347 Rimrock Road, Thousand Oaks, CA 91361 - Ventura County

Unusual property that can house multi-generational families. There is an elevator that is not working, and huge rooms. Huge two story entry. There is a large family room, formal dining room. Upstairs there are secondary bedrooms and there is a staircase leading downstairs to more bedrooms and baths. Huge garage. Guest house with one bedroom. Great views.IMPORTANT NOTE: While the property was on 'Hold' status in MLS an unsolicited offer was received from another Broker on the property which was provided to the Bankruptcy Trustee which was negotiated. The Trustee provided specific instructions to Broker to place this property into MLS 9/6/2021 to solicit OVERBID offers. This property is being sold by the appointed Trustee in a bankruptcy case No. 9:19-BK-12036-DS. The property needs work and potential buyers need to provide registration with verification of ability to purchase without the sale of another home. Only buyers who can show proof of pre-approval and enough cash to close escrow may tour the home. The Sale is expressly subject to Bankruptcy Court approval in the Debtors' bankruptcy case. As soon as reasonably practical following expiration of the Due Diligence Deadline without Buyer's submission of a Notice to Cancel, the Seller shall file a motion to, approve the Sale with the Bankruptcy Court pursuant to section 363 of the United States Bankruptcy Code (11 U.S.C. 363) (the 'Approval Motion'). As part of such motion, the Seller shall request a finding of the Buyer's 'good faith' in accordance with section 363(m) of the Bankruptcy Code. The Sale is subject to notice to creditors and other parties and shall be subject to higher and better bid through and including the hearing on the Approval Motion, pursuant to sale and overbid procedures determined in the Seller's sole discretion and subject to Bankruptcy Court approval.Court date will be October 12, 2021, at 11:30 a.m.Court date will be October 12, 2021, at 11:30 a.m.