Foreclosures in South Lake Tahoe

The latest development in the South Lake Tahoe real estate market is the slew of foreclosure properties that have recently been listed, specifically in the higher price bands. For a few months, lower-price homes have steadily made their way onto the MLS. However, higher priced homes are now being foreclosed upon as well. These properties are being sold at incredible prices. Why? Because the banks who own these homes consider them unproductive assets. They look bad sitting on their books. Thus, the... Read more »