Welcome to San Diego Blog | August 1, 2018

Downtown San Diego Litigation Update

As real estate agents, litigation is something that we have become very familiar with here in Downtown San Diego, but it can be something new for our clients who aren’t familiar with the term or the area. It is important to know because Litigation can limit a buyer’s options for financing, including FHA and VA lending options. Most lenders will require 20% down if the building is in Litigation. Most buildings will give you a minor summary of the litigation details but when purchasing a property, you will receive the HOA documents which will reveal all the current information and updates on litigation. For more information on all the  Buildings in Downtown San Diego or call me at 949-310-5195.

The good news …. the number of buildings that are currently in litigation can almost be counted on just one hand. The following buildings in litigation are below:

 

Bayside

Litigation Status: Pending

Date originally filed: March 20th, 2015 – 1209 Days

Most recent update: There were motion hearings and attorney changes during the month of June.

Future events: Motion hearings set for August 17th and 24th.

 

M2i

Litigation Status: Pending

Date originally filed: December 16, 2015 – 938 Days

Most recent update: A hearing was rescheduled for April 13th.

Future events: On July 13th there was a civil case management conference.

 

Sapphire Tower

Litigation Status: Closed 

Date originally filed: May 6th, 2013 – 1892 Days

Most recent update: All claims have been settled and court cases have been dismissed as of June 2019.

 

Smart Corner

Litigation Status: Pending

Date originally filled: October 6th, 2017 – 278 Days.

Future events: On August 31st there is a Civil Case Mangement Conference scheduled. 

 

The Legend

Litigation Status: All proceedings stayed

Date originally filed: March 16th, 2015 – 1122 Days

Most recent update: On April 6th there was a status conference. 

Future events: A status conference is scheduled for October 5th

 

The Mark

Litigation Status: Trial Set

Date originally filed: May 17th, 2013 – 1881 Days

Most recent update: Cross complaints and notices of dismissals were filed in June. A civil court trial was on July 20th.

 

*This information was pulled from the San Diego Civil Business Office on June 11,2018*


Written by: Robert Gmur

Categories: Downtown San Diego, Featured Posts, San Diego Condos

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