Thursday, July 29, 2010

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/


Tuesday, July 27, 2010

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!




Wednesday, July 21, 2010

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

Tuesday, July 13, 2010

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/.

Monday, July 12, 2010

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.

Friday, July 09, 2010

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.

Friday, July 02, 2010

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/



Wednesday, June 30, 2010

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/


Wednesday, June 23, 2010

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

Tuesday, June 15, 2010

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/

Tuesday, June 08, 2010

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.

Thursday, June 03, 2010

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.


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/

Thursday, May 27, 2010

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

Wednesday, May 19, 2010

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.

Friday, May 14, 2010

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.

Monday, May 10, 2010

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



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/




Wednesday, April 28, 2010

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

Monday, April 26, 2010

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/

Tuesday, April 20, 2010

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

Thursday, April 15, 2010

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 .


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/