Truckee Short Sales & REOs
A short sale means that the property is being sold for less than the balance of what is owed on the property. An REO (Real Estate Owned) is a property that has already been through the foreclosure process and is in possession of the bank. Click on the links below to see current short sales and REOs in the Truckee area.
Alpine Meadows/Squaw Short Sales
Donner Lake Short Sales & REOs
Tahoe Donner Short Sales & REOs
West Shore Lake Tahoe Short Sales & REOs
Tahoe Donner Weekly Market Update
There was quite a bit of action with home sales in Tahoe Donner this past week. 3 homes and 2 condos went pending. Of the homes that went pending, 1 was listed for $599K, one for $899K, and the other for $1.695 mil. 1 home was listed as a short sale. There are now a total of 20 Tahoe Donner homes under contract! 3 homes sold during the week of February 8-14, 2009. The average list to sales price was 90% and the homes were listed for an average of 121 days. 15 new homes and 2 condos came on the market this week. There is now a total of 136 active single family homes in Tahoe Donner. The absorption rate is currently 15% and there is almost 7 months of inventory still listed. Click on the links for current listed Short Sales in Tahoe Donner and Tahoe Donner REOs.
Tahoe Donner Short Sale Properties
Here is a link to properties in Tahoe Donner that are being sold as short sales. A short sale is when the property is being sold for less than is owed. The lender or bank agrees to forgive the difference in the debt and is in turn “shorted.” Click on the link below to see more details about the short sales in Tahoe Donner.
Truckee REO Properties
[SinglePic not found] Here is a link to current listings in the Truckee area that have gone through the foreclosure process. These properties are REOs (Real Estate Owned) and they are in possession of the bank. Click on the link to see more details about the properties.
Current Active Short Sales in Truckee
Although Truckee has not been hit too hard with short sales, there are still a few in the area. A short sale is a property that is being sold for less than is owed. The lender agrees to accept less than is owed for the sale. Short sales are often a better route for both the seller and the lender. Click on the link for a list of current active short sales in Truckee.
