At this time, we do not have a distribution list of real property. We are currently working on a website that will eventually have that list.
In the meantime, we ask that you scrape the Pacer system to locate properties that may interest you.
A bid must be submitted prior to the 341 Meeting of Creditors so it can be discussed with the debtor and debtor’s attorney. We are only allowed to administer real properties that are un-exempt.
If debtor’s intention is to keep the real property, but have not claimed homestead, the debtor will have the opportunity to amend the exemption schedule to claim the homestead exemption.
This is the reason why we need to be aware of the offer prior to the 341 Meeting.
The initial bid minimum is $4,000.00.
Once the bid is accepted and the money has been received by our office, a notice of intent to sell will be filed.
You will be responsible for drafting the Notice of Intention to Sell in Microsoft Word (a template can be provided to you) and forwarding it to our office in Word.
Once the Notice is filed with the court, I will let you know when the 21 day time frame will expire.
It will be your responsibility to prepare the Trustee’s Deed and submit it to me after the expiration of the 21 days for the Trustee to sign.
If 2 or more bids are received on the same real property, a telephonic auction will be held.
Lastly, an estate tax return will need to be prepared as a result of selling the real estate.
The fee for the accountant is $320.00 which will be collected on top of your bid price.
This fee is due upon bid acceptance.
Please let me know if you have any questions. We look forward to working with you.
trustee at trusteepatton dot com