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Tue Dec 4, 2012, 01:58 AM

Owner leaves his loft empty then sees a man living inside [View all]

The owner had walked away, expecting a foreclosure that never came. The other man says a real estate agent let him move in and told him where to mail rent. A battle for the loft begins.
By Sam Allen, Los Angeles Times
December 2, 2012, 6:27 p.m.

Jeffrey Cote was driving home from work one evening this spring when he noticed a light on inside Unit 312 of the Little Tokyo Lofts.

This was the industrial loft he had bought in downtown Los Angeles for $647,000 with no money down at the top of the market in 2007. He thought it would be a great investment. It was also the loft he had abandoned less than two years later, after filing for bankruptcy and expecting the bank to foreclose.

The loft was still in Cote's name, so the light surprised him. A few weeks later, he and his girlfriend decided to investigate. They got off the elevator and saw a new welcome mat outside Unit 312. When his key didn't work, Cote knocked on the door ...

Glover, 42, said he had noticed a vacancy at Loft 312 in early 2009 while moving out of a different unit inside the building. He said he met a real estate agent in the hallway who claimed to represent the unit's owner.

http://www.latimes.com/news/local/la-me-loft-squatter-20121202,0,2916945.story

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Reply Owner leaves his loft empty then sees a man living inside [View all]
struggle4progress Dec 2012 OP
Selatius Dec 2012 #1
bluestate10 Dec 2012 #2
Bonobo Dec 2012 #3
Lucinda Dec 2012 #4
Egalitarian Thug Dec 2012 #5
struggle4progress Dec 2012 #6