All Forum Posts by: Linda Cheng

Thanks for sharing, and may fortune smile on you, which, given your initiative and commitment will likely happen sooner, rather than later!  

Six months,  about a dozen offers, and two visits to probate court!  It was a hell of a ride.

@Karen Foster  Thank you. I do have an agent who is submitting my offer, but please do ping me if you have wholesale inventory you'd like to offload to an investor!  

@Karen Foster, The property is listed on the MLS without the auction platform.

Appreciate the awesome advice, @Rick H.!  I'm actually looking forward to receiving an education while attending the court date!  @Adam Phebus I didn't find the probate process connected with an auction group, but I will contact the agent of record.

Thanks, for your clear advice @Karen Foster.  I see that you also wholesale!  

Hello, BP Community, 

I've been watching a probate property in LA that requires court confirmation and has finally been assigned a court date. I'm considering attending the hearing and submitting an overbid in court, and was wondering if anyone has journeyed through this process and if they have any thoughts, or advice. From what I understand, I need to bring a check that equates to 10% of the overbid amount, plus additional cashier checks in varying increments to cover the 10% EMD if further overbidding continues above the first overbid amount. I'm also assuming I'll need to provide POF or Letter from Lender as well as completed Paperwork. I'd also love to find out (if anyone knows) how often overbidding takes place on a property that's listed on the MLS.

Thanks in advance for any info!

@Shannon Shue

trying to get an investor friend from Rose City (Pasadena) to participate, but he may not be down with the cross town drive.  😲

@Troy Gravett

Yes, Torrance.  Crazy, right?

@Myles Allen

Hi Myles, 

I'd like to introduce myself.  I'm based in West Los Angeles, but I'm currently looking to connect with wholesalers.  I'm specifically looking for a single family deal on the Westside, Southbay, Jefferson Park, San Fernando Valley, or San Gabriel valley. 

I can be reached through BP message.