Bid In Open Court On Sale Of Real Property {PRO-009}

PRO 009 - BID IN OPEN COURT ON SALE OF REAL PROPERTY. This is a Los Angeles County Superior Court probate form used when a bidder makes an increased offer for real property during a court-confirmed probate sale. Filed in estate proceedings, the bidder must offer an amount that exceeds the original sale price by at least 10% of the first $10,000 and 5% of the remaining balance, as required by Probate Code § 10311. The form identifies the property, purchase terms, purchaser’s name, vesting of title, and the real estate agent entitled to commission. The bid is subject to court confirmation and must be filed with the clerk after approval. Probate Code § 10311. www.FormsWorkflow.com