HOW THIS AUCTION WORKS

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The following probate sales are now "Subject to Court Confirmation" and Overbid at the Court Hearing. If interested, you you are required to BRING A CASHIER'S CHECK IN THE AMOUNT OF 10% OF THE 1ST MINIMUM OVERBID, MADE PAYABLE TO THE SPECIFIC "ESTATE NAME" OF THE PROPERTY IN WHICH YOU ARE INTERESTED IN OVERBIDDING ON AT THE COURT HEARING. In addition, if there are any overbids in excess of the 1st bid, you must provide a personal or business check for the balance of the required 10% deposit. The first minimum overbid amounts are listed below. Property is offered "as-is". No financing contingencies. No Sale prior to court date. All other Terms and Conditions will still apply. CASH SALE.

The purchase contract will require completion of the purchase as follows.

  • A 45 day escrow shall be opened after the court hearing, by the seller at a company of seller’s choice. In the event that the 45 day escrow period has elapsed, and the Escrow Holder is in possession of the “Order Confirming Sale”, and the Buyer is not in a position to close escrow, the Buyer will be charged an additional $200 per day “Hold Open” fee until the close of escrow. Should the buyer default on this sale, the procedures and remedies set forth in Probate Code Section 10350 shall apply, and the buyer may lose his/her deposit and be subject to additional damages. 
  • Bidder’s deposit will be applied to the purchase price. Balance of the purchase price to be “All CASH”. THE BUYER MAY OBTAIN A LOAN, HOWEVER THERE ARE NO FINANCING CONTINGENCIES. 
  • Seller will furnish a title policy through a title company of seller’s choice in escrow at seller’s expense. 
  • Taxes, rents, fire insurance and interest on encumbrances, if any will be prorated to close of escrow. 
  • Escrow fees will be shared one half by seller, one half by buyer, each to pay own fees.  Buyer to pay for and secure a (9A) Residential Property Report and a (NHD) Natural Hazard Disclosure Statement in escrow. 
  • Sales will be subject to the rights of tenants-in-possession, if any. 

LA PUBLIC ADMINISTRATOR AUCTION

March 18th, 2017
STATUS: Active

The following probate sales are now "Subject to Court Confirmation" and Overbid at the Court Hearing. If interested, you you are required to BRING A CASHIER'S CHECK IN THE AMOUNT OF 10% OF THE 1ST MINIMUM OVERBID, MADE PAYABLE TO THE SPECIFIC "ESTATE NAME" OF THE PROPERTY IN WHICH YOU ARE INTERESTED IN OVERBIDDING ON AT THE COURT HEARING. In addition, if there are any overbids in excess of the 1st bid, you must provide a personal or business check for the balance of the required 10% deposit. The first minimum overbid amounts are listed below. Property is offered "as-is". No financing contingencies. No Sale prior to court date. All other Terms and Conditions will still apply. CASH SALE.

The purchase contract will require completion of the purchase as follows.

  • A 45 day escrow shall be opened after the court hearing, by the seller at a company of seller’s choice. In the event that the 45 day escrow period has elapsed, and the Escrow Holder is in possession of the “Order Confirming Sale”, and the Buyer is not in a position to close escrow, the Buyer will be charged an additional $200 per day “Hold Open” fee until the close of escrow. Should the buyer default on this sale, the procedures and remedies set forth in Probate Code Section 10350 shall apply, and the buyer may lose his/her deposit and be subject to additional damages. 
  • Bidder’s deposit will be applied to the purchase price. Balance of the purchase price to be “All CASH”. THE BUYER MAY OBTAIN A LOAN, HOWEVER THERE ARE NO FINANCING CONTINGENCIES. 
  • Seller will furnish a title policy through a title company of seller’s choice in escrow at seller’s expense. 
  • Taxes, rents, fire insurance and interest on encumbrances, if any will be prorated to close of escrow. 
  • Escrow fees will be shared one half by seller, one half by buyer, each to pay own fees.  Buyer to pay for and secure a (9A) Residential Property Report and a (NHD) Natural Hazard Disclosure Statement in escrow. 
  • Sales will be subject to the rights of tenants-in-possession, if any.