Los Angeles Loft and Condo Questions – Ask Corey

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