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Posted by: Bruce & Sandy Soli | December 27, 2011

Incline Village Real Estate Foreclosure & Distressed Property Update

There does not seem to be much of an end in sight for distressed properties and Foreclosures in our market, although our Real Estate Market in Incline Village is not REO (Real Estate Owned or Bank Owned) driven.  We have our fair share of distressed properties and that does not seem to be declining, especially in light of the Real Estate Market today, but the number of REO properties on the market has always been lower than our surrounding areas and especially that of Reno, NV and Las Vegas, NV.  Short Sales seem to be more popular in our area and agents in our area are getting them done.  Just this week we closed on 1311 Moritz, Incline Village, NV after 1.5 years on the market and in and out of escrow 3 times, this distraught property has moved on from the Seller to a very joyous Buyer.  The deals are out there, but make sure you are working with a CDPE (certified Distressed Property Expert) who has been certified and understand the process from both the Selling and Buying Sides of the Transaction.  Your agent MUST know how to work these deals to your benefit so that you can go through a smoother and more joyful process with the end goal resulting.

The latest update on Foreclosures and Distressed Properties in our market is here.  To view all of the distressed inventory, visit us at http://www.solirealestate.com/foreclosuresandshortsales.html .

CANCELLATION OF DEFAULT (Removed from list)

120 Juanita- Northshore Est. #21, APN 127-310-21, TS#140877NV, Rec. 11/29/11

945 Harold – Chateau Condos #7, APN 131-170-04, TS#NV090006280-10-1, Rec. 12/1/11

SOLD (Removed from list)

801 Tahoe Blvd. #3, APN 132-270-03, Rec. 12/13/11, USBC c/o Wells Fargo, 3476 Stateview Blvd., MAC#X7801-013, Fort Mill, SC 29715 – Sold for $196,350

887 S. Dyer, APN 124-083-33, Rec. 12/9/11, US Bank Nat’l, 3476 Stateview Blvd., MAC#X7801-013, Fort Mill, SC 29715 – Sold for $380,000

400 Fairview – Bitterbrush #120APN 126-295-12, Rec. 12/13/11, Bank of New York Mellon, c/o Recontrust Co., 400 National Way, Simi Valley, CA 93065 – Sold for $327,600

200 Village Blvd. #3, APN 132-591-04, Rec. 12/7/11, GMAC Mortgage Corp., 1100 Virginia Dr., Fort Washington, PA 19034 – Sold for $512,000

866 Northwood – Northwood Est. #31, APN 124-340-31, Rec. 12/2/11 – Sold for $225,000

861 Southwood – High Sierra #20, APN 127-250-02, TS#11-02348-3 NV, Rec. 11/22/11 – Sold at Trustee’s Sale for $196,500

756 Joyce, APN 122-202-20, TS#10-08-10014-NV, Rec. 12/13/11 – Sold at Trustee’s Sale for $570,100

NEW NOTICES OF SALE:

978 Glenrock #52, APN 131-021-17, TS#NV-11-463721-CT, NOD Rec. 8/19/11- TRUSTEES SALE SCHEDULED ON FRI. 12/30/11 AT 11AM

989 Tahoe Blvd – Tahoe Racquet Club #67, APN 127-362-27, TS#3958 & 11-40656-WF-NV, NOD Rec. 8/12/09 & 4/25/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/19/12 AT 11AM

771 Randall, APN 125-253-07, TS#10-32338-WA-NV, NOD Rec. 3/30/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/12/12 AT 11AM

968 Granite Ct., APN 128-060-08, TS#11-40523-WF-NV, NOD Rec. 3/10/11 – TRUSTEES SALE SCHEDULED ON THURS. 1/12/12 AT 11AM

853 McCourry,  APN 124-810-08, TS#11-0012901, NOD Rec. 2/22/11 – TRUSTEES SALE SCHEDULED ON WED. 1/11/12 AT 11AM

903 Jennifer, APN 125-361-04, TS#11-40199-WF-NV, NOD Rec. 2/2/11 – TRUSTEES SALE POSTPONED UNTIL FRI. 1/6/12 AT 11AM

780 Geraldine, APN 125-244-36, TS#143550NV, NOD Rec. 11/15/10 – TRUSTEES SALE  ON 12/13/11 CANCELLED

830 Oriole – White Pines Condo #16, APN 132-251-16, TS#8/9/5554, TS#10-06-7158-NV, NOD Rec. 11/6/08,  4/8/10, & 7/8/10, Bank & HOA – TRUSTEE’S SALE POSTPONED UNTIL  WED. 2/8/12  AT 11AM

807 Alder – Woodstock #16, APN 132-042-07, TS#NV09003315-10-1, NOD Rec. 6/30/10 – TRUSTEE’S SALE SCHEDULED ON WED. 1/11/12 AT 11AM

106 Slott Peak, APN 122-193-32, TS#10-31086-FF-NV, NOD Rec. 4/9/10 – TRUSTEES SALE POSTPONED UNTIL TUES. 1/10/12 AT 11AM


Responses

  1. […] There does not seem to be much of an end in sight for distressed properties and Foreclosures in our market, although our Real Estate Market in Incline Village is not REO (Real Estate Owned or Bank Owned) driven.  We have our fair share of distressed properties and that does not seem to be declining, especially in light of the Real Estate Market today, but the number of REO properties on the market…Read more… […]


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