Q. Probate sales list an overbid amount. What is an overbid and how is it determined? A. Before a court date is set, there must be an accepted bid on the property. But the accepted bid is not necessarily the final bid. Once there is an accepted bid, additional overbidding at the court confirmation follows a specific formula. The opening bid must exceed the initial bid on the property, as follows: The amount of the original bid, plus At least 10 percent of the first $10,000, plus At …
NEW LISTING ~ five-unit mid-Wilshire
Close to shopping and restaurants in mid-Wilshire Los Angeles, east of N. Vermont and north of Beverly Boulevard, this residential income property is comprised of a four-unit building and a house on the same lot. Two of the units are singles, one is a two-bedroom/one-bath, and two have two bedrooms and two baths. This is a probate sale, offered as-is and subject to court confirmation. $550,000 To make an appointment to see the property, or to learn more, please contact The Sanborn Team: …
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NEW LISTING ~ North Hollywood home
The Sanborn Team is pleased to introduce this three-bedroom, two-bath 1955 home in North Hollywood west of Coldwater Canyon and north of Vanowen. It has a formal dining room and eat-in kitchen, hardwood floors in the living room and bedrooms, and a lovely swimming pool in the back yard. This is a trust sale, offered as-is, and court confirmation is not required. $375,000 To learn more about this North Hollywood property, or for information on selling or buying real property through trust, …
Understanding probate
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NEW LISTING ~ Park Hills Heights home
A mid-century traditional, this three-bedroom, two-bath home is conveniently located close to the new Exposition Line, west of La Cienega Boulevard. The living room has a fireplace and a picture window that looks out onto the front yard. The private back yard has mature trees and foliage. This is a trust sale, offered as-is and not requiring court approval. $375,000 To see this home or to learn more about it, contact The Sanborn Team: 310-777-2858 or [email protected]. …
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NEW LISTING ~ Pico Rivera fixer
Ready for your TLC, this two-bedroom, one-bath home in Pico Rivera is in a great location near shopping and schools. Currently vacant, it is a probate sale, offered as-is and not subject to court confirmation. $189,000 To learn more about this property or to find answers to your questions about probate sales of real property, contact The Sanborn Team at 310-777-2858 or [email protected]. …