Sale is subject to San Mateo County court confirmation. The court date is currently scheduled for April 7, 2023, at 9:00 am. at San Mateo County Courthouse, which is located at 400 County Center, Redwood City, CA 94063. There will be a bidding process with the initial bid / offer is set at $2,462,500. The first overbid amount will need to be at least $2,586,125. Keep in mind that this is an "AS IS" sale without any representation or warranty. There are no inspection reports, or any kind of analysis performed regarding the use of the land including but not limited to zoning, environmental or any studies that may limit the use of the property. It is strongly recommended that Buyer offer to pay the sale commission. Please see attached documents for preferred forms for the bids. UPDATE: Given a requirement of the probate code is that the buyer brings Certified funds to the hearing, we wanted to memorialize that any such checks should be payable to “First American Title” or “First American Title Insurance Company”, with, in the memo line, “Escrow NCS-1055187-SC”. We may update this letter, if new information is received.
UPDATE: the court currently lists the information as follows:
Judicial Officer: Davis, III, Leland
Hearing Time: 9:00 AM
Probate Department 1
Courtroom 2H
Bidders: be aware that the court typically does not provide notice in advance of changes of rooms / judges until the day before. When an individual walks into the courthouse, consult the monitors to see where the hearing is being held just in case it has changed.
Also, view overbid sheet just added 03/30/202.
Given a requirement of the probate code is that the buyer brings Certified funds to the hearing, we wanted to memorialize that any such checks should be payable to “First American Title” or “First American Title Insurance Company”, with, in the memo line. We may update this letter, if new information is received.
