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

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!

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.!

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/