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

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!

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?

"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?

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

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.