Listing is Active Effective 12/03/2020

26060 Pacific Coast Highway Malibu, California

Trustee

David Seror

Method of Sale

Offer Subject to Overbid

Sale Description

The Trustee proposes to sell the Property to proposed buyer pursuant to 11 U.S.C. §§ 363(b)(1), (f) and (i) for a purchase price of $5,595,000. The property is being sold on an “AS IS, WHERE IS” basis without any warranties, express or implied, and without any contingencies, and free and clear of all liens, claims interests, and encumbrances, with such liens, claims, interests, and encumbrances to attach to sale proceeds. Potential purchasers seeking to submit an overbid must submit offers to counsel for the Trustee and to the Trustee no later than one day before the hearing on the Motion via email directed to David Seror (dseror@bg.law), Tamar Terzian (tterzian@bg.law), and Jessica L. Bagdanov (jbagdanov@bg.law) of intent to overbid and proof of financial ability to close escrow.

The initial Overbid is: $5,695,000; Subsequent Overbid Increments are: $20,000. To qualify, overbidders must deposit $267,850 and provide proof of financial ability to close escrow. The deposit must be remitted to the Trustee no later than one day prior to the hearing, payment in the form of a cashier’s check only (no other form of payment shall be accepted) made payable to “David Seror, Chapter 7 Trustee”.

Hearing Information

February 17, 2021 at 11:30 a.m. before the
Honorable Deborah J. Saltzman
Courtroom 201 Via ZoomGov
1415 State Street
Santa Barbara, CA 93101

Contact Information

Tamar Terzian, Esq.
Jessica L. Bagdanov, Esq.
Brutzkus Gubner
21650 Oxnard Street, Suite 500
Woodland Hills, CA 91367

Telephone: (818) 827-9000
Facsimile: (818) 827-9099

Email: tterzian@bg.law
jbagdanov@bg.law

Case Details

In re: Farshad Fasihi Harandi
Case No.: 9:19-bk-10449-DS