Probate & Trust Real Estate Sales: Tales from the Court

The Sanborn Team has a Probate Listing going to Court!

2012-01-31T15:20:00.000-08:00

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The Sanborn Team has a Probate property that will be confirmed in court Tuesday 2/10 at 9:00AM. What a fantastic value! This one bedroom condo is located at 968 Larrabee St. in West Hollywood just south of the Sunset strip. Amazing location!

If you're interested in overbidding on this Probate listing, please call our office at 310-777-2858 or e-mail us at: info@sanbornteam.com. Court information as follows:

Date: 2/10/12
Place: Santa Monica Court House
1725 Main Street, Santa Monica, Department A
Time: 9:00AM
First overbid Amount: $173,750

The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. We work with Professional Fiduciaries, Probate Attorneys, Trustees and many others associated with the Probate Court process. For more information about us and our Probate Listings, please visit our website at: www.sanbornteam.com.

Overbidding in Probate Court - Read our Instructions!

2012-01-27T15:59:00.000-08:00

Happy Friday! We hope everyone had a successful week. The Sanborn Team was busy viewing Probate properties which will soon turn into listings. We are excited about the properties we have coming up. Stand by!

Before a court confirmation hearing, we always qualify any over-bidders to make sure that they have followed the exact instructions. In order for a potential buyer to purchase a property in court, the buyer must provide:

A cashier's check for at least 10% of the opening bid amount made payable to the Estate.

We cannot accept anything less... we cannot accept a personal check... and, very importantly, we cannot accept credit cards.

Whenever we get inquiries about Probate court hearing, we fax or e-mail instructions on exactly the terms of the sale and how to over-bid in court. It states clearly that in order to bid in court you must have a cashier's check for 10% of the opening bid price made payable to the Estate. We provide the opening bid amount and the name of the Estate, Trust or Conservatorship to which the check is made payable.

When you work with The Sanborn Team, we make sure that all potential buyers, whether at the initial stages of the sale or as an over-bidder in court, have all the information on how to write an offer or over-bid in court as well as the terms of the sale.

Please visit our website at http://www.sanbornteam.com/ or call us 310-777-2858 directly to find out how we handle Probate & Trust Real Estate Sales and how we are different from most agents.

Southern California Home Prices Fall

2012-01-24T13:16:00.000-08:00

Happy Tuesday! Following is a graph that shows percentage differences with home prices in Southern California from December 2010 and December 2011.

Southern California home prices fall again

The Sanborn Team continues to sell Probate and Trust Real Estate in any market! We are here to help you with any and all of your real estate needs. Please call us at 310-777-2858 or to view our Probate and Trust listings, visit our website at: www.sanbornteam.com. We would love to hear from you!

California December Home Sales

2012-01-23T10:27:00.000-08:00

Happy Rainy Monday! According to the following DQ News article, home sales in California are on the rise compared to last month and last year at this time. However, distressed properties still make up half of that number.

To read the article in it's entirety, please click here: California December Home Sales

The Sanborn Team has been selling Probate and Trust properties for over 30 years. Specifically, Court Approval Real Estate Sales. Consider us a resource! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.

Another Probate Term - What is a Conservatorship?

2012-01-17T14:08:00.000-08:00

The Sanborn Team specializes in the sale of Probate and Trust properties, specifically Court Approval real estate sales. We work very closely with Probate attorneys, Conservators, Executors, Trustees, and professional fiduciaries.

Test your knowledge on Probate Terms!

A Conservatorship is a legal process in which the court appoints a person to make financial decisions for another person who is determined to be financially incapable to make those decisions. A conservatorship proceeding is a different legal proceeding than guardianship; it may be done independent from or jointly with a guardianship proceeding.

More briefly, conservatorship is the legal right given to a person to manage the property and financial affairs of a person deemed incapable of doing that for himself or herself.

Sometimes real property in a conservatorship must be sold and the terms of the sale are like those of a probate sale. All properties in a conservatorship require court confirmation.

The Sanborn Team has been selling houses for conservatorships for over 30 years, and getting top dollar for our clients. To learn more about us and our Probate listings, please visit our website at: www.sanbornteam.com. Or call us at 310-777-2858 anytime!

Different Ways to Hold Title on a Property

2012-01-09T15:39:00.000-08:00

At a Probate confirmation hearing, the judge always asks how you are taking title. You need to decide in advance how you will take title because its very difficult to change after the court confirmation. Following are different ways you can take title on a property. This information was taken from blueroof.com a real estate blog.

Joint Tenancy

In many cases, married couples hold title as joint tenants. Joint tenancy has rights of survivorship, meaning that if one of the joint tenants dies, the remaining rights automatically go to the surviving person(s). And a will is not required to transfer this remaining title to the surviving person(s). Each person has full rights of ownership and can sell their share without the consent of the other, which would then create tenants in common.

Tenants in Common

Tenants in Common allows for multiple people to hold title in unequal shares, with each having the right to sell their share, or will their share as they want. So four buyers could own a property with one buyer owning 60%, one owning 20% and two owning 10%. And each would be able to sell or will their own shares as they want.

Sole Ownership

When buying property alone as an unmarried person, many people take title as a sole owner. This is called title in severalty.

Living Trust

A Living Trust is like having another “entity” own and control your assets, including your home. But that “entity” belongs to you, or others designated as trustees, who “own” the entity. While the creator of the Living Trust lives, the Trust is revocable (can be changed) during his or her life. Upon the death of the creator of the Living Trust, it becomes irrevocable (cannot be changed), and probate costs and delays are avoided because the assets in the Trust automatically pass according to the dictates of the Trust. Privacy is a major attraction in setting up a Living Trust. A trust document does not become public upon the death of the trust-holder like a Will does.

Community Property (or co-ownership)

There are nine states that allow married people to purchase property, either together or individually, as community property. This basically means that each person owns 50% and each needs to write in their will how their share is to be divided when they die. It is also allowed to take title in these states as community property with rights of survivorship. The nine states that allow community property are: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.

The Sanborn Team has been selling Probate and Trust real estate for over 30 years. Please call us with any and all of your real estate questions. We are here to help! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.

Question: What is a Court Approved Sale?

2012-01-05T15:56:00.000-08:00

Happy New Year! We hope 2012 is off to a great start for all of you. Following is a term we use often when selling Probate and Trust Properties.

Answer:
When the Executor of the estate does not have "full independent powers" the sale has to require court approval, also known as court confirmation. First an offer has to be accepted on the property and then the attorney will petition the court for confirmation of the sale. Once this petition is filed a court date is set and it usually takes place between 30-45 days after the petition is filed.

Here is the twist... At the Court Confirmation hearing, the accepted offer may be overbid by other buyers. the minimum overbid is 10% of the first $10,000.00 plus 5% of the balance up to the amount of the accepted offer.

Let the Sanborn Team take the Mystery out of selling and buying probate properties. Please visit our website at http://www.sanbornteam.com/ to learn more about it!

November California Home Sales

2011-12-14T14:13:00.000-08:00

The Sanborn Team follows the Real Estate market very closely and we'd like to share what we know with you! According to this Data Quick report, foreclosures and short sales account for over 30% of homes sold in November. To read the report in it's entirety, please click here: Southland November Home Sales Rise; Median Price Still Below Year Ago

The Sanborn Team is here to assist you with all of your real estate needs. We have over 30 years of experience selling Probate Real Estate specifically properties that require Court Approval. Consider us a resource! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.

When is a property subject to Probate?

2011-12-12T15:17:00.001-08:00

A: Property to which the decedent directly held title at his or her death is subject to a probate proceeding. Properties that are being sold when the person on title is under a conservatorship are also subject to the probate proceeding.

For additional information The Sanborn Team and our Probate listings, please visit our website at http://www.sanbornteam.com/

Real Estate article in today's LA Times

2011-12-08T10:16:00.000-08:00

The Sanborn Team would like to share an interesting real estate article from today's LA Times. Per Freddie Mac, the typical rate for a 30-year loan is at 3.99%! As the article states, it's no surprise that applications to purchase homes rose after Thanksgiving to the highest level in four months. To read the article in it's entirety, please click here:

LOS ANGELES REAL ESTATE NEWS FROM MONEY & CO.

The Sanborn Team has been selling Probate and Trust real estate for over 30 years. Please call us at 310-777-2858 anytime or for more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.

No Overbidders in Probate Court!

2011-12-07T16:08:00.000-08:00

Our probate listing at 7438 Leescott in Van Nuys was confirmed in Probate Court this past Friday. There were no overbidders and so it went to the original buyer, who was in court and prepared to overbid themselves if needed.

The Sanborn Team has other properties coming up that will be going to Probate Court for confirmation. Stand by!

We are here to assist you with all of your real estate needs throughout Southern California. Our focus is selling Probate and Trust properties for Attorneys, Conservators, Administrators and Trustees. For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com

The Sanborn Team has a Probate Property going to Court!

2011-12-01T09:58:00.000-08:00

The Sanborn Team has a Probate property that will be confirmed in court tomorrow 12/2 at 9:00AM. What a fantastic value! This three bedroom one bath at 7438 Leescott in Van Nuys is a great starter home. Wood floors throughout most of the house. Huge backyard with tons of potential. Bring your green thumb!

If you're interested in overbidding on this Probate listing, please call our office at 310-777-2858 or e-mail us at: info@sanbornteam.com. Court information as follows:

Date: 12/2/11
Place: Santa Monica Court House - 1725 Main Street, Santa Monica, Department A

Time: 9:00AM

First overbid Amount: $221,000

The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. We work with many Professional Fiduciaries, Probate Attorneys, Trustees and many others associated with the Probate Court process. For more information about us and our Probate Listings, please visit our website at: www.sanbornteam.com.

California October Home Sales

2011-11-30T10:41:00.000-08:00

The Sanborn Team follows the Real Estate market very closely and we'd like to share what we know with you! There isn't much of a change from last month's home sales and "distressed" properties still make up more than half of California's resale market. To read the article in it's entirely please click here: California October Home Sales

The Sanborn Team has been selling Probate and Trust real estate for over 30 years. We are here to help! Please call us anytime at 310-777-2858 or to view our Probate and Trust properties, please visit our website at: www.sanbornteam.com.

California September Home Sales

2011-10-24T16:57:00.000-07:00

We were somewhat encouraged to read a DataQuick article that September home sales were up 6.7% from last September. Although we are a long way from a recovery in the real estate market, The Sanborn Team is happy to report that we continue to sell probate and trust real estate and have never been busier!

To read the DataQuick article in its entirety, please click here.

The Sanborn Team works with probate attorneys, professional fiduciaries, trustees and administrators of estates in our probate and trust real estate business. Many of our listings require court approval and we have an intimate understanding of how the probate court system works.

The Sanborn Team has more than 30 years of experience selling probate and trust real estate. Please consider us a resource! To learn more about us or to view our probate listings, please visit our website at www.sanbornteam.com or call us at 310-777-2858.

Amazing Deal on a Probate Listing in West Hollywood!

2011-10-17T16:07:00.000-07:00

We are amazed that this one isn't already gone! It's located at 968 Larrabee St. and the list price is $199,000. Trendy and cool one bedroom, one bath condo in prime West Hollywood, just south of Sunset Boulevard. This is a light and bright corner unit close to shops, restaurants and night life. The gated complex has a pool and spa and includes secure parking. This is a probate sale that will require court confirmation.

The Sanborn Team has been selling probate and trust real estate for over 30 years. We are here to help you with any and all of your real estate needs! For more information about us and our probate listings, please visit our website at www.sanbornteam.com or give us a call at 310-777-2858.

More overbidders in Probate Court!

2011-10-05T15:49:00.000-07:00

More excitement for The Sanborn Team in Probate Court! Our Probate listing at 212 W. 46th did not go to the original buyer but to an overbidder who was willing to pay an additional 5%. The Fiduciary representing the estate was very happy as were we. The Sanborn Team works diligently to get as much as we can for the estates we work with. Often times, the property is the Estate's biggest asset.

Our second Probate listing that was overbid in Probate Court was 735 Harper in West Hollywood. This was a hot property and priced very well for the neighborhood.

We have several properties going to Probate Court in the next couple of months. Stand by!

The Sanborn Team specializes in the sale of Probate and Trust properties. We have over 30 years of experience and understand the Probate Court system very well. For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com. We would love to hear from you!

LeParc for under $900K!

2011-09-16T11:19:00.000-07:00

Reduced!! Elegant living in LeParc. This two bedroom, two and half bath is a front facing unit and in a great locale in the complex. Grand living room with fireplace that opens to massive terrace, great for entertaining and enjoying the outdoors. Nice size master suite with double closets also leads to terrace. Large kitchen has a dine in area and a wonderful patio to enjoy your morning coffee while overlooking lovely greenery. En suite bedroom currently used as a den/office. High ceilings throughout. Great lush surroundings and serene setting in a wonderful complex with fantastic amenities and a 24 hour guard gate.

The Sanborn Team has been selling Probate and Trust properties for over 30 years. For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com or you can always call us at 310-277-2858. We would love to hear from you!

Probate Real Estate Could Be Your Pot of Gold!

2011-09-12T12:50:00.000-07:00

Attention Buyers who are looking for Real Estate opportunities. The Probate
Real Estate marketplace may be your pot of gold!

In a struggling real estate market, many homeowners who don't have to sell
will choose to wait until conditions improve. However, regardless of the market,
selling real property when someone has died may not be an option. With an
unusual volume of foreclosed properties pulling housing prices downward, the
prices for Probate properties are also pulled down. What this means for today's
home buyers is that they may get more house for their money and they may also
find it in the neighborhood of their dreams!

Unlike foreclosed or bank-owned (REO) properties, in which the buyer
negotiates their purchase with the institution that owns the property, Probate
purchases may be negotiated directly with the owners or their representatives.
(In some cases this process requires court confirmation.) This will allow a
buyer to move forward with a purchase.

Probate Real Estate opportunities exist in every neighborhood and every
price range, but buyer beware! Secure your financing and make sure your real
estate agent understands and explains Probate policies, disclosures and court
proceedings. We see opportunity in this market-and of course we would be happy
to help you find it!

The Sanborn Team has been selling Probate and Trust properties all over
Southern California for 30 plus years. We work with Probate Attorneys,
Fiduciaries, Trustees and Heirs on a regular basis and understand the Probate
Court system very well. We are happily busy having already sold many properties
this year and still counting!

To view our Probate listings and to learn more about The Sanborn Team, your
Probate and Trust Real Estate specialists, please visit our website at: www.sanbornteam.com
or give us a call at 310-277-2858. We look forward to hearing from you!

Six Good-News Reports

2011-09-08T08:32:00.000-07:00

Fires, floods, earthquakes and unrest crowd the airwaves. But guess what? There’s good news out there, too. Here are six examples:

The National Association of Home Builders (NAHB) released its first NAHB/First American Improving Markets Index (IMI) yesterday. The IMI lists “metropolitan areas that have shown improvement for at least six months in three key economic areas—housing permits, employment and housing prices.” Okay, none of the 12 metro areas listed are in California, but improvement is encouraging!

On a similar note, the Northwest Multiple Listing Service reports this week that “August now ranks as this year’s best month for both pending and closed sales around Washington state.” While prices are still down, “Last month’s volume of pending sales was the highest number of mutually accepted offers since April 2010 when the homebuyer tax incentive expired,” the NWMLS reports.

In its August 2011 Non-Manufacturing ISM Report On Business, the Institute for Supply Management (ISM), released yesterday, ISM reports that “Economic activity in the non-manufacturing sector grew in August for the 21st consecutive month.”

In case you missed it, last week Governor Jerry Brown signed AB 771, which prevents excess document fees for home buyers in a common interest development, such as a condominium or townhome.

In his press briefing Tuesday, Centers for Disease Control and Prevention (CDC) director, Thomas R. Frieden, said, “we have good news, which is that there are fewer Americans smoking today than in the past.” There were three million fewer smokers in 2010; additionally, heavy smokers are now smoking less.

Finally, The Sanborn Team is hard at work selling homes in Southern California. Probate properties continue to sell at very attractive prices, even when those prices are above asking! Our attentive service and decades of work with heirs, conservators, trustees and probate attorneys gives our clients the solid footing they need to make great decisions.

The Sanborn Team knows how to deliver good news! Browse our website or contact us now at 310-277-2858.

California July Home Sales

2011-08-29T13:07:00.000-07:00

DataQuick's California home sales report for July is not encouraging, explaining that both prices and numbers of sales are down. To read the August 16 article from DataQuick, click here.

In spite of such gloomy news, the Sanborn Team is happy to report that we've had several properties in escrow this year and many have sold for more than the asking price. We work very hard to get top dollar for the executors, trustees, conservators and probate attorneys we work with.

We just had two properties confirmed in Probate Court this morning. Both had overbidders and sold for well over asking. We were thrilled!

The Sanborn Team has more than 30 years of experience selling Probate and Trust Real Estate. To learn more about us and our probate expertise, or to view properties currently offered for sale, please call us at 310-777-2858 or visit our website at: http://www.sanbornteam.com/. We look forward to assisting you.

The Sanborn Team has two Probate Properties going to Court!

2011-08-24T17:02:00.000-07:00

Our Probate property at 1464 Sunset Plaza Drive in LA will be confirmed in Probate Court on Tuesday, 8/30. This house has such gorgeous views and the interest has been tremendous! It is a three bedroom two bath home. We anticipate overbidders on this one. The first overbid for this house is: $900,350. Please call The Sanborn Team or e-mail us at : info@sanbornteam.com for instructions on how to purchase this property at the Probate hearing.

The second Probate property is located at 2923 La Brea Avenue and will also be confirmed in court on Tuesday, 8/30. This is a cozy two bedroom one bath home with a great backyard. Really amazing price! The first overbid for this house is: $104,450. Please call The Sanborn Team or e-mail us at: info@sanbornteam.com for instructions on how to purchase this property at the Probate Hearing.

Information for both as follows:

Date: 8/30/11

Time: 8:30AM
Place: 111 N. Hill Street, Los Angeles - Department 11

Sunset Plaza First Overbid Amount: $900,350

La Brea First Overbid Amount: $104,450

Please contact our office at 310-777-2858 for overbid instructions. The Sanborn Team has been selling Probate and Trust real estate for over 30 years. Please call us for any and all of your real estate needs. We are here to help! For more information about us and our Probate listings, please visit our website at: http://www.sanbornteam.com/.

Colfax court date Thursday 8/18!

2011-08-15T11:50:00.000-07:00

This is by far the best deal on a condo in Studio City! Our Probate listing at 4311 Colfax Avenue is a steal in the desirable Colfax Meadows area. Great location near trendy shops and restaurants.

Court date and information as follows:

Date: 8/18/11
Time: 8:30AM
Place: 111 N. Hill Street, Los Angeles
First Overbid Amount: $173,750

This one is worth a trip to the courthouse!

The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. Please call us at 310-777-2858 for all of your real estate needs. For more information about us and our Probate listings, please visit our website at: http://www.sanbornteam.com/.

The Sanborn Team has overbidders in Court!

2011-08-09T13:32:00.000-07:00

It was an exciting day in Probate court today for our listing at 16102 Sandy Lane in Encino! The original buyer and three other buyers showed up to bid on the property. The property sold to one of the buyers who was willing to bid an additional $100,000 more for the property! Needless to say, the Trustee and the Probate Attorney were ecstatic. Even in these tough economic times, The Sanborn Team works very hard to get as much as we can for the Trustees, Conservators, Probate Attorneys and Professional Fiduciaries we work with. We are proud of our reputation of helping families and beneficiaries get the most from their assets.

We have three other Probate listings going to court this month. Stand by!

For more information about The Sanborn Team and our Probate Properties, please visit our website at: http://www.sanbornteam.com/.

The Sanborn Team has another Probate listing going to Court!

2011-08-05T11:11:00.000-07:00

Attention all contractors! Land value in Royal Oaks! Great opportunity to build a custom house.

Our phones rang off the hook on this property and although we don't always know until the actual court date, we anticipate that there will be overbidders in court. Don't miss the excitement! Call our office at 310-777-2858 for overbid instructions.

Court information as follows:

Date: 8/9/11

Time: 8:30Am

Place: 6230 Sylmar Avenue, Van Nuys - Department NW C

First Overbid Amount: $604,250

The Sanborn Team has three other properties that will be confirmed in Probate Court this month. Stand by!

We have been selling Probate and Trust Real Estate for over 30 years. Consider us a resource! For more information about our Probate listings, please visit our website at: http://www.sanbornteam.com/.

The Sanborn Team has Overbidders in Court!

2011-07-26T09:49:00.001-07:00

A very exciting day in court!

Our listing at 2900 W. 85th was confirmed in court on 7/19/11. Two overbidders as well as the original buyer attended the court proceeding and it went to the highest bidder! We are always happy to get the most we can for our clients. In some cases, the Fiduciaries, Conservators and Probate Attorneys we work with represent estates that are in financial distress, so getting top dollar is crucial.

The Sanborn Team understands Court approval sales throughtout Southern California. For more information about us and our listings, please visit our website at: http://www.sanbornteam.com/. We are here to help you with all of your real estate needs!

Another Probate Property Confirmed in Court!

2011-07-12T16:23:00.000-07:00

Our probate listing on Angeles Vista was confirmed in court this morning. There were no overbidders and so it went to the original buyer, who was in court and prepared to overbid themselves if needed.

The Sanborn Team has several other properties coming up that will be going to Probate Court for confirmation. Our duplex at 2900 W. 85th will go to court on 7/19. Details to follow!

The Sanborn Team has another Probate Lising going to Court!

2011-07-08T15:08:00.001-07:00

Attention investors and contractors! This two bedroom two bath house is located at 5535 Angeles Vista Blvd. in Los Angeles. The property sits on a corner lot and is truly an amazing value!

The sale of this Probate listing will be confirmed in court on July 12th. For those interested parties who wish to come to court to overbid, information is as follows:

Date: 7/12/11
Place: 111 North Hill Street, Dept. 5, Los Angeles
Time: 8:30AM
First Overbid: $268,775

The Sanborn Team has been selling Probate and Trust properties for over 30 years. Please call us for any and all of your real estate needs. We are here to help! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com

Team Work Counts in Probate and Trust Real Estate Sales

2011-06-29T15:12:00.000-07:00

Buyers and sellers of probate real estate do not really realize how much work is required to put a property on the market and to position it to sell quickly. At the Sanborn Team we work closely with the law firm that is handling the Estate/Conservatorship or Trust matter to assure that when a property is placed on the market all issues that may exist have been resolved.

This past week we have had several examples of how we all work together to assure the buyer/seller that the process is seamless and will go without a hitch. For example...

We received a petition for the sale of a property from a law firm, but discovered a calculation error on the over-bid amount. We identified it so that the petition could be properly amended before it came before the Probate Court.

Another petition was received and we noticed that the address was incorrect (a simple typo), but again we were able to notify everyone so the petition could be amended.

We are currently working closely with an administrator, the attorney for the estate, Escrow of the West (Marcine Kline) and California Title (Bill Thomas) to clear up title issues on a property that we are getting ready to place on the market. Everyone involved knows how urgent it is to clear up the problems and they are all working together to expedite the process.

At the Sanborn Team we value our partners and know how vital they are to helping us solve problems.

If you would like the Sanborn Team to work for you please contact us at 310-277-2858 or email us at info@sanbornteam.com
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Cash is King in the Probate Marketplace

2011-06-19T14:37:00.000-07:00

According to DataQuick, which gathers and maintains statistics on the real estate industry, an average of about 10.6 percent of Los Angeles County home purchases made in the last ten years were all cash sales, that is, bought without a mortgage. In January 2010 and January 2011, that number spiked to right around 25 percent.

DataQuick explains: “For the past couple of years all-cash deals have become far more common in lower-cost markets where prices have dropped sharply, luring investors and other buyers who either can't qualify for a traditional mortgage, or who simply view housing as a relatively attractive place to park their money. Moreover, using cash can get you to the head of the line if there are multiple offers on a property, given sellers favor the relative speed and certainty of all-cash transactions.”

Not surprising that we would find that kind of head-of-the-line thinking among buyers making offers on probate properties. Such buyers have the flexibility to over-bid in court when the opportunity presents itself and to grab undervalued probate homes for family, http://www.blogger.com/img/blank.gifinvestment or resale. Cash can also be critically important when as-is probate properties need extensive repairs and don’t meet the bank’s standards for a loan.

If you have cash to invest or real property to sell through probate, trust or conservatorship, The Sanborn Team delivers head-of-the-line results. Call us at 310-777-2858.

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The Probate Market: Prices Down, Investors Up

2011-06-01T16:03:00.000-07:00

The newspaper isn’t exactly bringing home the recovery reports we’ve been hoping for. While lower-than-ever prices are good news for buyers, they’re discouraging to sellers who have been holding on for an improved market – or those, like probate sellers, who are disposing of real property on the court’s schedule.

If most buyers are feeling a little cautious these days, investors are encouraged by market conditions, according to a Realtor.com survey reported by Inman News. Asking about anticipated purchases in the next two years, interviewers found that a third of investors plan to buy during that time, while only 8.6 percent of home-seekers expect to make a deal. In the two-to-five year time frame, investors outnumber residence-seekers three to one.

What does that mean for people who need a place to live? Make a plan: talk with your lender and get pre-approved so you know exactly what you can afford. Work with your Realtor to locate homes that meet your needs. Look for quality homes offered for sale through probate or trust. Talk with a probate expert. Follow the court’s instructions. Make the best offer you can.

The Sanborn Team has been selling real property in greater Los Angeles for more than 30 years. If you have questions about any aspect of probate or trust real estate, visit our website, www.sanbornteam.com, or call us at 310-777-2858 today.

The Sanborn Team closes another escrow!

2011-06-01T13:17:00.000-07:00

This multi-unit listing at the corner of Montana and Harvard in Santa Monica sold for over asking. We listed the property at $1,400,000 and it sold for $1,505,000!

This was a probate sale that required court confirmation. We had several overbidders in court, however it went to the original buyer.

The Sanborn Team has been selling probate and trust properties for more than 30 years. For more information about us and our probate listings, please visit our website at: http://www.sanbornteam.com/

Probate, trust, conservatorship....and copyright?

2011-04-25T20:50:00.000-07:00

We were delighted to read Bernice Ross’s succinct and informative article on copyright, “Know the basics of copyright, trademark infringement” in today’s issue of Inman News. Bernice is not only an extremely knowledgeable and successful real estate coach and author, she is also a dear friend of The Sanborn Team. What’s more, she’s right on target with her information about copyright.

It’s an issue we’ve thought about a great deal. As we’ve worked to create original text for our posts, we’ve observed that not everyone is quite so conscientious. In fact, a while back, purely by accident, we discovered that the text from our blog was being “borrowed” in its entirety by another agent who was posting it as their own.

The irony, of course, is that a huge part of our business representing clients in the sale of real property through probate, trust and conservatorship is sharing information. We advise other agents, buyers, sellers, fiduciaries, administrators, conservators, trustees, accountants, executors and even attorneys to make sure that the parties to a transaction have all of the information they need, when and where they need it.

We do our homework. And we respect the talent and integrity of the many skilled individuals and businesses with whom we work. It’s a pretty simple way of doing business: surround yourself with smart, honest people and do the work right the first time. It’s a philosophy that’s served us well for more than 30 years.

If you have questions about real estate sales through probate, trust or conservatorship, we would be happy to talk with you. Call Nancy at The Sanborn Team: 310-777-2858.

The Sanborn Team reduces price on Culver City Condo!

2011-04-15T16:31:00.000-07:00

Price reduction from $299,950 to $275,000! This is a great two bedroom two bath condo in trendy Culver City, close to great shops and restaurants. Complex features 24 hour guard gated community, two pools, two spas, exercise and rec area.

This is a probate sale that will require court approval. The Sanborn Team has been is here to help you with all of your real estate needs! Give us a call at 310-777-2858 or visit our website at: www.sanbornteam.com

Streamlining Probate and Trust Sales with Electronic Signatures

2011-04-14T17:35:00.000-07:00

Anyone who has been involved in a real estate transaction in the last 15 years knows that it takes a lot of trees to sell or buy a piece of property. Even as listing and purchase contracts have increasingly favored electronic over paper formatting, pages would still need to be printed to secure and distribute the necessary signatures on all the required documents.

DocuSign has changed all that – and The Sanborn Team’s clients love it.

In short, with DocuSign, documents (such as contracts, disclosure forms, instructions, etc.) are uploaded and sent by e-mail. The recipient (buyer/seller) receives an e-mail, clicks on Review Documents and is guided through the document. The recipient selects or writes a signature, signs the document and follows instructions to complete the transmission. In addition to a full signature, the signer can also initial certain provisions in the document, just as with a paper contract. DocuSign also has a sign-on-paper option, if preferred.

Transactions are password protected and secure, streamlined and fast, while eliminating paper and document transportation costs. All that’s needed is a browser or a mobile device (iPhone, BlackBerry, Windows Mobile, Google Android).

After federal ESIGN legislation established electronic records and signatures as legally binding, DocuSign pioneered e-signature technology in 2003. Today the company has more than 4.5 million unique users and 97% of Fortune 100 companies have used DocuSign.

The Sanborn Team provides efficient, comprehensive real estate representation for the sale of real property through probate and trust. If you have questions, call Nancy Sanborn at 310-777-2858.

The Sanborn Team introduces a new condo in Culver City!

2011-04-08T13:52:00.000-07:00

Great Condo in trendy Culver City! Well-maintained two bedroom, two bath corner unit with serene views and beam ceilings. List price is $299,950. Complex features 24-hour guard gated community, two pools, two spas, exercise and rec areas. Two carport parking. Probate sale. Court Confirmation Required.

The Sanborn Team understands real estate in Southern California. We specialize in Probate and Trust Real Estate and we are here to help you with all of your real estate needs! Please call us at 310-777-2858 or visit our website at http://www.sanbornteam.com/

The Sanborn Team just listed an exceptional property

2011-04-06T15:54:00.000-07:00

This gated property at the end of a cul de sac in Los Feliz is being sold through a probate proceeding. To learn more about probate real estate purchases please visit our website at www.sanbornteam.com.

This four bedroom, four bath home also has maids quarters, making it a five bedroom. Sweeping downtown and hillside views. Open , airy, light and contemporary. Huge cook's kitchen, walk-in-closets and ample parking. This is a must see!

We will have it open on caravan this Tuesday 4/12 from 11:00-2:00. Please stop by and say Hello!

This property is a probate that requires court approval. The Sanborn Team has over 30 years of experience selling Probate and Trust properties. Call us for all of your real estate needs! We're here to help. For more information about us and our probate listings, please visit our website at www.sanbornteam.com

Collaborating for Successful Probate and Trust Sales

2011-04-01T11:01:00.000-07:00

The Sanborn Team offers a comprehensive array of real estate services for those selling real property through probate, trust and conservatorship.

At The Sanborn Team, we take the word Team very seriously. Beyond disclosures and documentation, knowledge of Probate Code and court requirements, counseling of buyers, sellers and agents, and aggressive marketing of property, we also bring access to experienced professionals who understand the complexities of court-administered sales.

We cooperate with other real estate companies and real estate agents to offer sellers the widest exposure to potential buyers.
We interact with a network of skilled local agents who can provide showings and other on-site services in communities throughout Southern California.
We work with escrow officers who have years of experience with probate contracts, including specialized disclosures, inspection reports and the need for on-time precision to meet the court’s demands.
We work with title officers who provide critical historic information on properties in probate.
We counsel buyers’ agents to assure that buyers are prepared to bid or overbid with the necessary timing and paperwork.
We bring in property-readiness services to make the most of “as-is” sales.
We cooperate with the preferences, presentation methods and contract terms of attorneys.

Our services save time, expedite the transaction and assure that if a higher price can be attained for the property, it will be.

At The Sanborn Team, we are comfortable with clients, other agents, attorneys, fiduciaries, administrators, conservators, trustees, accountants, executors, court personnel and other parties to the transaction. Our business is to achieve the highest selling price for the heirs.

Call Nancy Sanborn for further details: 310-777-2858.

5 Ways to Get a Probate Home in Show-Selling Shape

2011-03-30T09:47:00.000-07:00

Probate property is sold "as is." That means no painting, no repairs or fixes or tweaks to charm the potential buyer (painting and fixing could mask a defect in the house). The usual suggestions a real estate agent might offer for getting a home in "show-sell" shape may not apply. However, there are always things that can be done to help get a home ready to be sold, even when it’s a court-supervised sale.

Work on curb appeal. Make sure that the lawn is mowed and all trash and debris are removed from the property. Trim overgrown trees and plants and rake around them.
Have all the windows in the house washed inside and out. Let the sun shine in! Also remove damaged window coverings and heavy drapery.
Remove stained and worn carpets. If you decide to leave the existing carpets in the house, have them cleaned professionally to remove odors. (Remember, a buyer may be sensitive to odors you can’t even smell.)
Have a cleaning crew scrub the house, including all the nooks and crannies such as cabinets, shelves, closets, built-in drawers and utility room.
Remove all personal property from the home, especially family heirlooms, photos, old clothing, etc.

If you have questions about preparing real property for sale through probate or trust, The Sanborn Team is happy to provide answers. Call us at 310-777-2858.

Pricing it right for 2011

2011-03-28T20:11:00.000-07:00

Pricing it right for 2011

At the risk of sounding like a broken record, it’s time to mention (again) the importance of right-pricing for sellers who are serious about selling their property.

Emerging from the long-haul misery of a depressed market, we’ve noticed that there’s a little “magical realism” circulating among some sellers. Now that things are improving, these sellers seem to think, prices should bounce right back to where they were in 2006.

We don’t think that this market, or today’s buyers, will welcome higher prices. In fact, price seems to be one of the major factors keeping buyers away from new listings. With plenty of foreclosures and short sales still on the market, buyers are looking for opportunity they can afford.

Buyers are doing their home-work. They’re spending time searching online, studying values and making lists of essential and optional features. They know what they can afford – and how they’ll pay – and they’re ready to act when all the pieces fall into place.

Sellers might take a page from the buyer’s book: think like a buyer. Search the market as if you’re buying, not selling. Visit open houses and look at properties for sale that are similar to yours. Note particularly how long a property has been on the market because that often says something significant about the price.

There’s a right price in every market. The right price for 2011 is slightly below market so it attracts sellers and agents in good number and may even land the home in multiple-offer territory.

If you have questions about pricing, or about any aspect of selling real property, The Sanborn Team has more than 30 years of experience (through all kinds of markets) to help you. Give us a call at 310-777-2858.

The Sanborn Team has another overbidder in probate court!

2011-03-24T13:06:00.000-07:00

Our listing at 3342 Maceo was confirmed in court this morning. We had an overbidder who bid $15,000 over the first overbid amount. The original buyer really wanted the house and bid up another $5,000! It ultimately went to that buyer, who was very happy. The Sanborn Team was even happier since we were able to get more money for the estate.

The Sanborn Team works very hard to get the most we can for the executors, administrators, conservators, and probate attorneys who represent the estates we sell. The continual overbidding in court is truly a testament to our aggressive marketing plan for each of our properties. We continue to market our listings right up until the actual court date.

The Sanborn Team has more than 30 years of experience selling real property through probate and trust. Call us anytime for all of your real estate needs! For more information about our probate listings, please visit our website at http://www.sanbornteam.com/

Housing Market Index Encouraging

2011-03-23T13:58:00.000-07:00

While The Sanborn Team focuses on the resale of existing homes, especially real property sold through probate, trust and conservatorship, we keep a close eye on what's happening in the new-homes market as well. Trends in new construction tend to have a ripple effect on employment, local economies and, sooner or later, home sales.

The National Association of Home Builders (NAHB) released its Housing Market Index on March 15 with a note of cautious optimism. Builder confidence is up to its highest level since "May 2010, when the survey period corresponded with the final days of the federal home buyer tax credit program," NAHB says. The West showed the highest gains.

What this uptick in the HMI means is that builders believe home-buyers will begin making new-home purchases in the coming months.

While the NAHB is far from enthusiastic about the market's immediate prospects, this new report suggests to us that home sellers need to be even more on-target with their pricing as competition from new homes gains momentum.

The Sanborn Team has been selling real property on the Los Angeles Westside for more than 30 years. If you have questions about pricing or timing your home sale or about any aspect of probate and trust real estate, visit our website, http://www.sanbornteam.com/ or call us at 310-777-2858 today.

Probate court date on 3/24 for 3342 Maceo St. !

2011-03-22T11:25:00.000-07:00

Date: 3/24/11

Time: 8:30AM

Place: 111 N. Hill Street, Los Angeles - Dept. 11

First Overbid Amount: $198,950

Attention Investors and Contractors!! Here's a great opportunity to come to court and overbid on this property.

Charming two bedroom one bath house with enclosed front porch. Probate Sale. Court Confirmation required.

The Sanborn Team is here to help you with all of your real estate needs! We specialize in Probate and Trust properties that require court confirmation such as this one. For more information about us and our probate listings, please visit our website at: http://www.sanbornteam.com/

Neighborhood expert vs. probate expert: finding the right agent to sell your home

2011-03-15T13:57:00.000-07:00

For decades, one of the staples of real estate marketing has been neighborhood expertise. It makes sense, really: you want your agent to have local knowledge that he or she will use to appeal to the right buyer for your home.

But when it comes to selling real property through probate, trust or conservatorship, technical expertise is critical. These transactions operate by a stringent set of rules, with few allowances for the agent who guesses wrong or "just didn't know." Your neighborhood expert may not have the knowledge of court proceedings, disclosures or documentation that can make or break a deal.

The Sanborn Team recognizes that both local knowledge and technical knowledge are essential to successful probate and trust sales. That's why we have built an extensive Southern California network of real estate professionals who are respected neighborhood experts. We work closely with them to assure that local representation and technical representation work together to the full advantage of the client.

Our role is advising, guiding and informing all of the parties to a sale who require our expertise, including buyers, heirs, probate attorneys, accountants, fiduciaries, executors, trustees and other real estate agents.

The Sanborn Team has been selling probate and trust real estate for more than 30 years. Please visit our website at http://www.sanbornteam.com/ and call us with your questions at 310-777-2858.

Overbidders in Probate Court!

2011-03-09T14:11:00.000-08:00

Several of our probate listings have gone to court in the past couple of weeks. And we've been amazed at the number of overbidders who have gotten the property over the accepted offer!

This month alone, the following properties went to an overbidder in court:

1652 W. 222nd Street, Torrance

1310 N. Hoover, Silver Lake

5755 Kelvin Avenue, Woodland Hills

The Sanborn Team has always worked on assisting executors, administrators, trustees and probate attorneys in pricing properties to generate as much buzz as possible. And once we have an accepted offer and a court date is scheduled, we continue to market the property. Our goal is to get the highest dollar value for our clients.

Call us anytime for all of your real estate needs! Please visit our website to find a wealth of information on probates and to view our current listings: http://www.sanbornteam.com/

My Client Cannot Be in Probate Court to Bid on a Property. What should I do?

2011-03-04T16:21:00.000-08:00

Just this past week this question came up twice. Two buyers were expected to over-bid on a property.

The first buyer contacted us prior to the sale date. We were able to provide the buyer with detailed instructions on what the attorney for the estate would require in order for someone to bid on the buyer's behalf. Every attorney has his or her own guidelines, but in general most agree that the Power of Attorney needs to be specific to the property that is being sold.

The second buyer sent his real estate agent to court and did not contact us prior to the hearing. The estate's attorney was able to speak to the agent prior to the hearing and establish the ground rules under which he could bid. In this case, the agent had a Power of Attorney specific to the property, but he wanted to enter the name of the buyer as an LLC. This was not acceptable to the attorney, who stated that the name of the buyer for the purposes of the sale had to be an individual, not an LLC.

The bottom line? If you are buying real property through probate or trust, or if you are a real estate agent representing such a buyer, be aware that the court has no flexibility when it comes to overbidding. A phone call in advance to the estate's attorney or the probate real estate agent could save the sale and get you the property you want.

No one wants to get in the way of an over-bid in court.The Sanborn Team spends a lot of time working with buyers and agents to assist them in getting ready to over-bid. We send out instructions to the agents so they know how to counsel their clients - and we're always happy to answer questions about court proceedings. The goal of the Sanborn Team is to see that every property sells for the maximum price.

The Sanborn Team has more than 30 years of real estate experience specializing in the sale of probate and trust properties. For more information about us and to view our probate listings, please visit our website at www.sanbornteam.com

Cash-only homes on the rise

2011-03-04T13:53:00.000-08:00

I recently read an article in the business section of the LA Times about how all cash buyers are grabbing homes in record numbers.

Nearly 100% of the Probate and Trust properties we list require buyers to pay all cash. This is because they are being sold "as is" with no contingencies, i.e. financing, inspections, appraisals or any approvals. And in most cases the Seller will not do any repairs including termite and retrofit. Who can afford such a deal? Investors that's who! We have definitely seen more investors and investor groups making offers as well as coming to court to overbid.

As the article points it's incredibly difficult to qualify for jumbo loans from lenders who are still reeling from the mortgage fallout. On the up side, unemployment is at its lowest since April, 2009. Since jobs are so directly related to the real estate market, we are hopeful that things will level off.

To read the article in its entirety, please click here: http://lat.ms/glX6un

The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. Please call us for all of your real estate needs! To find out more about us and our Probate listings, please visit our website at: http://www.sanbornteam.com/

Property of the week!! 5162 Etheldo Avenue

2011-03-03T12:50:00.000-08:00

Light and bright three bedroom, 1.75 bath home in Culver City P.O. Hardwood floors in most rooms. Family room with fireplace and brand new carpet. Sliding glass doors lead to grassy backyard. This is a very charming house with tons of potential! A must see! Probate sale. Court Confirmation required.

The Sanborn Team has been selling Probate and Trust properties for over 30 years. To find out about why we are the experts, please visit our website at: www.sanbornteam.com

Is paperwork different in a Probate Sale?

2011-03-03T11:44:00.000-08:00

With a keen insight of the marketplace and familiarity of the Probate Code, The Sanborn Team handles the sale of real property through Probate & Trust accurately and promptly. As you may know, the sale of property through Probate & Trust is not the same as the sale of property outside of the court system. Probate and Trust sales require special disclosures, listing agreements and purchase contracts.*
Since the seller of a probate has usually never lived in the decedent's or conservatee's house, they are not required to fill out certain disclosures that express the condition of the property. These disclosures are:

Real Estate Transfer Disclosure Statement
Earthquake Hazards Report
Statewide Buyer and Seller Advisory
Local Area Disclosures
Seller Property Questionnaire
Agent Visual Inspection Disclosure

Also, the listing agreement and purchase contract are different as well. Probate & Conservatorship listings must be on the Probate Purchase Listing Agreement and all offers must be on Probate Purchase Agreement.

You may also know that when it comes to the sale of real property through probate and trust, not all agents are created equal! Lack of experience can only lead to the trustee/administrator to fail finding the best buyer and fail to provide the correct paperwork that protects the trustee/administrator. Although to many real estate agents the sale of probate seems similar enough to a traditional transaction, this sale takes a comprehensive understanding of the court requirements.

The Sanborn Team brings you and your clients over 30 years experience of marketing and selling Probate and Trust properties. To find out about why we are the experts, please visit our website at: www.sanbornteam.com

* These forms are created by the California Association of Realtors

Property of the week! 3500 W. Manchester, #223, Inglewood

2011-02-25T11:42:00.000-08:00

List Price: $225,000

Spacious two story townhome in desirable Briarwood complex with formal dining room, large living room with fireplace that overlooks private patio. Master suite plus two additional bedrooms with great closet space. Fresh paint and newer carpeting throughout. Detached garage with direct access to patio. Well located in the complex, close to clubhouse and pool. Convienent location close to Hollywood Park and LAX. Probate sale. Court confirmation required.

This townhome is a great value!

The Sanborn Team has over 30 years of experience selling Probate and Trust properties all over Southern California! For more information about us and our Probate listings, please visit our website at: http://www.sanbornteam.com/

Three Properties going to Probate Court on 3/1/11!

2011-02-25T09:42:00.000-08:00

Court location: 111 N. Hill Street, Department 11, Los Angeles

1000 Glenhaven Drive

Pacific Palasades, 90272
Overbid amount: $1,082,131.25

Three bedroom, three bath home with pool in desirable Marquez Knolls area of Pacific Palasades. Gated courtyard entry and wood beam ceilings in most rooms. This is a great house with tons of potential!

1310 North Hoover

Los Angeles 90027

Overbid amount: $272,450

This is a two bedroom, two bath although tax records show it as a one bedroom, one bath. Great Silverlake neighborhood close to trendy shops and restaurants.

63 N. Mariposa
Los Angeles, 90029
Overbid amount: $310,250

Original craftsman home built in 1910! Spacious three bedroom, one bath on large lot. Convienent location close to fabulous shops and restaurants. Awsome investment opportunity!

Please call us at 31--777-2858 if you're interested in coming to court. We are happy to e-mail you instructions on how to overbid in court. Don't miss out on these wonderful properties!

The Sanborn Team are your Probate and Real Estate experts. We are here to answer any questions you have about court confirmed sales and to help with all of your real estate needs. For more information about us and our Probate listings, please visit our website at: http://www.sanbornteam.com/

Have a wonderful weekend!!

What is a Probate Sale?

2011-02-17T10:41:00.000-08:00

"Probate" is the court-supervised administration of a decedent's estate. The probate proceeding involves "proving the will" (if there is a will), appointing the personal representative, determining the decedent's assets that are subject to probate. More specifically, any property that the decedent owned or had an interest in at the time of death is collected into the estate and distributed to those entitled to it after all debts and expenses have been paid. Thus, the process of administering a decedent's estate is referred to as "probate" and is generally supervised by the probate court.

The Sanborn Team has over 30 years experience in selling Probate and Trust properties. We are here to help you with all of your real estate needs! For more information about us, please visit our website at: www.sanbornteam.com

How is the overbid amount established?

2011-02-15T16:38:00.000-08:00

When a property is sold at a court hearing there is open competitive bidding. It is important to understand that in order for there to be a court hearing, an initial bid has to be accepted and the attorney for the estate must petition to have a hearing date.

The minimum first overbid price is set by a statute in the Probate Code. That amount is 5% of the accepted initial bid plus $500.

Further incremental bidding is established by the presiding judicial officer at the hearing.

The Sanborn Team is here to help you with all of your real estate needs. We specialize in Probate and Trust sales, many of which require court confirmation. For more information about us and our Probate listings, please visit our website at: www.sanborn.com

Upcoming Bar Meeting: Trust and Estates Section

2011-02-14T15:49:00.001-08:00

Trust and Estates Section

Topic

The Road to Representing Non-Traditional Couples

Speakers

Willow A. Mc Jilton, A Law Corporation

George N. Seide, Adelman & Seide, LLP

Date

2-15-11

Location

Lawry's Restaurant

100 La Cienega Blvd.

Beverly Hills

Time

11:45 - Registration and Lunch

12:30 - 1:30 - Program

As your Probate and Trust Real Estate experts, we are here to assist you and your clients with comprehensive real estate expertise. For more information about our services, please visit our website at: http://www.sanbornteam.com/ or call us at 310-777-2858.

Cashier's Check Requirements for Overbidding on a piece of Real Estate in a Probate sale

2011-01-27T15:38:00.000-08:00

Although it may come as a surprise to most of you, there are some people out there that do not understand what a cashiers check is. Yes, some people refer to them as Bank Checks, however we came across an amusing situation worth sharing.

At a court hearing to confirm the sale of a piece of Real Estate, an interested buyer tugged the back of my sweater. She needed to speak to me so I followed her outside. I proceeded to ask her to show me the check that was required for her to make a bid on the piece of real estate that was being sold. She handed me a bank statement and a personal check. I explained to her that the check had to be a cashiers check in order for her to be able to bid on the real estate. Afther a series of exchanges, she explained to me that this check was a cashiers check. The check was made payable to cash - thus a cashiers check!

The overbidding party must appear at the hearing with thier agent and a cashier's check in an amount totaling at least 10% of the minimum overbid price in order to successfully overbid.

The Sanborn Team works on taking the mystery out of Probate & Trust Real Estate Sales. We encourage you to contact us with your questions at 310-777-2858 or visit our website at: http://www.sanbornteam.com/

If The Price Is Right!

2011-01-14T09:47:00.000-08:00

Price Reduction on 3500 W. Manchester, #223. New price is $225,000! This is a spacious two-story townhome with formal dining room, large living room with fireplace that overlooks private patio. Master suite plus two additional bedrooms with lots of closet space. Fresh paint and newer carpets throughout. Detached garage with direct access to patio. Well located in this complex, close to club house and pool. Probate sale. Court Confirmation Required.

Every house will sell if the price is right! The single most important factor to consider when selling a house is the price tag. Over the years we’ve discovered that if a buyer considers a particular home a great value they’ll go for it, otherwise they’ll wait until it goes on sale. What if your home pricing is not yielding showings or contracts (the only two signs that really matter)? You likely need a price reduction. Time and again, as soon as we reduce the price of a home that isn’t moving, there will be renewed interest among buyers and, in most cases, good solid offers.

The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. Contact us for all of your real estate needs. For more information, please visit our website at: http://www.sanbornteam.com/

Upcoming Probate Court Date for 431 N. Doheny Dr.!

2011-01-05T16:21:00.000-08:00

Date: 01-07-11
Time: 9:15AM
Location: 1725 Main Street, Santa Monica

Department: N
First overbid amount: $473,000

Great two bedroom two bath condo in prime Beverly Hills location, across the street from Gelson's market. This bright and spacious top floor unit has formal dining and separate breakfast room. Large master suite has a sitting area, walk in closet, and a master bath with hot tub. There is laundry inside the unit, as well as two side by side parking spots downstairs.

The Sanborn Team has been selling probate and trust real estate for over 30 years. We are here to assist you with all of your real estate needs! For more information about us and our probate listings, please visit our website at: http://www.sanbornteam.com/

Wishing everyone a happy and healthy holiday!

2010-12-22T15:28:00.001-08:00

To all of our wonderful clients and agents, we at the Sanborn Team want to wish everyone a happy and healthy holiday! We could not have had such a prosperous year without you and we are grateful to work with such awesome professionals.

We look forward to an even better 2011 and with your continued support, nothing can stop us!

The Sanborn Team has been selling Probate and Trust properties for over 30 years and we've been successful in getting top dollar for the estate's number one asset. We work with many Conservators, Trustees, Probate Attorneys and Administrators of Estates. For more information about us and our Probate listings, please check out our website at www.sanbornteam.com

Stay tuned, we have several new Probate properties that will be hitting the market very soon!

Words of Wisdom from a 90 year old!

2010-11-23T16:03:00.000-08:00

I was checking out other real estate blogs, and came across the following GOOD ADVICE written by a 90 year old. With the holidays upon us, it felt timely. Live life to it's fullest!

Originally posted by: Sherilyn Cervantes, Serving Boulder, Larimer & Weld Counties, CO (ERA Herman Group Real Estate ):

Written by Regina Brett, 90 years old, of the Plain Dealer, Cleveland ,Ohio ."To celebrate growing older, I once wrote the 45 lessons life taught me.It is the most requested column I've ever written.My odometer rolled over to 90 in August, so here is the column once more:

1. Life isn't fair, but it's still good.

2. When in doubt, just take the next small step.

3. Life is too short to waste time hating anyone.

4. Your job won't take care of you when you are sick. Your friends and parents will. Stay in touch.

5. Pay off your credit cards every month.

6. You don't have to win every argument. Agree to disagree.

7. Cry with someone. It's more healing than crying alone.

8. It's OK to get angry with God. He can take it.

9. Save for retirement starting with your first pay check.

10. When it comes to chocolate, resistance is futile.

11. Make peace with your past so it won't screw up the present.

12. It's OK to let your children see you cry.

13. Don't compare your life to others. You have no idea what their journey is all about.

14. If a relationship has to be a secret, you shouldn't be in it.

15. Everything can change in the blink of an eye. But don't worry; God never blinks.

16.. Take a deep breath. It calms the mind.

17. Get rid of anything that isn't useful, beautiful or joyful.

18. Whatever doesn't kill you really does make you stronger.

19. It's never too late to have a happy childhood. But the second one is up to you and no one else.

20. When it comes to going after what you love in life, don't take no for an answer.

21. Burn the candles, use the nice sheets, wear the fancy lingerie. Don't save it for a special occasion. Today is special.

22. Over prepare, then go with the flow.

23. Be eccentric now. Don't wait for old age to wear purple.

24. The most important sex organ is the brain.

25. No one is in charge of your happiness but you.

26. Frame every so-called disaster with these words 'In five years, will this matter?'

27. Always choose life.

28. Forgive everyone everything.

29. What other people think of you is none of your business.

30. Time heals almost everything. Give time time.

31. However good or bad a situation is, it will change.

32. Don't take yourself so seriously. No one else does.

33. Believe in miracles.

34. God loves you because of who God is, not because of anything you did or didn't do.

35. Don't audit life. Show up and make the most of it now.

36. Growing old beats the alternative -- dying young.

37. Your children get only one childhood.

38. All that truly matters in the end is that you loved.

39. Get outside every day. Miracles are waiting everywhere.

40. If we all threw our problems in a pile and saw everyone else's, we'd grab ours back.

41. Envy is a waste of time. You already have all you need.

42. The best is yet to come...

43. No matter how you feel, get up, dress up and show up.

44. Yield.

45. Life isn't tied with a bow, but it's still a gift."

We at the Sanborn Team wish everyone a healthy and happy Thanksgiving!

How NOT to over bid at a Probate Real Estate Sale

2010-11-19T12:57:00.000-08:00

Over Bidders at Probate Real Estate Sale

Does the buyer need to appear in court to purchase a piece of real estate?

One would think that the answer to that question would be obvious, however this week in court we had two real estate agents come to bid on behalf of their buyers. Both of the buyers were not with their respective agents. Both of the real estate agents were under the impression that it would not be a problem to bid on behalf of their respective clients.

If either of the agents had called The Sanborn Team and told us that they were not expecting their clients to accompany them to court we would have been able to provide them information on how they would be able to represent their absent clients. Alas, no one called in advance.

The agents did not understand that without proper authority there would be no way to bind their clients. That being said, if the buyer is not in court, how does the seller know in fact that the real estate agent has the authority to bid and also have the authority to bid to a certain price?

The judge delayed the sale by putting it on second call. That means that the entire calendar is called in court and then they return to various matters.

One of the agents was able to obtain the necessary documentation allowing him to bid on behalf of his buyer. The other agent left and we received a call from a frustrated and upset buyer who did not understand why if his agent had a check for the over bid amount why he could not have his agent represent him. We explained that short of some kind of authority, another person cannot bid on behalf of a person who is absent from the hearing.

So, a lesson was learned today. We have revised our instructions for coming to over bid in a probate court hearing to include the fact that both the buyer and the agent need to be present.

For all of your Probate and Trust Real Estate Needs please contact The Sanborn Team at 310-777-2858 or send us a message to info@sanbornteam.com

Probate Court date for 2704 43rd Street is tomorrow!!

2010-11-17T10:59:00.001-08:00

Date: 11-18-10

Time: 8:30AM

Location: 111 N. Hill Street, Department 11, Los Angeles

First overbid amount: $200,000

Fabulous corner lot with so much potential! Two bedroom, one bath home in Liemert Park neighborhood, considered to be the center of the African-American arts scene in Los Angeles. The Lucy Florence Coffee House and Cultural Center came to Leimert Park in 2000, hosting an array of Talent, Art and Music. Probate Sale. Court Confirmation Required.

The Sanborn Team is here to help you with all of your real estate needs. For more information about us and our probate properties, please visit our website at: http://www.sanbornteam.com/

Probate Court date for 6527 83rd Street tomorrow!!

2010-11-09T12:45:00.001-08:00

Court date information is as follows:

Date: 11-10-10
Time: 8:30AM
Location: 111 N. Hill Street, Department 5, Los Angeles
First overbid amount: $525,000

This home is an amazing value! Terrific Westchester location on a tree lined street. Three bedroom, two bath and living room with brick fireplace. Minutes from the beach and LAX. In keeping with our specialty, this is probate sale and requires court confirmation.

The Sanborn Team has over 30 years of experience selling Probate and Trust real estate. For more information about us, please visit our website at: http://www.sanbornteam.com/

Great new Probate listing in Woodland Hills!!

2010-11-05T16:17:00.000-07:00

High on a knoll, this four bedroom, two bath home has tons of potential! Living room with stone fireplace, light and bright throughout. Outdoor patio with tree top views. If you've got a good eye and know a GREAT deal when you see one, then don't miss out! List price is $449,000. Probate sale. Court confirmation required.

The Sanborn Team is here to assist you with all of your real estate needs. For the last 30 years we've specialized in the sale of probate and trust real estate. Most but not all of our probate listings require court approval. For more information about us and our properties, please visit our website at: http://www.sanbornteam.com/

Court Confirmation for Parish on Monday, 10/25!

2010-10-22T15:30:00.001-07:00

Court date for our property at 539 Parish Place in Burbank will be:

Date: Friday, October 25th.

Location: Los Angeles Superior Court- 111 N. Hill Street, LA - Department 9

Time: 8:30AM

This two bedroom one bath home has generated so much interest! Opportunity to live in Rancho Area of Burbank. Bright and Sunny living room with fireplace and french doors leading out to spacious backyard. Formal dining area, kitchen and separate laundry area.

Overbid starts at $441,500, and we are expecting overbidders to show up!

The Sanborn Team is here to help you with all of your real estate needs. For more information about us and our probate listings, please visit our website at: http://www.sanbornteam.com/

Overbidders in Probate Court!

2010-10-08T13:50:00.000-07:00

Lots of excitement in the Santa Monica courtroom today! Our property at 1126 Yale Street in Santa Monica went to court for confirmation today. Two very serious over bidders came to court and both wanted the property badly. The auction went on for some time and we at the Sanborn Team were thrilled to have gotten the most for the estate. The property went to one of the overbidders who wasn't the original accepted offer.

This was a validation of the Sanborn Team's commitment to negotiating deals, anticipating roadblocks and getting top dollar for the estate's number one asset.

Please visit our website at: http://www.sanbornteam.com/ for up to date information on our probate and trust listings. We are here to help you with all of your real estate needs! Just give us a buzz and we will respond promptly!

Court date for Yale quickly approaching!

2010-10-01T16:35:00.000-07:00

Court date for our property at 1126 Yale Street in Santa Monica will be:

Date: Friday, October 8th.
Location: Santa Monica Courthouse - 1725 Main Street
Time: 9:15AM - Department N

This home generated so much interest! It's definitely about price out there but location is still just as important, especially if you want ocean breezes and cooler weather! House is in prime Santa Monica location, north of Wilshire! Charming 2BR/2BA with a den and formal dining. Fireplace in living room and den. Service porch with washer dryer hook up. Hugh backyard. Tons of potential! This is a Probate sale and Court confirmation is required.

The Sanborn Team specializes in Probate and Trust Real Estate Sales. To find out more about us, please visit our website at: www.sanbornteam.com

Market is Price Driven!

2010-09-24T15:43:00.000-07:00

We have had several listings that have been on the market for some time. We felt they were all good opportunities, but we weren't getting any action on them. As soon as we adjusted the price, our phones didn't stop ringing! In fact, our listing at 211 S. Spalding in Beverly Hills sold almost immediately after the price reduction, and the same went for our duplex at 9014 W. 24th in the Beverlywood area.

The Sanborn Team works very hard to get the most we can for our real estate sales.That said, we also work hard to educate sellers, attorneys and fiduciaries who represent the estates on the importance of pricing in this market.

If you're looking for an realistic opinion on pricing and value, please give us call. We are here to help with any and all of your real estate needs!

We specialize in probate and trust properties. For more information, please visit our website at: www.sanbornteam.com

The best deal in Beverly Hills!

2010-09-15T14:34:00.000-07:00

Our probate listing at 211 Spalding Drive in Beverly Hills was just reduced to $699,000!

This is a must see, must sell unit! Beautiful two bedroom three bath with a den and living room with fireplace that opens to a large private balcony with city views. Also features an eat in kitchen, formal entry and large dining area. The master suite boasts closets galore and grand bathroom. Light and bright throughout. Full service building with pool, gym and valet parking. Prime location, close to Beverly Hills shops and Century City. Probate sale. Court confirmation required. To view a visual tour tour of this probate listing, please click here:
View a virtual tour of this probate listing

For more information about us and our probate listings, please visit our website at: www.sanbornteam.com

2704 43rd Street - This one won't last!

2010-09-03T12:57:00.000-07:00

List Price: $199,000

New on the market and already generating a ton of interest! This is a two bedroom one bath home with a formal dining room. It is most definitely a fixer with a future! Probate sale. Court confirmation required.

This home is located in the Liemert Park neighborhood which is a historical area that began around 1928. As I drove around it became clear that people really care about their properties. It is also considered to be the center of the African-American arts scene in Los Angeles with blues and jazz clubs; as well as venues for Hip Hop and numerous dramatic performances and poetry readings. The Lucy Florence Coffee House and Cultural Center came to Leimert Park in 2000, hosting an array of Talent, Art and Music.

The Sanborn Team has over 30 years of experience selling Probate and Trust properties such as this one. For more information about us and our listings, please visit our website at: http://www.sanbornteam.com/

Professional Investors Move Into Flipping Foreclosed Properties

2010-08-30T12:24:00.000-07:00

An August article in the LA Times noted a surge in “flipping foreclosed homes” by wealthy individuals and equity funds. Flipping is a buy- low, fix- up, sell-high strategy that has worked for entrepreneurial types, who often move from house to house along the way. Today’s “flippers” are taking advantage of deeply discounted prices at public auctions to buy extremely low, make wholesale improvements and turn a quick profit. To read the complete article, click here: Professional investors move into flipping foreclosed homes - latimes.com

The article definitely caught our attention since we are seeing the very same thing with our Probate and Trust listings. This is especially so with our probate sales in South Los Angeles County. For example, a property we sold recently on 29th Street, near USC generated huge interest from investors. We had at least five over- bidders in court and the property went for nearly twice what we listed it for! The investment group that purchased it will turn it into student housing.

The heirs and professional fiduciaries we work with put a lot of trust in our ability to sell these properties quickly and at the best possible price. This is validation of The Sanborn Team’s commitment to negotiating deals, anticipating roadblocks and getting top dollar for the estate’s number one asset.

For more information about the Sanborn Team and the probate properties we have available, please visit our website at: http://www.sanbornteam.com/

Orange County Business Journal Report

2010-08-17T15:40:00.000-07:00

Home Prices Increase $5,000 in July, Sales Fall
Tuesday, August 17, 2010

Orange County’s median home price inched up $5,000 in July from a month ago, but sales levels fell by nearly 26%, loosing the boost of federal home buyer tax credits.
The median price for an OC home was $450,000 in July, about a 1% gain from a month ago, according to San Diego-based MDA DataQuick, a unit of Canada’s MacDonald Dettwiler and Associates.
The median price here now is $30,000 or 7.1% higher than a year earlier, but still is about 30% below OC’s highest median price, set in the summer of 2007.
Sales in OC totaled 2,527 in July. That’s a 26% decline from a month ago and a 19% drop from a year ago.
June’s sales volumes were boosted by buyers facing a June 30 deadline to take advantage of an $8,000 federal tax credit, which has since been extended to this fall.
For all of Southern California, the median price for a home was $295,000 in July, down $5,000 from June’s prices but up 10% from a year ago.
Southland sales totaled 18,946 in July. That’s down nearly 21% from June’s totals, and also about a 21% decrease from a year ago.
It was the steepest year-over-year decline for Southland sales since March 2008, according to MDA DataQuick’s figures.
Foreclosure resales accounted for a 34% of the Southland’s resale market last month. That’s down from a high rate of 56.7%, set in early 2009, according to MDA DataQuick’s figures.

There has never been a better time to buy a home! We at the Sanborn Team understand the Real Estate market very well, specifically Probate and Trust sales. For more information about us and to view our properties, please visit our website at: http://www.sanbornteam.com/

Elder Law Committee of the Trusts and Estates Section Meeting

2010-08-16T11:34:00.000-07:00

The Care and Feeding of Engagement Letters - Conflict Waivers, Fee Agreements and Exit Strategies

Speaker
Margaret G. Lodise, Sacks, Glazier, Franklin & Lodise, LLP

Date

Tuesday, August 17, 2010

Time

11:45 a.m.- 12:30 p.m. 12:30 - 1:30 p.m.

Place

LAWRY'S 100 N. La Cienega Blvd., Beverly Hills (1/2 block North of Wilshire Blvd.) Free underground parking.

As the official sponsors of the Beverly Hills Bar Association, Elder Law Section, we are here to assist you with all your real estate needs. We are probate and trust real estate specialists selling and marketing real estate throughout Southern California.
To learn more about our probate real estate services, please visit http://www.sanbornteam.com/

Southland home sales edge up, prices level off

2010-08-11T10:07:00.001-07:00

Sales Volume			Median Price
All homes	Jun-09	Jun-10	%Chng	Jun-09	Jun-10	%Chng
Los Angeles	7,636	7,849	2.8%	$320,000	$335,000	4.7%
Orange	2,958	3,423	15.7%	$418,000	$445,000	6.5%
Riverside	4,694	4,645	-1.0%	$185,000	$210,000	13.50%
San Bernardino	3,438	3,179	-7.5%	$140,000	$160,000	14.30%
San Diego	3,692	3,885	5.2%	$314,250	$335,500	6.8%
Ventura	844	890	5.5%	$365,000	$384,000	5.2%
SoCal	23,262	23,871	2.6%	$265,000	$300,000	13.20%

Per DQ news.com, “The market was wildly out of kilter a year ago, now it’s just somewhat out of kilter. We’re still seeing lots of bargain hunting, and we’re not seeing much discretionary buying. The single-biggest issue is still mortgage financing. Rates may be at record lows, but that doesn’t mean much if the lender won’t qualify you."

The Sanborn Team is here to help you with all of your real estate needs! For more information about us and to view our probate listings, please visit our website at: www.sanbornteam.com

Aug. 15: Last day to apply for state first-time buyer tax credit

2010-08-10T11:24:00.000-07:00

The Franchise Tax Board (FTB) recently announced it will accept applications for the California first-time home buyer tax credit through midnight on Sunday, Aug. 15, 2010. The FTB believes it will have received more than enough applications to cover the $100 million allocated for eligible first-time home buyers. It will continue to accept applications for the new-home portion of the state tax credit.
Due to the high volume of faxes the FTB is receiving, consumers may experience some delays and difficulties in connecting to the fax number during normal business hours. It can take several minutes or possibly up to an hour to connect and transmit the fax. Buyers who receive a busy signal are advised to try again later. The fax number is open 24 hours a day, so consumers may fax applications during non-business hours when the line is not as busy.
For more information about the California state tax credits for first-time buyers and buyers of new homes, including eligibility requirements, please visit http://www.ftb.ca.gov/individuals/new_home_credit.shtml.
_home_credit.shtml.

We at the Sanborn Team are here to help you with all of your real estate needs. Our website at: www.sanbornteam.com offers great information about probate and trust sales and how they work. We have over 30 years of experience working with heirs, conservatorships, professional fiduciaries as well as administrators of an estate. We look forward to hearing from you!

June Home Sales Report

2010-08-03T16:03:00.000-07:00

Following is a excerpt from an LA Times article that reports home sales numbers for June of this year compared to last year.

Per the LA Times........

Existing, single-family home sales decreased 4.2 percent in June compared with June 2009.

The statewide median price of an existing single-family home increased 13.6 percent in June to $311,950 compared with June 2009.

“Buyers who scrambled to close escrow in May to take advantage of federal and state tax credits before they expired impacted the number of homes sold last month,” said C.A.R. President Steve Goddard. “Although we expect sales to be lower in the second half of the year because of the absence of the government stimulus, they should remain above the long-run average and be significantly higher than the trough in 2007, when sales bottomed out.

“Although the tax credits are no longer available, it’s important to keep in mind that home prices are substantially below their peaks and interest rates remain at historic lows, making this a very affordable time for many first-time buyers to purchase a home of their own,” he said.

Closed escrow sales of existing, single-family detached homes in California totaled 492,800 in June at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. Statewide home resale activity decreased 4.2 percent from the revised 514,230 sales pace recorded in June 2009. Sales in June 2010 decreased 11.1 percent compared with the previous month.

It's clear that both home prices and interest rates will remain low for some time. We at the Sanborn Team have over 30 years of experience with Probate and Trust Sales of Real Property. Time and again we've been able to get top dollar for the estates we work with. For more information about us, please visit our website at: www.sanbornteam.com

Hot new listing!

2010-07-29T16:35:00.000-07:00

This one is a gem in a beautiful area and under $500K! Spanish style two bedroom and one bath with a formal dining room and den, in the heart of prestigious Rossmoyne district of Glendale. This is a sunny home with great curb appeal and a grassy backyard. Probate sale. Court confirmation required.

For more information, please visit our website at: http://www.sanbornteam.com/

Attention Investors and builders!

2010-07-27T15:39:00.000-07:00

3461 2nd Avenue, Los Angeles

Great opportunity for less than $250K! This is a three bedroom one bath fixer with a formal dining room. Service porch with washer/dryer hookup. Probate sale.

The Sanborn Team has over 30 years of experience selling probate and trust properties in and around Southern California. Please visit our website at: http://www.sanbornteam.com/ to view this listing and others we have available!

Price reduction on wonderful Santa Monica home!

2010-07-21T14:05:00.000-07:00

We have a great probate listing at 1126 Yale in Santa Monica. AND we've just had a price reduction from $1.2Million to $1.1Million! Prime Santa Monica location, north of Wilshire! Charming 2BR/2BA with a den and formal dining. Fireplace in living room and den. Service porch with washer dryer hook up. Hugh backyard. Tons of potential! Probate sale. Court confirmation required.

The Sanborn Team has over 30 years of real estate experience specializing in the sale of probate and trust properties. We pride ourselves in selling real property through Trust and Probate and helping families and beneficiaries get the most from their assets.

For more information, please visit our website at www.sanbornteam.com

Death of a Real Property Owner

2010-07-13T15:51:00.000-07:00

The Sanborn Team recently attended a very informative meeting with L.A. County Assessor, Rick Auerbach. During that meeting he discussed tax issues important for homeowners and what to do upon the death of a real property owner. In a nutshell……..

Death of a Real Property Owner

“The Assessor’s Office must be notified upon the death of an owner within 150 days of the date of death, or, if the estate is probated, prior to or at the time the inventory and appraisal is filed with the court clerk. The Change in Ownership Statement Death of Real Property Owner form is required to be completed and submitted to the Assessor’s Office, even if the decedent held the property in a trust. Failure to file a Change in Ownership Statement within the time prescribed by law may result in a penalty of either $100 or 10% of the taxes applicable to the new base year value of the real property or manufactured home, whichever is greater, but not to exceed $2,500 if that failure to file was not willful. This penalty is added to the assessment roll and is collected like any other delinquent property tax and subject to the same penalties for nonpayment.”

To learn more about this and other valuable information from the Assessor’s Office, please visit their website at: http://www.assessor.lacounty.gov/.

The Sanborn Team has over 25 years of experience selling Probate and Trust properties in Southern California. We work with Probate Attorneys, Fiduciaries, Executors, Trustees and other real estate agents who require our expertise in this field. For information on our listings, please visit our website at: http://www.sanbornteam.com/.

Overbidders in Court!

2010-07-12T16:53:00.000-07:00

Today was an exciting day in court! Our property at 840 Cedar, #4 in Long Beach sold well over the starting bid. Starting bid was $63,500 and it sold for $80,000!

The Sanborn Team is dedicated to aggressive marketing on all of our listings, and we continue to show and advertise each of our listings up until the court hearing. The recent overbidding in court is a sign of our commitment to obtaining the most we can for the estates we work with.

To learn more about our services, please visit us at: http://www.sanbornteam.com/

Also, become a fan on Facebook at The Sanborn Team Fan Page.

Headed to the Courtroom on Monday!

2010-07-09T15:51:00.000-07:00

Our listing at 840 Cedar, #4 in Long Beach will be going to court. This unit is adorable, neat and tidy. It's a one bedroom one bath located near downtown. If you're interested in coming to court and overbidding, the overbid amount will start at $63,500.

The Court Date is: July 12, 2010
Location: 111 N. Hill Street, Department 9 Los Angeles

Time: 10:30

The Sanborn Team are your probate real estate experts. We have a wide array of listings for you. For more details please visit our website at: http://www.sanbornteam.com/ or you can call us with no obligation at 310-777-2858.

4th of July Fireworks around town!

2010-07-02T09:40:00.000-07:00

4th of July Fireworks in Los Angeles

Burbank - Starlight Bowl - 1249 Lockheed View Drive - 9:00PM

Calabasas - Calabasas High School - 22855 W. Mulholland Hwy - 9:00PM

Culver City - Culver City High School - 4401 Elenda Street - 9:00PM

Pasadena: Rose Bowl - Americafest 2010 - 2:00-9:30PM

Redondo Beach - Seaside Logoon - 200 Portofino Way - 9:00PM

Studio City - CBS Studio Center - Grant Ole 4th of July Fireworks Festival - 4024 Radford Ave.

Torrance - Torrance Beach off Barge Palos Verdes & Via Rivera - 9:00PM

We at the Sanborn Team wish you and your familes a safe and happy 4th of July!

For more information about the Sanborn Team, your trust and probate real estate specialists, and to view some hot probate listings, please visit our website at: http://www.sanbornteam.com/

Great Probate Properties still available!

2010-06-30T10:43:00.001-07:00

We at the Sanborn Team would like to wish you and your familes a happy and safe 4th of July! As a reminder, we have some wonderful probate properties still available. For example, we have a charming 3+2 at 6527 W. 83rd Street in a fabulous neighborhood in Westchester AND under $600,000! Another great probate listing we have is on 11607 Regent in Mar Vista, also in a very good neighborhood. Don't miss these amazing opportunities!

The Sanborn Team has been representing sellers in probate and trust real estate for over 30 years. For more information about our expertise in selling real estate through probate and trust please visit our website at: http://www.sanbornteam.com/

Fabulous house in Westchester for under $600,000!

2010-06-23T11:23:00.000-07:00

6527 W. 83rd Street, Westchester
$599,000
Don't miss this amazing opportunity!

Terrific Westchester home in great location! This property features three bedrooms and two baths, living room with fireplace and a grassy backyard. A perfect first home in a quiet neighborhood. Minutes from LAX. Probate sale. Court confirmation required.

For more information on this probate listing and others we have available, please visit our website at:www.sanbornteam.com

Elder Law Committee of the Trusts and Estates Section

2010-06-15T09:41:00.001-07:00

Trust Asset Management

The Trustee's Evolving Duties and Liabilities

Official Section Sponsor

Kenneth A. Feinfield, Esq., Managing Director and Chief Fiduciary Officer at Wilmington TrustSeth W. Krasilovsky, Esq., Partner at Mitchell Silberberg & Knupp, LLP

Date: Tuesday, June 15, 2010

Place: Lawry's - 100 N. La Cienega Blvd., Beverly Hills

Registration/Lunch: 12:00 Noon Program: 12:30 - 1:30 p.m.

Upcoming Court Date

2010-06-08T10:23:00.001-07:00

Attention Investors! Contractors! All Buyers!

You still have an opportunity to purchase one of these properties.

The Court Date is: June 9, 2010

Location: 111 N. Hill Street, Los Angeles
Time: 8:30

1422 W. 29th Street, Los Angeles - This 3+2 is a major fixer. Minues from USC. Overbid starts at $163,250.

1460 E. 49th Street, Los Angeles - Two vacant houses on lot. Both houses have two bedrooms and one bath. Overbid starts at $126,500

728 Cedar, #21, Long Beach - 1 bedroom with dressing area. Spacious kitchen with room for an eating area. Overbid starts at $53,000

The Sanborn Team are your probate real estate experts. From South Los Angeles to San Fernando Valley to the oceans of Los Angeles, we have a wide array of listings for you. For more details please visit our website at: http://www.sanbornteam.com/ or you can call us with no obligation at 310-777-2858.

New Listing Alert!

2010-06-03T15:05:00.000-07:00

New Listing!!

2128 Cloverdale in Los Angeles

This three bedroom two bath traditional is a fixer with loads of potential. Property features living room with fireplace, formal dining room and two car detached garage.

To view photos please click here: http://www.visualtour.com/show.asp?t=2211834&prt=10003

Probate sale requiring court approval.

The Fiduciary's Dilemma through the Probate sale

2010-05-27T10:40:00.000-07:00

As we watch the real estate market creep toward recovery, we see two factors driving successful sales: price and condition. The price has to be very low and the condition has to be pristine. These days, pristine means clean, painted AND updated bathrooms and kitchens.

As you may have noticed, real property sold through probate is always offered as is. That's part of the appeal of probate properties for buyers: they're often fixers. The property owner may have lived in the house for many years and deferred a certain amount of maintenance.

In today's market, when pristine sells, heirs or fiduciaries may be tempted to look for a higher price by fixing up their loved one's home. But as soon as they do more than a major cleaning, they lose the protection of some of the disclosure laws of probate.

So the fiduciary is faced with a dilemma: lose the protection of probate or drop the price to a level where the house will be noticed in a price-driven market?

We are always available to answer your questions about probate and trust sales or any aspect of the real estate market. Give us a call at 310-777-2858 and visit or website at: www.sanbornteam.com

Overbidders in Probate Court!

2010-05-19T09:52:00.000-07:00

Yesterday was an exciting day in court with two of our three properties sold well over the starting bid. Even though these properties went to court twice and got postponed both times, we were still able to sell the properties for more than we ever thought. The Sanborn Team is dedicated to aggressive marketing on all of our listings, and we continue to show and advertise each of our listings up until the court hearing. The recent overbidding in court is a sign of our commitment to obtaining the most we can for the estates we work with.

1522 W. 105th sold for $155,000, and the starting bid was $121,355! 1041 W. 48th Street sold for $170,000 and the starting bid was $132,932! 113 E. 231st Street sold for $260,375. We were pleasantly surprised at the number of buyers that showed up on these properties. It goes to show you that the market is really picking up especially in the South LA area.

To learn more about our services, please visit us at: http://www.sanbornteam.com/

Also, become a fan on Facebook at The Sanborn Team Fan Page.

Upcoming Court Date

2010-05-14T08:45:00.001-07:00

Attention Investors! Contractors! All Buyers!

You still have an opportunity to purchase one of these properties.

The Court Date is: May 18, 2010
Location: 111 N. Hill Street, Los Angeles
Time: 8:30

1041 W. 48th Street, Los Angeles - Fixer with a future. 3+1 California Bungalow on a large lot. Opening bid will be: $132,932.

1522 W. 105th Street, Los Angeles - Single family with formal living room, eat-in kitchen, Fireplace in living room and two car detached garage. Opening bid will be: $121,355.

113 E. 231st Street - 2+1 w/large covered patio and two car garage. House orginally had 3 bedrooms and could easily be converted back. large backyard. Opening bid will be: $260,375

The Sanborn Team are your probate real estate experts. From South Los Angeles to San Fernando Valley to the oceans of Los Angeles, we have a wide array of listings for you. For more details please visit our website at: http://www.sanbornteam.com/ or you can call us with no obligation at 310-777-2858.

Elder Law Committee of the Trusts and Estates Section

2010-05-10T11:36:00.000-07:00

Elder Law Committee of the Trusts and Estates Section

Official Section Sponsor

The New Federal Health Care Reform Bill
and its Impact on Medicare

Speaker: Stephanie Lee, Esq. Center for Health Care Rights

Thursday, May 13, 2010
Registration/Lunch: 12:00 Noon

Program: 12:30 - 1:30 p.m.; Lunch is Provided

BHBA CONFERENCE CENTER
300 S. Beverly Drive, #210, Beverly Hills (Free 2-hour parking at 216 S. Beverly Drive)

$50.00 BHBA Trusts & Estates Section members who pay in advance*

$60.00 BHBA members who pay in advance*

$75.00 for all others who pay in advance* ($10.00 more at door for all)

*MINIMUM 24 HOURS - Refund with 48 hours notice - Raincheck with 24 hours notice

This event is FREE for members of The Order of Distinguished Attorneys .

Committee Chair: Terry M. Magady, Esq

Click HERE to Register for This Program

As the official sponsor of the Beverly Hills Bar Association Elder Law Section, we are here to assist you with all your real estate needs. We are probate and Trust Real Estate specialists selling and marketing real estate throughout Southern California. To learn more about our probate real estate services, please visit: http://www.sanbornteam.com/

Upcoming Court Date on two properties!

2010-04-28T10:09:00.000-07:00

We have a court date on May 4th for 1041 W. 48th and 1522 W. 105th in Los Angeles. If you're still interested, come to court and give it your best shot!

For instructions on how to overbid in court, please click on the following link: http://sanbornteam.com/probate_resources.php

The Sanborn Team, your probate and trust real estate specialists get new properties all the time. For more information about us and our listings, please visit our website at: www.sanbornteam.com

The Sanborn Team knows South Los Angeles

2010-04-26T11:50:00.000-07:00

The Sanborn Team knows a thing or two about properties in South Los Angeles. For over 20 years, we have sold multiple properties in and around that area.

The following LA Times article caught our attention http://latimesblogs.latimes.com/lanow/2010/04/south-la-again-a-houseflipping-hot-spot.html It talks about foreclosures in the area and investors who are buying the properties and flipping them within six months. What the article didn’t discuss is that there are other properties for sale in South Los Angeles, that aren’t foreclosures that are also getting a lot of attention from investors and “house flippers.” Such properties are Probate Real Estate Listings.

In 2009, we started to notice that the investors were back in the market after being very quiet for a couple of years, especially in the South Los Angeles real estate market. Every probate real estate listing that we have put on the market in South Los Angeles, has been swarmed by investors, contractors and developers. And what is more interesting, is that these properties have all had multiple offers and have all sold for over-asking.

The Sanborn Team has sold over dozen properties in the South LA area in the last year alone. And we currently have five accepted offers and two with a court date of may 4th! They go quickly and usually the buyers are investors.

So the bottom line is that it isn’t just foreclosures that the investors are buying in South Los Angeles, but it’s also probate real estate listings too! For over 30 years we have been selling and marketing probate real estate in the greater Los Angeles area. We aren’t your typical real estate agent who’s a “neighborhood specialist” but we are Probate and Trust Real Estate Agents that are up to date in every market place of Los Angeles.
For more information about the Sanborn Team, your trust and probate real estate specialists, and to view some hot probate listings, please visit our website at: http://www.sanbornteam.com/

800 W. 1st Street, #708 & #709

2010-04-20T15:42:00.000-07:00

New listing!!

800 W. First Street, #708 & #709

Downtown Los Angeles

Don't miss this rare opportunity to purchase a two bedroom and studio that's been combined to a three bedroom, three bath. Fabulous views from the Hollywood sign to the downtown skyline. Minutes from all the action of Downtown LA. Features on-site 24 hr security, concierge, pool, tennis court and gym.

Probate sale. Court confirmation required.

This is a One Of A Kind unit for the prestigious Bunker Hill Tower. To view photos please click here: http://www.visualtour.com/show.asp?t=2170413&prt=10003

Elder Law Committee of the Trusts and Estates Section Meeting

2010-04-15T14:50:00.000-07:00

Elder Law Committee of the Trusts and Estates Section

Official Section Sponsor

Appeals for Veteran's Benefits
before the Veteran's Administration Regional Office (VARO), Board of Veteran's Appeals (BVA) and
U.S. Court of Appeals for Veteran's Claims (CAVC)

Speaker: Monroe Thomas Clewis, Esq.

Thursday, April 22, 2010 Registration/Lunch: 12:00 Noon

Program: 12:30 - 1:30 p.m.; Lunch Provided

BHBA CONFERENCE CENTER

300 S. Beverly Drive, #210, Beverly Hills (Free 2-hour parking at 216 S. Beverly Drive)

$50.00 BHBA Trusts & Estates Section members who pay in advance* $60.00 BHBA members who pay in advance* $75.00 for all others who pay in advance* ($10.00 more at door for all) *MINIMUM 24 HOURS - Refund with 48 hours notice - Raincheck with 24 hours notice
This event is FREE for members of The Order of Distinguished Attorneys .

Click HERE to Register for This Program

Upcoming Bar Meeting: Trust and Estates Section

2010-04-13T15:57:00.000-07:00

Upcoming Trust and Estates Bar Meeting

Topic:

Navigating the Minefields of Drafting and Administering Special Needs Trusts: A Guidebook from the Experts

Speakers:

Barbara Bergstein, Esq.

Ruth A. Phelps, Esq.

Terry M. Magady, Esq.

Date:

Tuesday, April 20, 2010

Time:

11:45AM - 1:30PM

Place:

Lawry's

100 N. La Cienega Blvd., Beverly Hills

To learn more about our probate real estate services, please visit www.SanbornTeam.com

Hot Property Alert

2010-04-09T14:21:00.000-07:00

1422 W. 29th Street

Los Angeles, CA 90007

Don't miss this opportunity! This is a contractor's dream. Located minutes from USC, this single family home is filled with potential. This 3+2 has 2,216 sq ft located on a 6,229 square foot lot. Listed for: $99,000

This opportunity won't last so be sure to contact The Sanborn Team

To learn more about purchasing a probate property call us anytime at (310) 777-2858.

Court Date Update

2010-04-08T14:20:00.000-07:00

Attention Investors! Contractors! All Buyers!

You may have thought you missed an opportunity to purchase one of these properties...but the court date has been changed.

The New Court Date is May 4, 2010
Location: 111 N. Hill Street, Los Angeles
Time: 8:30

1041 W. 48th Street, Los Angeles - Fixer with a future. 3+1 California Bungalow on a large lot. Opening bid will be: $132,932.

1522 W. 105th Street, Los Angeles - Single family with formal living room, eat-in kitchen, Fireplace in living room and two car detached garage. Opening bid will be: $121,355.

The Sanborn Team are your probate real estate experts. From South Los Angeles to San Fernando Valley to the oceans of Los Angeles, we have a wide array of listings for you. For more details please visit our website at: www.SanbornTeam.com or you can call us with no obligation at 310-777-2858.

Home Buyer Tax Credit update

2010-04-07T11:30:00.000-07:00

We have great news to share with our fellow Californians purchasing their piece of the American dream. Federal and state governments are now offering tax credits for first-time homebuyers. Federal law offers up to $8,000 and $6,500 for long-time residents. California residents can now receive up to $10,000 for first time buyers OR buyers of properties that have never been occupied.

Here's a handy link from the California Association of Realtors website:
http://www.car.org/legal/legal-questions-answers/2010-qa/homebuyer-tax-credit-2010/

The Sanborn Team has probate real estate properties for sale that are an excellent choice for first time buyers. We have listings for sale from South LA to Santa Monica to the Hollywood Hills to the prestigious Beverly Hills 90210 and even Long Beach! To view our probate properties please visit our website at: www.sanbornteam.com

Knowledgeable, professional, and upbeat, The Sanborn Team provides comprehensive real estate representation to clients througout Southern California. From first-tme purchased to complex corporate and probate sales, each transaction received their trademark skill, knowledge and attention to detail. Call us today at 310/777-2858.

Over Bid in Probate Court

2010-03-15T14:15:00.000-07:00

You Need a Cashier's Check to Over Bid in Probate Court

Things are beginning to heat up in Probate Court. Today we had a sale of a Conservatee's residence and we had over bidding. The sad thing was that there were actually two potential over bids for the Conservatee's home, but only one of the Bidders was qualified to bid in the Probate Court Sale.

The Sanborn Team provides written instructions for all potential over bidders for our Probate Real Estate sales. The problem is if an agent does not call and let us know that they intend to come to court there is no way that we can be certain that they know what is required to purchase a piece of real estate in Probate Court.

Today the buyer who wished to overbid and the agent came to court without a cashier's check for the amount that was required. The court will not accept an personal check.

The court hearing for the sale of the probate real estate sale began at 8:30 in the morning so the buyer did not have sufficient time to get a cashier's check. Unfortunately they were denied an opportunity to bid on the property.

The good news was that we still have one other interested over bidder and the property did sell for an additional 10%.

The Sanborn Team is here to help both buyers and sellers. We have instructions in our office for all interested parties, so if you want to come to court and over bid on one of our listings we strongly encourage you to call us at 310-277-2858 and we will send you the pertinent instructions.

We are excited that we had an over bid today and we were sad that we had to turn away a buyer.

Please visit our web site at www.sanbornteam.com for all the latest information on all our properties.

Pricing for Recovery

2010-02-18T13:38:00.000-08:00

With the media reflecting a degree of optimism about the economy, this is no time to lose your head over real estate prices. You’ve heard this refrain from The Sanborn Team before, and it’s more vital now than ever: price it right, get it sold.

Sellers who insist on high asking prices end up with fewer viewings, fewer offers and fewer sales. Instead of putting money in their pockets when they need it, they end up with a house that quickly goes from “new” to “stale” on the market.

Getting homes sold in today’s market is all about pricing for today. That means looking at very recent sales, looking at similar properties on the market that might tempt the same buyers and then settling on a price that is a notch below everyone else. Yes, below! That little downward tick will attract buyers and their agents and might even get the property enough attention that it will draw multiple offers!

The real value of your house in this economy is not the highest price you can get a real estate agent to agree to, but the highest price a buyer will pay!

If you’re interested to know more about your home’s value,
call The Sanborn Team at 310-777-2858.
We’re always happy to give you an honest answer.