California February Home Sales

We were happy to see that home sales are up 5.4 percent from January and also up 8.5 percent from last February. Although distressed properties continue to make up more than half of California's resale market. To read the DQ News article in its entirety, please click here:California February Home Sales

The Sanborn Team has been selling real estate for over 30 years, specializing in Probate and Trust sales that require court confirmation. We work with Probate attorneys, Professional Fiduciaries, Trustees and many more connected to the Probate Court process. To view our Probate listings, please visit our website at: www.sanbornteam.com or call us at 310-777-2858. We welcome your inquiries!

Another Probate listing is confirmed in Court!

Our probate listing at 1745 Camino Palmero was confirmed in court this past Tuesday. 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 a couple of other properties coming up that will be going to Probate Court for confirmation. Details to follow!

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

Probate listing going to Court tomorrow!

The Sanborn Team has a Probate property that will be confirmed in court Tuesday 3/20 at 8:30AM. What a fantastic value! This studio is located at 1745 Camino Palmero St. in West Hollywood just north 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: 3/20/12
Place: Los Angeles Courthouse
111 N. Hill Street, Department 11
Time: 8:30AM
First overbid Amount: $184,250

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 or call us at 310-777-2858. We would love to hear from you!

Britney Spears' villa listed for probate sale - LA Time Article

Britney Spears' villa listed for probate sale

To view our Probate listings, please visit our website at: www.sanbornteam.com or call us at 310-777-2858. we would love to hear from you!

How does a Conservatorship work?

We just listed 12094 Summit Circle and our phone hasn't stopped ringing! It's a beautiful home at an amazing price. I recently blogged about Conservatorships but we've had so many questions about it, that it merits me talking about it again.

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 Probate and Trust Real Estate for over 30 years. We specialize in properties that require court confirmation. To view our Probate listings, please visit our website at: www.sanbornteam.com or call us at 310-777-2858. We would love to hear from you!

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 take the mystery out of court confirmed sales.
Call us for any of your Real Estate needs at 310-777-2858. To view our Probate listings, please visit our website at: www.sanbornteam.com.