short sale: Short Sale Condominium in Incline Village, NV - 01/07/11 12:09 PM
355 Alder was just listed by Team Soli this week.  This freestanding condominium is a great value with over 1800 sqft of living space, 4 bedrooms, 3 baths, a family room, remodeled kitchen, slate floors in entry and kitchen/dining room.
Negotiations for a short sale are already underway on this unit so we are just waiting for your offer to submit to the banks and get the ball rolling.
Would make a GREAT ski get away or vacation home too!
For more details on this unit and a full video/virtual tour go to http://355Alder.SoliRealEstate.com and check it out!
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short sale: More Foreclosures in the Market...Coming Up! - 12/20/10 06:56 AM
Currently there is a FREEZE in the air, not only in our weather, but in foreclosures with some of the major lenders...Fannie Mae, Freddie MAc, Chase, Wells Fargo and more.  During this freeze if you are under water on your home, now is a good time to be speaking with a professional about how to short sale your home so you do not lose it to foreclosure.  This is the most recent update on foreclosures and distressed properties in Incline Village and Crystal Bay, Nevada...
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short sale: Incline Village Distressed Properties - 03/15/09 04:28 PM
Yes, Incline Village has distressed properties and lots of them.  Nationwide statistics show that 1 in every 7 homes is in a distressed situation across the country.  Short Sales, Foreclosures and additional properties going into default range anywhere from just under $200K to over $2Million (no one seems to be immune).
New this week are the following:
NEW Notice of Sale: 
820 Oriole Way - Royal Pines #84- NOTICE OF SALE on 4/1/09
225 Allen Way- NOTICE OF SALE on 4/1/09
NEW Notice Of Default:
1000 Lakeshore #12
To view the entire list of foreclosures, bank owned properties, properties going to sale … (0 comments)

short sale: You'll Have to Cut Your Commission No Longer... - 03/03/09 04:04 AM
Fannie Mae PROHIBITS Short Sale Commission Negotiation by Lenders
Until just recently many banks were coming back in the middle of a short sale transaction and asking the agents to cut their commission.  Go figure...work harder and get paid less what a concept.  Well now Fannie Mae has announced that approval of short sales on Fannie Mae-backed loans may not be conditioned upon the listing broker accepting a lowered commission provided the total commission does not exceed 6 %. Now we can do our job AND get paid for it!  What a concept...
Perhaps more lenders should follow suit and truly understand … (7 comments)

short sale: The NOD BLOG February 16, 2009 - 02/16/09 10:17 AM
The Notice of Default list is updated with a few new properties.  According to a forecast a the 'CRS Sellabration Event' in San Francisco last week, foreclosure will start to decline (nationally) as Short Sales pick up and Foreclosures will probably be back with a vengeance in 2011.  For now banks are trying to work with sellers to either do loan modifications or sell in a short sale.  The banks are quickly beginning to realize that they do not want to be in the Real Estate business.
The following properties just hit the NOD list:
1308 St. Gallen Ct. - Bank … (0 comments)

short sale: Inside the Incline MLS Week of 2/9-2/15 2009 - 02/16/09 03:50 AM
The snow is finally starting to fly although we feel as if we are in the 'banana belt' with West Shore and Truckee getting most of the snowfall and here in Incline...most of the cold weather, but little snow.
As far as real estate goes, we are consistent and still a bit slow on the activity.  There were a total of 9 new listings 3 Condos, 1 PUD and 5 SFRs.  The New PUD on the list is 1372 Tirol.  This freestanding condo was on the market previously at a much higher price.  It started a few years back at $1.3 … (0 comments)

short sale: Short Sale...You Mean a L O N G Sale??? - 02/12/09 03:28 AM
Short Sale??? You mean a LONG Sale...A short sale is the sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property being sold. In a short sale, the lender agrees to discount or forgive the loan balance due to an economic or financial hardship on the part of the seller or mortgagor. It is far from a short process and most people think this means that the escrow is closing in a short period of time. Not the case. A short sale takes a lot of hand … (4 comments)