California January Home Sales

According to DQ News, there is a slight increase in home sales from January 2011 to January 2012. However, distressed properties still make up half of all homes sold in January. To read the article in it's entirety, please click here: DQNews - DataQuick Real Estate Headlines and Statistics

The Sanborn Team has been selling Probate and Trust Real Estate all over Southern California for over 30 years. Most of our listings require court approval. If you have questions about the probate process, please call us anytime at 310-777-2858 or to view our probate listings, please visit our website at: www.sanbornteam.com. We are here to help!

Overbidders in Probate Court today!

Another exciting day for The Sanborn Team in Probate Court today. We had three overbidders as well as the original Buyer. And we are happy to report that it went to the highest bidder and we got nearly 20% more than the accepted offer! The Sanborn Team works hard to get top dollar for the estates we work with. In many cases, it's their number one asset.

We have several exciting Probate properties coming up. Stand by!

The Sanborn Team continues to sell real property through Trust and Probate in any market! We have been helping families and beneficiaries get the most from their assets for over 30 years. To view our Probate listings, please visit our website at: www.sanbornteam.com. Or call us at 310-777-2858. We welcome your inquiries!

With a Probate Listing, A Home Inspection Is Crucial

Happy Friday to all!

In most cases, when you purchase a Probate property it is sold "as is." And since in many instances, the Seller is dead, whatever is wrong with the house won't be disclosed. Usually the representative of the Estate will be an Executor, Trustee, or Conservator working alongside a Probate Attorney.

A serious Buyer should have the property inspected before submitting an offer. It's true that your gambling the price of the home inspection without knowing for certain your offer will be accepted, or if you'll be outbid by someone else in Probate Court. However in the case of a Probate property, the pros outweigh the cons. Would you rather gamble the cost of an inspection or the cost of a house?

The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. We are happy to answer any questions you may have about buying or selling a Probate property. Call us at 310-777-2858 or to view our Probate listings, please visit our website at: www.sanbornteam.com. We welcome all of your inquiries!

The Sanborn Team has a Probate Listing going to Court!

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The Sanborn Team has a Probate property that will be confirmed in court Tuesday 2/10 at 9:00AM. What a fantastic value! This one bedroom condo is located at 968 Larrabee St. in West Hollywood just south 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: 2/10/12
Place: Santa Monica Court House
1725 Main Street, Santa Monica, Department A
Time: 9:00AM
First overbid Amount: $173,750

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.

Overbidding in Probate Court - Read our Instructions!

Happy Friday! We hope everyone had a successful week. The Sanborn Team was busy viewing Probate properties which will soon turn into listings. We are excited about the properties we have coming up. Stand by!

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.

Southern California Home Prices Fall

Happy Tuesday! Following is a graph that shows percentage differences with home prices in Southern California from December 2010 and December 2011.

Southern California home prices fall again

The Sanborn Team continues to sell Probate and Trust Real Estate in any market! We are here to help you with any and all of your real estate needs. Please call us at 310-777-2858 or to view our Probate and Trust listings, visit our website at: www.sanbornteam.com. We would love to hear from you!

California December Home Sales

Happy Rainy Monday! According to the following DQ News article, home sales in California are on the rise compared to last month and last year at this time. However, distressed properties still make up half of that number.

To read the article in it's entirety, please click here: California December Home Sales

The Sanborn Team has been selling Probate and Trust properties for over 30 years. Specifically, Court Approval Real Estate Sales. Consider us a resource! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.

Another Probate Term - What is a Conservatorship?

The Sanborn Team specializes in the sale of Probate and Trust properties, specifically Court Approval real estate sales. We work very closely with Probate attorneys, Conservators, Executors, Trustees, and professional fiduciaries.

Test your knowledge on Probate Terms!

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 houses for conservatorships for over 30 years, and getting top dollar for our clients. To learn more about us and our Probate listings, please visit our website at: www.sanbornteam.com. Or call us at 310-777-2858 anytime!

Different Ways to Hold Title on a Property

At a Probate confirmation hearing, the judge always asks how you are taking title. You need to decide in advance how you will take title because its very difficult to change after the court confirmation. Following are different ways you can take title on a property. This information was taken from blueroof.com a real estate blog.

Joint Tenancy

In many cases, married couples hold title as joint tenants. Joint tenancy has rights of survivorship, meaning that if one of the joint tenants dies, the remaining rights automatically go to the surviving person(s). And a will is not required to transfer this remaining title to the surviving person(s). Each person has full rights of ownership and can sell their share without the consent of the other, which would then create tenants in common.

Tenants in Common

Tenants in Common allows for multiple people to hold title in unequal shares, with each having the right to sell their share, or will their share as they want. So four buyers could own a property with one buyer owning 60%, one owning 20% and two owning 10%. And each would be able to sell or will their own shares as they want.

Sole Ownership

When buying property alone as an unmarried person, many people take title as a sole owner. This is called title in severalty.

Living Trust

A Living Trust is like having another “entity” own and control your assets, including your home. But that “entity” belongs to you, or others designated as trustees, who “own” the entity. While the creator of the Living Trust lives, the Trust is revocable (can be changed) during his or her life. Upon the death of the creator of the Living Trust, it becomes irrevocable (cannot be changed), and probate costs and delays are avoided because the assets in the Trust automatically pass according to the dictates of the Trust. Privacy is a major attraction in setting up a Living Trust. A trust document does not become public upon the death of the trust-holder like a Will does.

Community Property (or co-ownership)

There are nine states that allow married people to purchase property, either together or individually, as community property. This basically means that each person owns 50% and each needs to write in their will how their share is to be divided when they die. It is also allowed to take title in these states as community property with rights of survivorship. The nine states that allow community property are: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.

The Sanborn Team has been selling Probate and Trust real estate for over 30 years. Please call us with any and all of your real estate questions. We are here to help! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.

Question: What is a Court Approved Sale?

Happy New Year! We hope 2012 is off to a great start for all of you. Following is a term we use often when selling Probate and Trust Properties.

Answer:
When the Executor of the estate does not have "full independent powers" the sale has to require court approval, also known as court confirmation. First an offer has to be accepted on the property and then the attorney will petition the court for confirmation of the sale. Once this petition is filed a court date is set and it usually takes place between 30-45 days after the petition is filed.

Here is the twist... At the Court Confirmation hearing, the accepted offer may be overbid by other buyers. the minimum overbid is 10% of the first $10,000.00 plus 5% of the balance up to the amount of the accepted offer.

Let the Sanborn Team take the Mystery out of selling and buying probate properties. Please visit our website at http://www.sanbornteam.com/ to learn more about it!

November California Home Sales

The Sanborn Team follows the Real Estate market very closely and we'd like to share what we know with you! According to this Data Quick report, foreclosures and short sales account for over 30% of homes sold in November. To read the report in it's entirety, please click here: Southland November Home Sales Rise; Median Price Still Below Year Ago

The Sanborn Team is here to assist you with all of your real estate needs. We have over 30 years of experience selling Probate Real Estate specifically properties that require Court Approval. Consider us a resource! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.

When is a property subject to Probate?

A: Property to which the decedent directly held title at his or her death is subject to a probate proceeding. Properties that are being sold when the person on title is under a conservatorship are also subject to the probate proceeding.

For additional information The Sanborn Team and our Probate listings, please visit our website at http://www.sanbornteam.com/

Real Estate article in today's LA Times

The Sanborn Team would like to share an interesting real estate article from today's LA Times. Per Freddie Mac, the typical rate for a 30-year loan is at 3.99%! As the article states, it's no surprise that applications to purchase homes rose after Thanksgiving to the highest level in four months. To read the article in it's entirety, please click here:

LOS ANGELES REAL ESTATE NEWS FROM MONEY & CO.

The Sanborn Team has been selling Probate and Trust real estate for over 30 years. Please call us at 310-777-2858 anytime or for more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.

No Overbidders in Probate Court!

Our probate listing at 7438 Leescott in Van Nuys was confirmed in Probate Court this past Friday. 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 other properties coming up that will be going to Probate Court for confirmation. Stand by!

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

The Sanborn Team has a Probate Property going to Court!

The Sanborn Team has a Probate property that will be confirmed in court tomorrow 12/2 at 9:00AM. What a fantastic value! This three bedroom one bath at 7438 Leescott in Van Nuys is a great starter home. Wood floors throughout most of the house. Huge backyard with tons of potential. Bring your green thumb!

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: 12/2/11
Place: Santa Monica Court House - 1725 Main Street, Santa Monica, Department A

Time: 9:00AM

First overbid Amount: $221,000

The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. We work with many 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.

California October Home Sales

The Sanborn Team follows the Real Estate market very closely and we'd like to share what we know with you! There isn't much of a change from last month's home sales and "distressed" properties still make up more than half of California's resale market. To read the article in it's entirely please click here: California October Home Sales





The Sanborn Team has been selling Probate and Trust real estate for over 30 years. We are here to help! Please call us anytime at 310-777-2858 or to view our Probate and Trust properties, please visit our website at: www.sanbornteam.com.

California September Home Sales

We were somewhat encouraged to read a DataQuick article that September home sales were up 6.7% from last September. Although we are a long way from a recovery in the real estate market, The Sanborn Team is happy to report that we continue to sell probate and trust real estate and have never been busier!

To read the DataQuick article in its entirety, please click here.

The Sanborn Team works with probate attorneys, professional fiduciaries, trustees and administrators of estates in our probate and trust real estate business. Many of our listings require court approval and we have an intimate understanding of how the probate court system works.

The Sanborn Team has more than 30 years of experience selling probate and trust real estate. Please consider us a resource! To learn more about us or to view our probate listings, please visit our website at www.sanbornteam.com or call us at 310-777-2858.

Amazing Deal on a Probate Listing in West Hollywood!

We are amazed that this one isn't already gone! It's located at 968 Larrabee St. and the list price is $199,000. Trendy and cool one bedroom, one bath condo in prime West Hollywood, just south of Sunset Boulevard. This is a light and bright corner unit close to shops, restaurants and night life. The gated complex has a pool and spa and includes secure parking. This is a probate sale that will require court confirmation.

The Sanborn Team has been selling probate and trust real estate for over 30 years. We are here to help you with any and all of your real estate needs! For more information about us and our probate listings, please visit our website at www.sanbornteam.com or give us a call at 310-777-2858.

More overbidders in Probate Court!

More excitement for The Sanborn Team in Probate Court! Our Probate listing at 212 W. 46th did not go to the original buyer but to an overbidder who was willing to pay an additional 5%. The Fiduciary representing the estate was very happy as were we. The Sanborn Team works diligently to get as much as we can for the estates we work with. Often times, the property is the Estate's biggest asset.

Our second Probate listing that was overbid in Probate Court was 735 Harper in West Hollywood. This was a hot property and priced very well for the neighborhood.

We have several properties going to Probate Court in the next couple of months. Stand by!

The Sanborn Team specializes in the sale of Probate and Trust properties. We have over 30 years of experience and understand the Probate Court system very well. For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com. We would love to hear from you!

LeParc for under $900K!

Reduced!! Elegant living in LeParc. This two bedroom, two and half bath is a front facing unit and in a great locale in the complex. Grand living room with fireplace that opens to massive terrace, great for entertaining and enjoying the outdoors. Nice size master suite with double closets also leads to terrace. Large kitchen has a dine in area and a wonderful patio to enjoy your morning coffee while overlooking lovely greenery. En suite bedroom currently used as a den/office. High ceilings throughout. Great lush surroundings and serene setting in a wonderful complex with fantastic amenities and a 24 hour guard gate.

The Sanborn Team has been selling Probate and Trust properties for over 30 years. For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com or you can always call us at 310-277-2858. We would love to hear from you!