Listing is Active Effective 05/17/2019

Sale of Bankruptcy Estate’s interest in real property consisting of a single family residence located at 1020 E. Providencia Avenue, Burbank, CA 91501

Trustee

David Seror

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 $1,345,000. 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 David Seror (dseror@bg.law), Jorge Gaitan (jgaitan@bg.law), and Richard Burstein (rburstein@bg.law) of intent to overbid no later than 2 days before the hearing on the Motion.

The initial Overbid is: $50,000; Subsequent Overbid Increments are: $20,000. To qualify, Overbidders must deposit: $40,500. The deposit must be remitted to the Trustee at or prior to the hearing, payment in the form of a cashier’s check only (no other form of payment shall be accepted) made payable to “David Seror, Chapter 7 Trustee.”

Hearing Information

Auction:

June 5, 2019 at 10:00 a.m. before the
Honorable Maureen Tighe
Courtroom 302
21041 Burbank Blvd.
Woodland Hills, CA 91367

Contact Information

Richard Burstein, Counsel for David Seror, Chapter 7 Trustee

Richard Burstein, 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: rburstein@bg.law
Email: jgaitan@bg.law

 

Case Details

Case Name:  In re Alliance Funding Group, Inc.

Case Number:  1:17-11888-MT