real estate lake tahoe: Dramatic Increase in California Foreclosure Cancellations - 11/14/12 06:29 AM
October 2012 California foreclosure Cancellations were up 62.1 percent from the prior month, and 36.7 percent compared to last year. While this is not the first time Cancellations have spiked, this is the largest one-month increase since we started tracking foreclosures in September 2006. It seems likely that the increase is being driven by the Homeowner Bill of Rights legislation that goes into effect on January 1, 2013 and its provision to restrict the dual-tracking of foreclosures. Dual-tracking is the term applied to loans which are being considered for either a short sale or loan modification while simultaneously proceeding through the … (0 comments)

real estate lake tahoe: Thumbs up Wells Fargo for Giving Locals a Chance - 11/12/12 02:58 AM
This home just came on the market and it is owned by Wells Fargo and they are allowing primary home owners a first chance to purchase-awesome for locals! Property is sold AS-IS including any existing appliances,plumbing,heating and air conditioning and electrical systems. Offers will not be considered until seven (7) calendar days after initial listing period begins. Only offers from buyers utilizing federal funds under the (NSP) , municipalities, non-profit organizations and owner-occupants will be considered during the eight ( 8th) through the twelfth (12th) calender days after the initial listing date.

real estate lake tahoe: Jackson, Vail, Park City, Idaho-look what Tahoe has that you don’t! - 11/08/12 10:57 AM
Big old snow plows that will be visiting your neighborhood really soon-already four inches on my deck here in Al Tahoe. Storm started at 4pm and now it is almost 7-here comes winter. Thanks Mother Nature!

real estate lake tahoe: Commercial Air Service will Return to Lake Tahoe in the Future - 10/29/12 03:35 AM

Lake Tahoe Airport Gets Operating Certificate Even though the Lake Tahoe Airport has not had scheduled commercial air service for more than a decade, the City has retained the airport’s FAA-issued Part 139 Air Operating Certificate. This is required for airports serving scheduled air carrier aircraft to remain ready for the return of commercial service.

real estate lake tahoe: Lake Tahoe Log Guy Helps Preserve Old Tahoe - 10/25/12 01:42 AM
I have to give our local log guy, Larry Jackson a plug. He is such a nice guy and does top notch work whether its a complete home build from scratch or a repair to an old historic cabin. I spent some time with him yesterday and it was really neat and a great learning experience getting to see some of his recent work. He is restoring a cabin that was built in the 1930′s in Al Tahoe. The logs were rotten so he had to jack up the house, redo the entire foundation and cover it in natural rock, replace … (0 comments)

real estate lake tahoe: The residential market clearly has taken a sharp turn for the better. - 10/16/12 02:47 AM
The residential market clearly has taken a sharp turn for the better.
The year-old state NV law — everyone knows it as AB 284 — that dramatically tightens the documentation standards on foreclosures is playing a critical role in tighter inventories.
Lenders are sufficiently spooked by the law, which includes criminal penalties, that they’ve dramatically reined-in foreclosures. Statewide, notices of default to homeowners fell from 5,000 in September 2011, the last month before the law took effect, to about 600 a month later. That’s been good news for people who faced losing their home; it’s been bad news for people who … (0 comments)

real estate lake tahoe: There has been a 10% price Appreciation on the Lower End - 10/10/12 08:36 AM
MLS Stats for South Lake Tahoe for all residential including single family and condos for both the city and county Total Listings: 353Active: 224 (11 short sale and 6 REO = 7.6%) *50% less than this time last yearEscrow: 129 (37 are short sales and 10 are REO=36.4%)
The overall consensus is that the lower end market (under $300,000) has seen a 10% price bump.In the Tahoe Keys there are 875 water access homes and currently there are only 20 for sale.

real estate lake tahoe: Mortgage rates fell to new all-time record lows - 10/08/12 04:03 AM
According to a press release by Freddie Mac average fixed mortgage rates fell to new all-time record lows for the second consecutive week. See yesterday’s press release here: Mortgage Rates Hit All-time Record Lows For Second Consecutive Week
From the release…
30-year fixed-rate mortgage (FRM) averaged 3.36 percent with an average 0.6 point for the week ending October 4, 2012, down from last week when it averaged 3.40 percent. Last year at this time, the 30-year FRM averaged 3.94 percent. 15-year FRM this week averaged 2.69 percent with an average 0.5 point, down from last week when it averaged 2.73 percent. … (0 comments)

real estate lake tahoe: Median Sales Price in South Lake Tahoe Since Jan-2010 - 10/06/12 08:44 AM

real estate lake tahoe: What is the Fire Fee? - 09/26/12 04:10 AM
What is the Fire Fee?   Posted under: Market Conditions in South Lake Tahoe | September 26, 2012 11:08 AM | 1 view | No comments   Email AlertsSend to a FriendPost to FacebookPost to Twitter RSS View RSS feed close [x] What is the Fire Fee? Q. What is the Fire Fee?
On July 7, 2011 the State Responsibility Area Fire (SRA) Prevention Benefit Fee (“Fire Fee”) was signed into law. The Legislature has said that the fee is for fire prevention, not for fighting fires. The fee will help prevent fires by allowing more brush clearing and forest health … (0 comments)

real estate lake tahoe: Market Report for South Lake Tahoe as of September 25, 2012 - 09/25/12 10:24 AM
The following are for Residential (single family & condos & townhomes) located in the City and County-info from South Lake Tahoe MLS
Total Listings: 370 Active: 235 (13 short sale and 8 REO=8.9%) Escrow: 135 (40 are short sales and 7 are REO=34.3%)
The 135 escrows represent 36.5% of the total inventory in escrow. Of these 35 are ours (Chase International): listings (18) and sales (17) representing 25.9% of the Residential properties in escrow. We presently total 34 properties in escrow including all areas representing 39 transaction sides.
Breakdown by price range of the 135 escrows: Under $200,000 40 $201-$300,000 38 … (0 comments)

real estate lake tahoe: Highest Waterfront Sale so far in 2012 on all of Lake Tahoe - 09/24/12 02:44 PM
Closed on 5/31/2012 for $11 million with a asking price of $13.5 million and was located on the North Shore of Lake Tahoe in Tahoe City. The lodge style home is at the end of a long level drive surrounded by a magnificent & indigenous landscape. The setting is serene. Large glass windows look out to the lake and the beginning of the long pier just a stones throw away. The property has been lovingly maintained and offers a high land use capability and possible subdivision. Appurtenant Structures: cottage, caretakers cabin, garage, shed. Long steel pier is partly trex with boathouse … (0 comments)

real estate lake tahoe: Waterfront Open House in Zephyr Cove on Saturday - 09/21/12 05:52 AM

real estate lake tahoe: Grant to Replace Shake Roofs in the County of South Lake Tahoe - 09/20/12 04:09 AM
Don’t forget the program application deadline is December 2012Lake Valley Fire Protection District has a Hazardous Wood Roof Replacement Grant program, designed to encourage homeowners with hazardous wood roofs to replace them with a full Class A assembly, non-combustible, non-wood roof. This grant program will provide eligible, participating homeowners with a 70 percent reimbursement (with a maximum reimbursement of $6,000) for the costs of replacing an eligible wood roof. Homeowners must fill out a Participation Agreement and return the Agreement to the Lake Valley Fire District by the December 2012 deadline. This will determine whether or not the property is eligible … (0 comments)

real estate lake tahoe: Today I read that the Nat. Assoc. of Home Builders index is at Highest Level since 2006 - 09/19/12 02:40 AM
The National Association of Home Builders confidence index rose to 40 from 38 reaching its highest level since mid-2006 before the housing bust. This topped most analysts’ forecasts as housing outpaces expectations. Builders’ expectations for the future also climbed in the latest report. The news comes amidst further reports of shrinking inventories of available houses and recent increases in home prices. With recent gains in home prices, some analysts are beginning to look to rising housing wealth — peoples’ wealth in their homes — to contribute to consumer confidence and spending. (see recent story in San Francisco Chronicle)

real estate lake tahoe: Sometimes You Have to Boost About a Place even if is not Your Listing - 09/18/12 09:37 AM
Heaven on Lake Tahoe Posted on September 18, 2012 by admin This place needs a look, it is a truly one-of-a-kind waterfront Estate here in South Lake Tahoe. It is located in NV and offers: three homes, numerous cabins, private beach, large dock with boat house and views of Mt. Tallac, Heavenly, South Shore, North Shore and the East Shore. Everything one could desire!!!

Jennifer Fortune (Chase International South Tahoe Realty)

Jennifer Fortune

South Lake Tahoe, CA

More about me…

Chase International South Tahoe Realty

Address: 989 Tahoe Keys Blvd., South Lake Tahoe, CA, 96150

Mobile: (530) 318-9286

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