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.
