332 BEL AIR ROAD

BEL AIR, CA 90077

Sold For

$17,650,000

WE PROVIDE REAL ESTATE SOLUTIONS FOR FIDUCIARIES

Client / Background

The lender, in second lien position, exercised its rights under The Deed of Trust because the borrower was in default. This led to the Beneficiary petitioning to the court to appoint a Receiver. Preliminary plans for a 31,000 Sq. Ft house, along with approved permits were available. The buyer pool for these types of listings, however, is narrower than that for more traditional properties.

Residential

/

31,000 SF

The Problem

The court-appointed Receiver recommended The Seymour Group as the listing agent. The Junior Lien Holder, however, preferred to be represented by their agent of choice, Jade Mills.

Our Solution

The Seymour has an incomparable history of cooperating with the entire brokerage community. It enjoys ensuring relationships with a wide array of realtors, including Jade mills. Given The Seymour Group’s industry- wide reputation for reliability and expertise, Jade Mills readily agreed to a co-listing of the property with The Seymour Group.

Our Approach

The Seymour Group builds rapport and respect with fellow Realtors. Instead of competing with Jade Mills, we collaborated with her, working together as a team, providing maximum advantage for our client.

Our Results

With the support of their preferred Brokers, both the Receiver and the Junior lien holders enjoyed the benefits that accrue to clients whose Brokers work together as co-listing agents.

Key Takeaways

1.

Sometimes the Fiduciary and the Plaintiff in a case want to use their own real estate agent.

2.

Occasionally Fiduciaries are appointed to sell properties where the parties try to direct the employment of an agent for which they have a preexisting relationship.

3.

Those agents do not always understand the nuances of court appointed real property sales.

4.

The Seymour Group creates good will 04 with the brokerage community which results in co-list opportunities which satisfies all parties.