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Seattle Condos Selling While Facing Lawsuits

March 20, 2013 By Jeff Reynolds Leave a Comment

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The Parc Exterior

Condos located in buildings that are facing lawsuits are still selling – how you ask?

The contracts are ALL CASH. 

As we’ve mentioned in the past, most major lenders will not touch projects facing lawsuits. With that said, nothing holds an investor back from paying all cash and bypassing a loan. In fact, in the last week alone, there have been 2 sales in buildings with current lawsuits and another 3-4 units that went pending. I’ve added a list of all pending condos planning to close despite the active lawsuits *

PROJECT ADDRESS ORIGINAL PRICELISTING PRICESALE PRICEPROFILE TIMELINE DOCUMENTS AVAILABLE FINANCING AVAILABLE
The Parc81 Clay St #627$354,900$289,000$284,000Click Here - The ParcActive LawsuitUpon Request Cash Buyers
Gallery2911 2nd Ave $295,000$265,000$262,000Click Here - The GalleryActive LawsuitUpon Request Cash Buyers
Mosler Lofts 2720 3rd Ave #907$199,000$199,000PENDINGClick Here -Mosler LoftsActive LawsuitUpon Request Cash Buyers
The Parc2716 Western Ave #523$235,000$235,000PENDINGClick Here - The ParcActive LawsuitUpon RequestCash Buyers
Mosler Lofts 2720 3rd Ave #1109$524,000$482,000PENDINGClick Here -Mosler LoftsActive LawsuitUpon RequestCash Buyers
Mosler Lofts2720 3rd Ave #606$229,000$229,000PENDINGClick Here -Mosler LoftsActive LawsuitUpon RequestCash Buyers
The Parc76 Cedar St #1201$245,000$245,000PENDINGClick Here - The ParcActive LawsuitUpon Request Cash Buyers
The Parc76 Cedar ST #1209$396,000$396,000PENDINGClick Here - The ParcActive LawsuitUpon Request Cash Buyers
The Parc2716 Western Ave #103$253,000$253,000PENDINGClick Here - The ParcActive LawsuitUpon Request Cash Buyers

*Keep in mind that some of these Seattle condos may not close. If the brokers don’t do their homework, they will try to close without realizing they cannot be financed – they might not have known about the lawsuits prior to listing the units. This happens often with bank assigned real estate agents that don’t know our market.

 

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Jeff Reynolds Administrator
Broker/Owner | UrbanCondoSpaces.com
My name is Jeff Reynolds and I’m a real estate broker with Windermere Real Estate. I’m the founder of UrbanCondoSpaces and I lead Seattle’s number one condo team. UCS is a blog specializing in Urban Living. Contact me to see homes for sale, to sell your condo or to simply learn more about the Seattle Real Estate market.
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Jeff Reynolds Administrator
Broker/Owner | UrbanCondoSpaces.com
My name is Jeff Reynolds and I’m a real estate broker with Windermere Real Estate. I’m the founder of UrbanCondoSpaces and I lead Seattle’s number one condo team. UCS is a blog specializing in Urban Living. Contact me to see homes for sale, to sell your condo or to simply learn more about the Seattle Real Estate market.
web
http://www.urbancondospaces.com
email
jeff@urbancondospaces.com
call
2067941118
follow me
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19 Reasons To Sell Your Downtown Seattle Condo (Well, Really 11 Reasons) Seattle Condos Facing Lawsuits, Arbitration and Mediation 4 Condos Left At Fifteen Twenty-One Second Avenue Thinking About Selling Your Downtown Seattle Condo? Read This Are Million Dollar Condos Selling In Seattle?

Filed Under: Bellevue, City of Seattle, Home, In the news, Market News/Trends Tagged With: Condo, Condos, Construction Defects, Downtown, For Sale, lawsuit pending, Lawsuits, litigation, sale, Seattle

About Jeff Reynolds

My name is Jeff Reynolds and I'm a real estate broker with Windermere Real Estate. I'm the founder of UrbanCondoSpaces and I lead Seattle's number one condo team. UCS is a blog specializing in Urban Living. Contact me to see homes for sale, to sell your condo or to simply learn more about the Seattle Real Estate market.

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