Wishing everyone a happy and healthy holiday!

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!

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

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!!

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!!

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!!

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!

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!

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!

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!

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!

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!

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

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

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

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

	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

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

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!

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!

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!

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

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!

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!

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!

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!

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!

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

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.

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/

Upcoming Court Date

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!

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 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/

The Fiduciary's Dilemma through the Probate sale

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!

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

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

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!

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

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

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

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: www.sanbornteam.com

Elder Law Committee of the Trusts and Estates Section Meeting

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

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 Bar Meeting: Trust and Estates Section

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

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 www.SanbornTeam.com

Hot Property Alert

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

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

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

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

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.

Upcoming Bar Meeting: Elder Law Meeting

Upcoming Beverly Hills Bar Meeting: Elder Law Section

TOPIC:
Pitfalls of Investing Assets of the Incapacitated Person under Trusts, Powers of Attorney or Conservatorships


Speaker: Randy M. Spiro, Esq

Date: February 11, 2010

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


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 marking real estate throughout Southern California.

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

Sophisticated Condo

1223 Roxbury Drive #301
Los Angeles, CA 90035

Gracious top floor corner unit, spacious and bright with over 1900 sq ft of living space. Parquest floors, Large study/den that could be a 3rd bedroom. Eat-in kitchen with granite counter tops and laundry in unit. The living room has a fireplace and overlooks the south facing balcony with tree top views. Master suite has an abundance of closets. Large second bedroom with its own bath. Complex as pool, spa and gym. Close to Roxbury Park. Trust Sale.

As your Trust and Probate Real Estate Agent Specialists, we are here to assist you with all your real estate needs. Please visit us at www.SanbornTeam.com or feel free to contact us with no obligation at 310.777.2858

Become a fan! View us on facebook!

Q & A: Commissions for Licensee Purchases

We are frequently asked the following question and are posting the answer for clarification.

Can a real estate licensee receive a commission when purchasing

estate real property as a principal?

California Probate Code specifically provides that the estate is not liable for any commission where the listing broker or agent is directly or indirectly the purchaser of the estate property.

In addition, the estate is not liable for commission when the selling broker or agent has "any interest in the purchaser" (i.e., financial interest in the purchaser) or is the purchaser (Cal. Prob. Code Section 10160.5).

The Sanborn Team are Trust & Probate Real Estate Experts, that ensure that you, as a fiduciary, conservator, administrator, executor or conservator, make sure that you are protected and that the transaction is smooth and worry free.

For more information about our Trust and Probate Real Estate services, please visit us at www.SanbornTeam.com or feel free to contact us any time with no obligation.

Going to sell the house?

We are always asked "should we wait to put the house on the market"
We thought that you might find this an interesting article to read.
Going to sell the house? Don't wait for 'spring' in February - latimes.com

Posted using ShareThis

We are always happy to discuss with you the timing for putting a house on the market.
Please feel free to contact us at infor@sanbornteam.com or call us at 310-777-2858