Banks Beginning Pick up Pace on Foreclosures in South Lake Tahoe

May 15, 2010

I have noticed that Bank of America and Wells Fargo/Wachovia have really started to pick up the pace on listing their forclosure inventory of South Lake Tahoe Homes. Some of the agents I’ve talked to that represent these banks are listing a couple of homes per week. If you are patient and working with an agent that watches the new listings or even better knows the agents that represent some to the bigger banks you should be able to find the perfect well priced bank owned home in South Lake Tahoe this summer. Know what you want and be ready to put in an offer as soon as the right house hits the market. I’ve said over and over again……if a well priced bank owned home in good condition hits the market you have about a week to put in an offer…….and summer hasn’t even come Tahoe yet.

New Listing today:

3 bedroom, 2.5 bath, 2270 sq. ft. of living space built in 1998. Attractive cedar wrapped home in forested neighborhood with mtn. views and close to everything. Priced to move at 479,900. That is just $211.00 per sq. ft. You can’t build for that price! Perfect vacation or permanent home. Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.

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