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Matt Casey
  • Real Estate Agent
  • Troy, NY
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LA COUNTY PROBATE - COURT APPROVAL

Matt Casey
  • Real Estate Agent
  • Troy, NY
Posted Oct 23 2018, 10:24

Hi BP community, 

I am going to a probate overbid situation in LA County and am curious to hear from others regarding the process.  I have read a few threads regarding this process but I am looking for more details from someone who has successfully purchased a property this way.  

The following documents that I will need are:

1) Probate Form - Bid in open Court on Sale of Real Property PRO009; 

2) 10% of the overbid amount in cashier check; 

3) Checks for further overbidding / Proof of Funds (i.e., bank statements, etc.);

4) Verification of LLC

Also, it says a Fincen form will need to be completed in court by all buyers? I'm not sure what that is?  Is there anything else I need to be be prepared?

Appreciate any of your insights!! 

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