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The Journal

The Journal

3D Printed Homes What Are They? Homelessness? Sustainability? Probate Homes?

Our goal in the CREM Group Journal is to bring you new ways to look at probate and trust properties in the greater context of the real estate market. In this post, we want to let you know about a trend that may change the way people live and buy homes. Our last blog post on Partitions in Probate Properties indicated that the recent sizzling-hot real estate market puts new pressure on the events surrounding a probate, trust, or conservatorship transaction. Bottom line: any market forces can affect probate, trust, and conservatorship properties in both the residential and commercial arenas. What is a 3D printed home? The basic idea of 3D printing is additive manufacturing. It’s a build-up of layers of a given material based on the information about a three-dimensi...

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Partitions in Probate Properties Why They Are Important Today

The CREM Group likes to keep its clients current with real estate issues that change as the market changes. Probate has not changed, but the recent sizzling-hot real estate market puts new pressure on the events surrounding a probate, trust, or conservatorship transaction. Competition for homes remains strong. According to Barron’s, “Data provided by real-estate brokerage Redfin show 43% of homes in March sold above listing price in the large metros it tracks. That’s the highest percentage since the company began collecting the data in 2012.” So how does that affect probate homes? Because as the prices of homes escalate, so do probate properties. And the beneficiaries are in a hurry to take advantage of the higher prices, of course. So how does partition relate, and what is it? W...

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Just Listed – Trust Sale – South Pasadena

Trust Sale. The CREM Group is proud to bring another real estate trust sale to the market. The property is a retail space with 3800 sqft that was built in 1926!The property currently consists of two retail storefronts and one large storage space with mezzanine level. This property is perfect for someone looking to reconfigure, renovate, and reposition and/or an owner-user. This is a trust sale. Property to be sold "as-is." Court confirmation is not required as apart of this trust sale, meaning this trust real estate sale can close much faster than a court supervised sale. Please note, we are probate and trust real estate agents and licensed attorneys as well, so probate and trust real estate sales are our speciality. For more information on this Trust sale or other trust real estate sales...

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Just Sold – Trust Sale – Griffith Park

Trust Sale. The CREM Group is proud to have closed another trust property. The property sold was a 3 bedroom, 3 bathroom 1200 sqft, it was sold "as-is." Court confirmation was not required as apart of the trust sale, meaning the trust real estate sale could close much faster than a trust sale requiring court supervision. Remember, we are probate and trust real estate agents and licensed attorneys as well, so probate and trust real estate sales are our speciality. For more information on this probate sale or other probate real estate sales in Los Angeles, Orange County, Riverside, or San Diego, please give The CREM Group a call at (323) 347-1009 or email us at info@cremgroupre.com. Trust and probate real property sales do not have to be complicated when you work with probate realtors. Plea...

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Can’t I Negotiate on a Probate Purchase? And Other Things You May Not Know About Buying Probate Properties

The CREM Group has been representing probate, conservatorship, and trust properties in California for many moons. And we sometimes forget that not everyone knows how probate transactions work. That’s a blind spot for sure. How many times in their lives do people find themselves dealing with their family’s estate going into probate? Once or twice. On the other hand, some investors discover they can pick up a probated home for a lot less money than a “regular” home for sale and resell it for a profit. Equally, families looking for a residence that might be a lower price than a traditional home might look in the probate listings. Let’s talk about some of the main differences between probate and “regular” home sales and purchases. HOW PROBATE WORKS We h...

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Just Listed – Trust Sale – Pasadena

Trust Sale. The CREM Group is proud to bring another real estate trust sale to the market. The property is a 2 bedroom, 1 bathroom home that was built in 1920! Two freestanding homes for sale in Pasadena. This property offers great income potential, to live in one and rent out the other, or keep both as rentals. Situated along a charming street and on a large lot with yard, each unit has a garage and no common walls to provide privacy and one's individual sense of home..Property to be sold "as-is." Court confirmation is not required as apart of this trust sale, meaning this trust real estate sale can close much faster than a court supervised sale. Please note, we are probate and trust real estate agents and licensed attorneys as well, so probate and trust real estate sales are our speciali...

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ARE DISCOUNT PROBATE ATTORNEYS A GOOD IDEA? What about “DIY”— Doing It Yourself?

It seems there are few places on the earth where you can’t get a better deal. Whether it’s shoes or hats, pedicures or hair-dos, you can usually find a lower price. But when it comes to a probate attorney, should you consider going with the lowest-priced person? Or are there parts of probate you can do yourself? Should you? Let’s start at the beginning and then give you some thoughts as you approach a probate event in your family. What is probate? Probate is the judicial process in which an instrument claiming to be the will of a deceased individual is proven to be authentic or not; lawful distribution of the decedent’s estate. It is the legal process of administering an estate. Its definition includes the judicially-supervised process for assembling a decedent’s assets, paying ...

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Recent Update On Eviction Moratorium In California

Do you have clients who are landlords? If so, they were probably expecting to be able to begin evictions in February 2021. However, on January 29th the California Statewide Eviction Moratorium, via Senate Bill 91, was extended through June 30, 2021. Highlights of Eviction Moratorium Extension Landlords cannot initiate eviction moratorium proceedings for non-payment of rent if the tenant meets the following: (1) The tenant completes a hardship declaration evidencing low income; AND (2) The tenant pays 25% of the missed rent, for the period of September 1, 2020 to June 30, 2021, on or before June 30, 2021. Landlords must provide notice of unpaid rent accrued from March 1, 2020 through February 1, 2021, by February 28, 2021. MAKE CERTAIN YOUR CLIENTS MEET ...

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HOMES ARE SELLING LIKE HOTCAKES

The CREM Group has seen many markets over the years. Demand has gone up and down and supply ebbs and flows as the economy chugs through its cycles. Today, we’re seeing unusually high demand and a woefully low supply… which means home prices will be going up. Part of the reason is that interest rates are still low. But also, working and living at home means people want bigger residences. All four of these forces, supply, demand, interest rates, and a thirst for bigger houses, make for a lovely market if you’re selling, but watch out if you’re a buyer! Back in our November 19, 2020 blog post, we indicated that demand would continue to be strong through 2021 as the vaccine rolled out. We said that interest rates will stay low. (We saw a rate as low as 2.125% on Bankrate.com t...

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Just Listed – Trust Sale – Vons Drive Garden Grove

Trust Sale. The CREM Group is proud to bring another real estate trust sale to the market. The property is a 2 bedroom, 3 bathroom home that was built in 1958! Cozy home with a flowing floor plan before it's gone! With stone and wood floors, French doors, track lighting, and three fireplaces, each room leads into the next, while maintaining their own private and unique features.Property to be sold "as-is." Court confirmation is not required as apart of this trust sale, meaning this trust real estate sale can close much faster than a court supervised sale. Please note, we are probate and trust real estate agents and licensed attorneys as well, so probate and trust real estate sales are our speciality. For more information on this Trust sale or other trust real estate sales in Los Angeles,...

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