Listing is Active Effective 05/17/2019

Estate’s interest in real property consisting of a Single Family Residence located at 4 Emerald Bay, Laguna Beach, California 92651

Trustee

Nancy Zamora

Method of Sale

Offer Subject to Overbid

Auction

Sale Description

The Trustee proposes to sell the Property to proposed buyer pursuant to 11 U.S.C. §§ 363(b)(1) and (f), free and clear of liens, interests, claims, and encumbrances, for a purchase price of $6,800,000. The property is being sold on an “AS IS, WHERE IS” basis without any warranties, express or implied, and without any contingencies. Potential purchasers seeking to submit an overbid must submit offers to counsel for the Trustee and Trustee no later than 2 days before the hearing on the Motion via email directed to Nancy Zamora (zamora3@aol.com), Jorge Gaitan (jgaitan@bg.law), and David Seror (dseror@bg.law) of intent to overbid no later than 2 days before the hearing on the Motion.

The initial Overbid is: $100,000; Subsequent Overbid Increments are: $50,000. To qualify, Overbidders must deposit: $300,000. Payment in the form of a cashier’s check or money order (no other form of payment shall be accepted) shall be made payable to A & A Escrow in the amount of Three Hundred Thousand Dollars ($300,000).

Hearing Information

Auction:
May 29, 2019 at 11:00 a.m. before the
Honorable Martin R. Barash
Courtroom 303
21041 Burbank Blvd.
Woodland Hills, CA 91367

Contact Information

David Seror, Counsel for Nancy Zamora, Chapter 7 Trustee

David Seror, Esq.
Jorge A. Gaitan, Esq.
Brutzkus Gubner
21650 Oxnard Street, Suite 500
Woodland Hills, CA 91367
(818) 827-9000 — Telephone
(818) 827-9099 — Facsimile
Email: dseror@bg.law
Email: jgaitan@bg.law

 

Case Details

Case Name:  In re Besorat Investments, Inc.

Case Number:  1:19-bk-10202-MB