We recently helped a client named Donna with selling her fathers Estate in Los Angeles. It was several properties that were in bad shape. A ton of remodel and termite work needed. The properties would definitely not pass any financing or any inspections. Once Donna hired us, we got to work immediately.
Her Attorney at Mansell & Mansell, was concerned that Donna wouldn't get a decent offer. We were able to find her a buyer who wasn't scared of all the work needed to bring it to a livable condition. We were also able to arrange for a custom escrow period to allow Donna to have time to find a new place to live. In addition we also helped her with a deposit on her new rental as she did not have any deposit money to move. Many sellers aren't aware that when escrow closes, that money does not go to the petitioner. It must first go to a "Trust Account" until a date can be set where the judge will allow for a final distribution. As you can see this can cause a big problem for the occupants as they will need to move out when escrow closes. Furthermore there were several non-paying tenants on the property. We advanced funds to have them all served a notice to vacate and helped Donna rid the property of all bad tenants, while avoiding breaking any of L.A.'s strict tenant laws. Thankfully we were able to close escrow and Donna is a happy camper now being able to move on with her life.
This is an example of the lengths that we go to for our clients to help them sell and close escrow on property in an estate that must go through probate in California. If you or someone you know is unsure or about to go through probate in California please call us or email us at orozcogroup1@gmail.com
