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Incline Village Real Estate Update June 5th, 2010

Jun 5th, 2010 by admin

 Market Update
The ultra luxury market is heating up.  There have been 4 closed sales with 3 of these selling over $11 million, and there are currently 3 pending sales with a listing price at $4.5 or higher.
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Is this the harbinger of a new bull market in real estate?  Hard to say from only a few sales; however, it certainly is one more indication that our market is in the early stages of a recovery.
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The last upward cycle in real estate prices in Incline Village began in 1997 and peaked in May 2006.  At that time, it was the return of confidence by wealthy investors that pulled the market out of the doldrums. Â
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You can wait a year or two for confirmation of the new bull market in real estate; however, in our opinion, prices may be substantially higher at that time.
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If you are you ready to buy now, please allow us to help you find the perfect property to meet your needs and suit your budget. Â
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Have a wonderful week!

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Short Sales vs. REO Properties - What’s the difference?

Oct 16th, 2009 by carolemadrid

With the growing number of short sale and REO properties coming onto the
market, it is important to know the difference between the two.

Short Sales

Short sale is the process a homeowner attempts to go through to prevent
foreclosure.  They ask the lender to forgive the debt since they are selling
the property for less than what is owed.  The sale is contingent upon
approval by the lender. There is no guarantee that the bank will accept a
short sale even if the buyer offers the full list price.

In these situations, the seller still owns the property.  When purchasing a
short sale, you normally have to accept the property in ‘As Is’ condition.
You are still allowed to ask for a home inspection period, termite
inspection, and survey like a normal transaction.

Click here to view a list of short sales & foreclosures in Incline Village

REO - Real Estate Owned

REO stands for Real Estate Owned.  These are properties that have already
been foreclosed on, so the bank is now the owner/seller.  The bank now wants
to sell the property hoping for fair market value.

The approval process is much quicker than the short sale process, only
taking 1 to 2 days for a response from the bank.  The property will be sold
in “As Is” condition, and a Seller’s Disclosure will not be provided by the
bank.  You are still allowed to ask for a home inspection period, termite
inspection, and survey like a normal transaction.
We have a number of bank owned listings.  Please call or e-mail us if you
are interested in finding out more about our REO listings.

Contact Carole Madrid @ 775.848.6242 or carole@inclinevillagenonow.com for
more information.

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Updated Foreclosure/Short Sale List - Incline Village, Nevada - October 2009

Oct 4th, 2009 by carolemadrid

Foreclosure & Short Sale List for Incline Village–   Call Carole Madrid @ 775.848.6242 for further info or e-mail @ carole@inclinevillagenow.com

Here is a list of Bank owned properties in Incline Village:

978 Glenrock #11, APN 131-021-11, Rec. 9/1/09, HSBC Mortgage, 2929 Walden, Depew, NV 14043

648 Martis Peak Rd., APN 122-192-06, Rec. 8/28/09, Thormburg Mortgage Home Loans FSB, 425 Phillips Blvd., Ewing, NJ 08618

929 Southwood – Tahoe Sierra Pines #5, APN 127-490-08, Rec. 8/28/09, JP Morgan/Chase Bank, 7255 Baymeadows Way, Jacksonville, FL 32256

759 Pinion Pine, APN 129-292-21, Rec. 8/26/09, Wells Fargo Bank, 3476 Stateview Blvd., Fort Mills, SC 29715

123 Juanita – Forest Pines 1-72, APN 127-300-05, Rec. 8/18/09, Wells Fargo Bank, 475 Grosspoint Pkwy., Getzville, NY 14068

120 Country Club – Village at Incline #58, APN 130-180-58, Rec. 7/31/09, HSBC Bank Sarm 2005-18 Tr., Address N/A

949 Apollo, APN 125-412-05, Rec. 8/7/09, Bank of New York, c/o 400 Countrywide Way, Simi Valley, CA 93065

996 Third Green Ct., APN 131-250-18, Rec. 8/5/09, Chevy Chase Bank, 6151 Chevy Chase Dr., Laurel, MD 20707-2918

816 O’Neil, APN 124-063-11, Rec. 7/27/09, Bank of New York, 400 Countrywide Way, SV-35, Simi Valley, CA 93065

852 Donna, APN 124-083-25, Rec. 7/10/09, Bank of America, 3476 Stateview Blvd., Fort Mill, NC 29715

574 Chico Ct., APN 125-564-13, Rec. 6/19/09, M&I Bank FSB, 770 N. Water St., Milwaukee, WI 53202

321 Ski Way - Mt. Shadows #68, APN 126-110-10, Rec. 6/17/09, Federal National Mortgage Assoc. FNMA c/o Countrywide Home Loans, 400 Countrywide Way, Simi Valley, CA 93065

590 N. Dyer, APN 124-085-09, Rec. 5/26/09, HSBC Bank USA, Nat’l Assoc., 3476 State View, MAC #X7801-013, Ft. Mill, SC 29715

634 Village Blvd., APN 131-013-18, Rec. 5/26/09, JP Morgan/Chase Bank, 7255 Baymeadows Way, Jacksonville, FL 32256

637 Woodridge Circle, APN 122-052-13, Rec. 5/21/09, Bank of New York, c/o BAC Home Loans Financing, 400 Countrywide Way, SV-35, Simi Valley, CA 93065

820 Oriole Way - Royal Pines #84, APN-132-252-42, Rec.5/14/09, Aurora Loan Services, 327 S. Inverness Dr., Eaglewood, CO 80112

225 Allen Way, APN 122-195-10, Rec. 5/13, Aurora Loan Services, 327 S. Inverness Dr., Eaglewood, CO 80112

648 2nd Creek Dr., APN 125-463-06, Rec. 4/10/09, HSBC Bank, 2929 Walden, Depaw, NY 14043

737 James Lane, APN 122-194-10, Rec. 12/5/08, Deutsche Bank as trustee for RALI 2007QA1, c/o GMAC, 1100 Virginia Ave., Fort Washington, PA 19034

1043 Tomahawk Tr., APN 130-081-13, Rec.12/4/08, Federal National Mortgage Assoc. FNMA c/o Countrywide Home Loans, 400 Countrywide Way SV-35, Simi Valley, CA 93065

941 Dorcey Dr., APN 125-161-11, Rec. 11/12/08, Morgan Stanley c/o Option One Mortgage, 6501 Irvine Center Dr., Irvine, CA 92618

928 Wendy Lane – Country Club Ct. #3, APN 131-340-03, Rec. 10/27/08, Federal National Mortgage Assoc. FNMA c/o Countrywide Home Loans, 400 Countrywide Way, SV-35, Simi Valley, CA 93065

702 College Dr. – Incline Crest #76, APN 129-270-14, Deutsche Bank, 1610 E. St. Andrew Pl #b150, Santa Ana, CA 92705

825 Southwood Blvd - Southwood Pines #11, APN 127-110-11, Rec. 7/15/08, Bank of America, 4161 Piedmont Pkwy, Greensboro, NC 27410

806 Oriole - Village Court #6, APN 132-290-06 His Asset Series 2006-Opt1, Wells Fargo Bank, 6501 Irvine Center Dr., Irvine, CA 92618, (949) 790-3600

928 Wendy Lane – Country Club Ct. #1., APN 131-340-01, Fremont Investment & Loan, 3110 E. Guasti Rd. #500, Ontario, CA 91761

Pre-foreclosures

Recorded in September 2009

590 Lakeshore, APN 122-128-16, Rec. 9/4/09, 590 Lakeshore Partners LLC, POB 7526, IV 89452

719 Joyce Lane, APN 122-201-03, Rec. 9/4/09, Robert Lyons, POB 3762, IV 89450

170 Village – McCloud #13, APN 127-072-05, Rec, 9/4/09, Carol Bruno, POB 6104, IV 89450

977 Dorcey, APN 125-173-18, Rec 9/4/09, George & Gretchen McCabe, POB 8932, IV 89452

136 Juanita Dr. – Coeur du Lac #47, APN 127-320-47, Rec 9/3/09, Daniel-Ray Carothers, 3620 Sunrise, Martinez, CA 94553

870 Southwood – Southwood Court #6, APN 132-410-06, Rec 9/2/09, Bob & Sue Barrow, POB 2727, McCall, ID 83638

321 Ski Way – Mtn. Shadows #214, APN 126-152-20, Rec 9/1/09, David & Susan Vasheresse, 1113 Rainier Ave., Pacifica, CA 94044

837 Southwood – Creekside West #19, APN 127-120-19, Rec 9/1/09, Holly Alba, POB 1757, Crystal Bay, NV 89402

Recorded in August 2009

920 Wendy APN 131-410-01, Rec. 8/28/09, Carol Bruno, POB 6104, IV 89450

State Route 28, Crystal Bay (lot), APN 123-250-08, Rec. 8/27/09, Denio Family Trust, 453 Lakeshore, IV 89451

422 Gonowabie, Crystal Bay, APN 123-145-13, Rec. 8/25/09, Daniel & Lynn Duc, 14107 Winchester Blvd., Los Gatos, CA 95032

621 Tumbleweed, APN 125-521-04, Rec. 8/18/09, Ryan & Cydney Mitchell, 590 Lakeshore, IV 89451

581 Sugarpine, APN 122-124-08, Rec. 8/14/09, Pelczarski Family, 774 Mays, Ste. 10, PMB 139, IV 89451

914 Wendy Ln., #2, APN 131-310-02, Rec. 8/14/09, Stacy Ferguson, 914 Wendy Ln., #2, IV 89451

989 Tahoe Blvd - Tahoe Racquet Club #67, APN 127-362-27, Rec. 8/12/09, Chris Windsor, 271 Los Gatos Blvd., Los Gatos, CA 95030

1555 Pine Cone Circle, APN 130-241-61, Rec. 8/11/09, David & Claudia Thompson, 1555 Pine Cone Circle, IV, NV 89451

1312 St. Gallen, APN 126-522-02, Rec. 8/11/09, Albert Ohara, 1965 Curtner Ave., San Jose, CA 95124

866 Northwood – Northwood Estates #26, APN 124-340-26, Rec. 8/10/09, Ramon & Jennifer Alvarez, 892 Jensen Ln., Windsor, CA 95492

Recorded in July 2009

945 Harold Dr. – Chateau Apt. #6, APN 131-170-13, Rec 7/27/09, Richard Walman, POB 124, Crystal Bay, NV 89402

330 Ski Way – Alpine Terrace #1, APN 130-061-01, Rec. 7/27/09, Agnieszka Walentynowicz, 330 Ski Way, IV 89451

28 Somers Loop, APN 123-033-13, Rec 7/27/09, Shahri Masters, 892 S. Dyer Circle, IV 89451

719 James Ln., APN 122-194-06, Rec. 7/23/09, Victoria Keady, 719 James Ln., IV 89451

692 Palmer Ct., APN 128-310-02, Rec. 7/23/09, Jill Pfitzer, 7345 Franktown Rd., Washoe Valley, NV 89704

400 Fairview – Bitterbrush #113, APN 126-294-10, Rec. 7/22/09, Cynthia Brooks, POB 4915, IV 89450

377 Second Tee, APN 131-234-06, Rec. 7/21/09, Cooper & Laura Brown, 930 Tahoe Bl. #802, IV 89451

1081 Tiller, APN 130-201-19, Rec. 7/20/09, David & Susanne Scafani, 49 Presidio Dr., Novato, CA 94949

300 Northlake Circle, Crystal Bay, NV, APN 123-161-11, Rec. 7/17/09, Donald & Shirley Zeleznak, 10168 E. Bayview Dr, Scottsdale, AZ 85258

321 Ski Way – Mtn. Shadows #18, APN 126-090-18, Rec. 7/17/09, Nancy Gatwood, 1801 Willow, San Jose, CA 95125

440 Mountain Lake Ct., APN 131-226-12, Rec. 7/16/09, Daniel & Deborah Stakich, 14463 Dove Rd., Grass Valley, CA 95949

803 Jennifer, APN 125-192-12, Rec. 7/15/09, Michael Allen, POB 3148, IV 89450

425 Pahute, APN 123-143-11, Rec. 7/15/09, Glenn Martin, POB 171, Crystal Bay, NV 89402

321 Ski Way – Mtn. Shadows #134, 126-142-16, Rec. 7/9/09, Macool LLC/Alexander Smith, POB 263, Crystal Bay, NV 89402

910 Harold, APN 131-121-35, Rec. 7/2/09, Jeffrey & Elaine Hershkowitz, POB 6847, IV 89450

801 Northwood – Incline Manor #4 , APN 132-030-04, Rec. 7/2/09 & 5/20/09, Cheryl J. Petrovich, 395 Carroll St., Sunnyvale, CA 94086 – Bank & HOA

Recorded in June 2009

1346 Tirol, APN 126-500-17, Rec. 6/30/09, George & Donna Haney, POB 5837, IV 89450

825 Southwood Blvd – Southwood Pines #5, APN 127-110-05, Rec. 6/30/09, Monica Ferchi, POB 1412, Crystal Bay, NV 89402

872 Tanager – Pinebrook #1, APN 132-560-01, Rec. 6/29/09, Blake Goldenberg, POB 6010, IV 89450

321 Ski Way – Mtn. Shadows #170, APN 126-151-12, Rec. 6/29/09 & 4/15/09, Michele Dwyer, 3534 Ashbourne Cir., San Ramon, CA 94583– Bank & HOA

949 Harold - Montclair Villas #14, APN 131-180-14, Rec. 6/26/09, Mary Forest, 949 Harold #14, IV 89451

807 Alder- Woodstock #19, APN 132-043-02, Rec. 6/22/09, Rachael Limon, POB 531, Crystal Bay, NV 89402

851 College, APN 124-082-16, Rec. 6/19/09, Campbell Court LLC, 1731 River Gorge Ct., Reno, NV 89521

857 College, APN 124-082-17, Rec. 6/19/09, Campbell Court LLC, 1731 River Gorge Ct., Reno, NV 89521

855 College, APN 124-082-18, Rec. 6/19/09, Campbell Court LLC, 1731 River Gorge Ct., Reno, NV 89521

861 Jeffrey, APN 125-243-21, Rec. 6/16/09, Robert Vicale, Address N/A

108 Steam Circle, APN 130-212-04, Rec. 6/12/09, William & Lola Hane, POB 3886, IV 89450

740 Mays Blvd., APN 122-194-26, Rec. 6/8/09, Roger & Sandra Mantz, 3927 1st St., Livermore, CA 94551

699 Hogan, APN 129-100-01, Rec. 6/5/09, Kenneth & Joyce Brown, POB 8434, IV 89452- NOTICE OF SALE on 9/29/09

549 Boothill Ct., APN 125-503-17, Rec. 6/2/09, Richard & Nina Smith, 378 Roan St., San Jose, CA 951235 - NOTICE OF SALE on 9/30/09

929 Southwood – Tahoe Sierra Pines #10, APN 127-500-07, Rec. 6/1/09, Mark Turgeon, 802 Rivera St., Milpitas, CA 95035 - NOTICE OF SALE on 9/24/09

Recorded in May 2009

321 Ski Way – Mtn. Shadows #181, APN 126-151-23, Rec. 5/22/09, Kazimierz & Beate Sasinski, 6028 Big Bend Ct., Pleasanton, CA 94588 - NOTICE OF SALE on 9/18/09

861 Southwood – High Sierra #10, APN 127-250-12, Rec. 5/20/09, Joseph & Julie Zulanas, 3575 Ridgeview Dr., El Dorado, CA 95762 - NOTICE OF SALE on 9/10/09

860 Jeffrey, APN 125-244-05, Rec. 5/20/09, Duncan and Mary Hincks, 860 Jeffrey, IV 89451- NOTICE OF SALE on 9/11/09

575 Sugarpine, APN 122-124-03, Rec. 5/12/09, David Russell, 12900 Woodlake, Grass Valley, CA 95949 - NOTICE OF SALE on 9/3/09

820 Oriole – Royal Pines #57, APN 132-252-34, Rec. 5/8/09, Alexander R. Smith, POB 263, Crystal Bay, NV 89402 – NOTICE OF SALE on 9/9/09

725 Fairview – Incline Pines #10, APN 126-302-16, Rec. 5/8/09, Jody & Michelle Wallace, 5700 Division St., #100, Riverside, CA 92506 – SALE POSTPONED UNTIL 10/1/09

978 Glenrock #37, APN 131-023-05, Rec. 5/7/09, Hans Keller, POB 3917, IV 89450 – NOTICE OF SALE on 8/28/09

989 Tahoe Blvd. – Tahoe Racquet Club #89, APN 127-363-15, Rec. 5/5/09, James & Sharon Devlin, 5920 N. Jones Blvd., Las Vegas, NV 89130 – NEW NOTICE OF SALE on 9/30/09

Recorded in April 2009

593 Tyner, APN 125-512-04, Rec. 4/27/09, Jean-Pierre Simon, 74 Exeter Lane, Pleasant Hills, CA 94523

967 Granite Ct., APN 128-060-10, Rec. 4/27/09, Kim Parker-Mares, POB 3671, IV 89450

806 Geraldine, APN 125-233-06, Rec. 4/27/09, Michael Rachlin, POB 2432, Sparks, NV 89432 - NOTICE OF SALE on 8/17/09

225 Pinecone, APN 130-203-29, Rec. 4/24/09, Eric Partelow, 2762 Oakwood Dr., Minden, NV 89423

830 Southwood, APN 132-440-02, Rec. 4/23/09, Evelyn Griffiths, 5000 Mission Oaks Blvd. #56, Austin, TX 78735 – SALE POSTPONED TO 9/14/09

706 Golfers Pass, APN 128-241-16, Rec. 4/22/09, James & Nancy Rawie, 706 Golfers Pass, IV 89451

931 Incline Way – McCloud #252, APN 127-078-27, Rec. 4/15/09, Vanda Karamehmedovic, 19889 John Dr., Castro Valley, CA 94546 – NOTICE OF SALE on 8/12/09

807 Snead Ct., APN 128-361-17, Rec. 4/13/09, James Berg, 3642 Sheridan Rd., Shingle Springs, CA 95682

972 Fairway View Ct., APN 131-440-05, Rec. 4/13/09, Paul & Cathleen Kahn, POB 3240, IV 89450 – Bank & HOA

825 Southwood – Southwood Pines #13, APN 127-110-13, Rec. 4/10/09, Luke Stevenson, POB 9012, IV 89452– SOLD ON 9/8/09; NO RECORDED DEED YET.

1351 Zurich Ln., APN 126-430-22, Rec. 4/2/09, Murtuza Alladin, 952 Hilldale Ave., Berkeley, CA 94708 – NOTICE OF SALE on 7/24/09

400 Fairview – Bitterbrush #221, APN 126-294-47, Rec. 4/2/09, Victoria Brown, POB 4027, IV 89450 – NOTICE OF SALE on 7/24/09

194 Tramway, APN 130-212-21, Rec. 4/1/09, Brian & Carol Cleaver, POB 7701, IV 89452

Recorded in March 2009

809 Jeffrey, APN 125-225-31, Rec. 3/25/09, Betty Herold, 716 N. Ventura Rd., #321, Oxnard, CA 93030– NOTICE OF SALE on 7/22/09

321 Ski Way – Mt. Shadows #48, APN 126-102-06, Rec. 3/24/09, Benecia Price, 774 Mays Blvd. #10-495, IV 89451

978 Glenrock Dr. #59, APN 131-021-25, Rec. 3/24/09, Sandra Haupt, POB 4654, IV 89450– NOTICE OF SALE on 7/15/09

820 Oriole – Royal Pines #69, APN 132-252-37, Rec. 3/20/09, Robert Buchanan, POB 9000, IV 89452 (HOA only) - NOTICE OF SALE on 9/24/09

825 Southwood - Southwood Pines #1, APN 127-110-01, Rec. 3/19/09, Brian Seppa, 10 PMB 256, IV – NOTICE OF SALE on 7/15/09

900 Golfers Pass #3, APN 129-330-03, Rec. 3/18/09, Kim Parker-Mares, POB 3671, IV 89450- NOTICE OF SALE on 7/10/09

121 Juanita – Forest Pines #2-21, APN 127-290-21, 3/17/09, Jennifer Vo, 1126 Quail Creek Rd., San Jose, CA 95120 – NEW NOTICE OF SALE ON 10/21/09

872 Tanager – Pinebrook #17, APN 132-570-08, Rec. 3/2/09, Daniel Gordon, 3351 Green River Dr., Reno, NV 89503 - - SALE POSTPONED UNTIL 9/16/09

Recorded in February 2009

696 Village – Woodminster #22, APN 131-031-16, Rec. 10/23/08 & 2/20/09, Todd Disbrow, 590 Lakeshore Blvd., IV 89451 89511 - NOTICE OF SALE on 2/17/09

580 McDonald, APN 124-084-05, Rec. 2/18/09, Barbara Berns, POB 6169, IV 89450 - NOTICE OF SALE on 6/10/09

State Route 28, Crystal Bay (lot), APN 132-043-01, Rec. 2/17/09, John Arden, POB 1456, Crystal Bay, NV 89402- NOTICE OF SALE on 9/22/09

1308 St. Gallen Ct. , APN 126-522-04, Rec. 9/24//08 & 2/12/09, Matthew & Arlene McClanahan, 5937 Olympiad Ln., Herriman, UT 84096 – Bank & HOA

869 S. Dyer, APN 124-083-05, Rec. 2/11/09, Scott C. & Carolyn Peaslee, 869 S. Dyer, IV 89451

514 Gonowabie, Crystal Bay, APN 123-132-02, Rec. 2/10/09, Nicholas Walker, POB 1627, Crystal Bay, NV 89402 - SALE POSTPONED UNTIL 11/18/09 (Bankruptcy)

121 Juanita Dr. – Forest Pines #36, APN 127-290-36, Rec. 2/9/09, Todd Disbrow, 570 Lakeshore Blvd., Incline Village, NV 89451 - NOTICE OF SALE on 6/4/09

821 Golfers Pass, APN 129-280-06, Rec. 2/3/09, John & Kathleen Kehoe, 4617 Gresham Dr., El Dorado Hills, CA 95762 – SALE ON 8/24/09 CANCELLED

649 Alpine View Dr., APN 131-212-13, Rec. 2/2/09, M.E. Bender, 649 Alpine View Dr., IV 89451– NOTICE OF SALE on 5/26/09

Recorded in January 2009

939 Incline Way – McCloud #216, APN 127-077-14, Rec. 1/27/09, John Masacarich, POB 4101, IV 89450 – NOTICE OF SALE on 5/13/09 filed by HOA

989 Tahoe Blvd. – Tahoe Racquet Club #77, APN 127-363-03, Rec. 1/14/09, David L. & Shirley Hess, POB 245, Cedar Ridge, CA 95924 - SALE ON 10/7/09 ALSO SUSPENDED

818 Donna Dr., APN 124-082-40, Rec. 1/12/09, Janey Muccio, POB 3378, IV – SALE POSTPONED TO 9/16/09

820 Oriole – Royal Pines #56, APN 132-252-33, Rec. 1/8/09 & 1/21/09, Vern & Patricia Savage, 820 Oriole #56, IV 89451– NOTICE OF SALE on 5/6/09 & NOS by HOA on 8/31/09

604 Tumbleweed, APN 125-501-12, Rec. 1/5/09, Meredith Bolton, 774 Mays Blvd., #10, IV 89451

597 Ponderosa, APN 122-127-15, Rec. 1/5/09, Douglas & Carol Juarez, 597 Ponderosa, IV 89451- NOTICE OF SALE on 4/30/09

Recorded in December 2008

State Route 28, Crystal Bay (lot), APN 123-250-07, Rec. 12/30/08, Tahoe Shoreline Properties, 451 Lakeshore Blvd., Incline Village, NV 89451 – Notice of sale on 9/22/09

609 Dorothy Ct., APN 125-162-03, Rec. 12/15/08, Bruce & Sandra Robertson, POB 4268, IV 89450 - NOTICE OF SALE on 6/23/09

929 Northwood – Third Creek #6, APN 132-061-23, Rec. 12/3/08, Thomas Bruce, 660 Valley Verde, Sparks, NV 89441 - NOTICE OF SALE on 6/15/09 filed by the HOA

Recorded in November 2008

807 Alder Ave. - Woodstock #27, APN 132-043-06, Rec. 11/14/08, Chris Wiskerchen, 1087 E. Greenbrae Dr. Sparks, NV 89434 – NOTICE OF SALE on 4/28/09

830 Oriole – White Pines Condo #16, APN 132-251-16, Rec. 11/6/08, Neil R. Brooks, POB 6971, IV 89451

Recorded in October 2008

480 Winding Way, APN 124-043-64, Rec. 10/8/08, John K. Francis, 480 Winding Way, IV 89451 – NOTICE OF SALE on 5/5/09

821 Geraldine Dr. , APN 125-223-24, Rec. 10/1/08, Sierra Land & Cattle/Rudlin, Nigel, 821 Geraldine, IV 89451 –NEW NOTICE OF SALE on 7/22/09

501 Lakeshore – Lakeshore Terrace #6, APN 122-510-06, Rec. 10/1/08 & 11/14/08, Terrence S. Rogers, POB 3539, IV 89450 - - NOTICE OF SALE on 7/10/09

Recorded in September 2008

1018 Dorcey Dr., APN 125-181-10, Rec. 9/30/08, John & Julie Sutton, 1018 Dorcey Dr., IV 89451

825 Southwood – Southwood Pines #19, APN 127-110-19, Rec. 9/30/08, Nguyentang-tran Dieu-lien, 3901 Parkview Ln. #5c, Irvine, CA 92612 - SALE POSTPONED UNTIL 9/10/09

335 Ski Way – Burgundy Hill #302, APN 126-172-05, Rec. 9/18/08 & 1/21/09, Marisa Leigh, 335 Ski Way #302, Incline Village, NV 89451 – NOTICE OF SALE by HOA on 8/31/09

1084 Lucerne Way APN 126-081-18, Rec. 9/5/08, Jason Jeung, N/A - – Sold to bene on 9/1/09, no recorded deed yet.

Recorded in August 2008

870 Southwood Blvd. - Southwood Court #12, APN 132-410-12, Rec. 8/28/08 & 7/7/08, Liviu Homorozan, POB 1577, Crystal Bay, NV 89402 – SALE POSTPONED TO 10/14/09

1004 Apollo Way, APN 125-442-04, Rec. 8/26/08, Mark T. Wangsness, 1004 Apollo Way, IV 89451- NOTICE OF SALE on 1/8/09

Recorded in July 2008

811 Jeffrey Ct., APN 125-223-30, Rec. 7/10/08, Charles & Barbara Allio, 811 Jeffrey, IV 89451

870 Southwood Blvd – Southwood Court #5, APN 132-410-05, Rec. 7/7/08, Monica Ferchi, POB 1412, Crystal Bay, NV 89402 - NOTICE OF SALE on 4/14/09

Recorded in May 2008

170 Village Blvd. - McCloud #2, APN 127-072-01, Rec. 5/19/08, Clarke Mallery & Paek Sook , 6th Fl. Sino Plaza 256, Gloucester Rd., Causeway Bay, Hong Kong, NG

Recorded in March 2008

710 Mays Blvd. APN 122-194-21, Rec. 3/19/08, Hollis H. Lefkowitz, POB 3214, IV 89450

Recorded in January 2008

678 Fourteenth Green. APN 131-012-48, Rec. 1/23/08, Gregory Griffin, 4145 Blackhawk Pl., Danville, CA 94506 - NOTICE OF SALE on 9/10/0

Click here to view an up to date list of short sales & foreclosures in Incline Village

CAROLE MADRID
#1 Producer
Lakeshore Realty
954 Lakeshore Drive
Incline Village, NV 89450
Tele:  775.848.6242 - direct
www.inclinevillagenow.com

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Hot Incline Village Real Estate Buys - October 2009

Oct 4th, 2009 by carolemadrid

808 Randall

  • 3 bedrooms/ 2 baths/2 car garage
  • Adorable tahoe home in fantastic setting
  • 1,952 +/- square feet
  • Price $549,000

810 Randall

Great development opportunity with TRPA approvals and verified coverage

  • TRPA apprv & verified coverage

  • Survey @ Listing Office
  • Call Listing Office for Details
  • 399,000

#13 MC CLOUD banner BUY ME !

Best McCloud Unit !

  • 2BD/2 BA; 1,111 +/- Sq. Ft.
  • Remodeled & over 30k in upgrades – 1 car garage
  • Beautiful setting, close to Diamond Peak
  • Price: $539,000

650 Village –

BEAUTIFUL TAHOE HOME

  • 4BD/3.5BA; 3,147 +/- Sq. Ft.
  • Custom home, Large kitchen + many upgrades, sunny deck, garage
  • Offered furnished turn-key
  • $1,349,000

706 Martis Peak

HOT BUY ! – LAKEVIEW SUBDIVISION

  • 4 BD/3BA; 2,355 +/- Sq. Ft.
  • Lakeview Subdivision
  • Beautiful sunny deck, Gourmet Kit & Large Living
  • $849,000

1034 Tomahawk

GREAT DEVELOPMENT OPPORTUNITY WITH PRELIMINARY PLANS

  • Lowest Priced Lot in Incline Village-Priced to Sell
  • Sunny location, level access, street-to-street lot
  • Owner may carry financing @ 6% for 3 years
  • Call listing office for details


    • 938 Jennifer

    ‘Cabin in the Woods’

  • 3 BD/2BA; 1,576 +/- sq. ft
  • Offered furnished turnkey with hot tub & pool table

    • 920 Wendy #1

    ‘Darling Duplex’

    • 2 bedrooms/2 baths/1 car garage
    • No association dues – own 1 side of duplex
    • Next to forest service – low elevation
    • Remodeled kitchen with newer appliances
    • $299,000

    932 Dorcey

    Gorgeous Tahoe Home

    • 3 BD/2.5 BA; 1,832 +/- Sq. Ft.
    • Gourmet kitchen with top of the line appliances, water-fall in yard
    • Virtual Tour: www.932dorcey.com
    • Price: $599,000

  • Forest service land immediately adjacent and area is a very quiet, family neighborhood.
  • Price : $254,750
  • Good rental History

    • CAROLE MADRID
    #1 Producer
    Lakeshore Realty
    954 Lakeshore Drive
    Incline Village, NV 89450
    Tele:  775.848.6242 - direct
    www.inclinevillagenow.com

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    Incline Village Real Estate Update 9/17/09

    Sep 17th, 2009 by admin

    This last week we noted continued market improvement that is reflected in the number of sales as well as lower inventory levels.  Please see Market Watch table below.
    At the bottom of our market ($500K or less), we are often seeing multiple offers on many well priced listings.  We have heard from several people that properties in California up to $700K are also having a similar experience.
    Here in Incline Village, the over $500K market is still somewhat soft; however, as the Bob Dylan refrain goes, “The Times They Are A-Changin”.
    Buy now before you find yourself competing against multiple offers in all price ranges.  Remember, the Incline Village market normally lags about 6 months behind California, so you have a window of opportunity available now that you don’t want to pass up.

    Have a wonderful week !

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    Incline Village Real Estate Update 9/01/09

    Sep 1st, 2009 by admin

    Market Update

    As we look around, there are certainly reasons why one might feel less than optimistic.

    For example, Building Permits are down and the dollar value took another drop.

    Not to diminish the stress this is causing many of our unemployed construction workers, but the slowdown is actually A Blessing in Disguise, in our opinion.  As new home and condo construction dries up, the supply is lessened.

    HOWEVER, Incline Village homes are selling.  The sales for August are amazing.

    Since Incline has not lost its luster as a World Class Destination, the demand side of the equation should rebound nicely once the economy turns around.  The inevitable outcome from lower supply and increasing demand will be a return to a more stable real estate market.
    As an additional positive benefit, the slowdown has made Incline Village homes more affordable than they have been for a long time.  Who would have thought two years ago that one would be able to buy a home in Incline Village at todays amazing prices !!
    Have a wonderful week!

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    Incline Village Real Estate Update 8/20/09

    Aug 20th, 2009 by admin

    Market Update

    During recent Newsletters, we have chronicled the recovery in the residential real estate markets throughout the U.S.

    Since August 1st we have seen an AMAZING increase in sales in Incline Village.   Hopefully, this is the beginning of our home prices stabilizing.  It is still a buyers market and there are some wonderful homes and condos available.  Please call, or e-mail me @ carole@inclinevillagenow.com if you would like information on specific properties.

    I am always here to assist you.  My cell # is 775.848.6242.  Call me anytime.

    Have a wonderful week !

    Carole

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    Buying Real Estate In An IRA

    Jul 13th, 2009 by carolemadrid

    Tired Of Losing Money In The Stock Market? You’re Not Alone!

    With the current stock market woes, most investors have seen the value of their retirement and stock market portfolios drop by 30% or more. And according to almost every news story - it’ll take years to get even a portion of these funds back.

    That’s why many people are now considering buying real estate in their IRA or retirement plan as a great way to recoup their losses - and protect their future retirement funds!

    Here Are Four Reasons Why Using IRA / Retirement Plan Funds To Purchase Real Estate Makes Sense:

    • The stock market has tanked, and investors have lost confidence! Almost everyone’s stock market portfolio is down 30% or more. Buying real estate just makes sense.
    • Real estate prices are dramatically lower than just two years ago, creating tremendous upside through both a higher future resale value and the rent you collect in the interim!
    • There is a tremendous amount of foreclosures and auctions where you can pick up beautiful homes for 20% or less of their value!
    • Growth and profit is tax-free! Because the home is in a qualified retirement plan, you can buy a home today, then sell it in three years for $300,000 profit - and not pay taxes on the profit! Instead, you can use the full profit to buy even more properties!

    How To Use Retirement Plan Funds To Purchase Real Estate

    Buying real estate in an IRA or retirement plan is not new; commonly called a Self-Directed IRA, it has been an option since the passing of the Employee Retirement Income Security Act (ERISA) in 1974.

    And you’re not alone if you are one of many investors who are not familiar with the Self-Directed IRA concept, as it simply isn’t pitched - or supported - by brokerage firms who would rather sell you stocks and bonds over and over again for multiple or ongoing investment fees instead of the one-time fee for buying a property.

    Types Of Retirement Accounts That Can Be Moved Into Self-Directed IRA Accounts:

    • Traditional IRA’s
    • 401(k)s
    • Keoghs
    • SEP IRAs
    • Roth IRAs
    • Profit Sharing Plans
    • Qualified Annuities
    • Deferred Compensation Plans
    • Coverdell Education Savings (ESAs) a.k.a. Educational IRAs

    By purchasing real estate in your IRA or retirement plan, you are not changing what your retirement plan funds do (building tax-free value for use at some future date); you are simply changing the type of investment in your retirement account (from stocks, bonds, and mutual funds to real estate) to reap the benefits of appreciation and rental income, as explained below.

    Benefits Of Purchasing Real Estate In Your Retirement Plan

    Your money grows three ways while owning real estate in your retirement plan:

    • Through the increase of the value of the home appreciation
    • Through the accumulation of rental income
    • Through TAX-FREE growth accorded to retirement plans (yes, this means you can sell a home at a $500,000 profit and not pay taxes on it!)

    Below is an example of how a $200,000 home can grow to $500,000 or more using historical averages (disclaimer: past performance is not an indicator of future performance):

    Example: Purchase Price Of $200,000

    Year 4% Growth 8% Growth
    1 $208,000.00 $216,000.00
    2 $216,320.00 $233,280.00
    3 $224,972.80 $251,942.40
    4 $233,971.71 $272,097.79
    5 $243,330.58 $293,865.62
    6 $253,063.80 $317,374.86
    7 $263,186.36 $342,764.85
    8 $273,713.81 $370,186.04
    9 $284,662.36 $399,800.93
    10 $296,048.86 $431,785.00
    20 $438,224.63 $932,191.43
    25 $533,167.27 $1,369,695.04

    Example: Rental Income, $1,500 per month (no rent increase)

    Year Annual Rent Aggregate Rent
    1 $18,000.00 $18,000.00
    2 $18,000.00 $36,000.00
    3 $18,000.00 $54,000.00
    4 $18,000.00 $72,000.00
    5 $18,000.00 $90.000.00
    10 $18,000.00 $180,000.00
    20 $18,000.00 $360,000.00
    25 $18,000.00 $450,000.00

    Of course, you’ll have to pay your taxes and any improvements you make to the home, but even with these costs, the bottom line of what you keep is still pretty substantial - and even more so when you realize the growth is tax-free!

    How To Get Started

    There are a couple of technical requirements that allow you to purchase real estate in an IRA or retirement plan. Included below are some of the basics, but investors are strongly recommended to do their full research regarding the applicability such investments.

    Some Basic Requirements

    :

    • Purchasing real estate in an IRA is allowable under the ERISA Act of 1974.
    • Purchasers have to have a separate investment account with the required documentation, plus abide by a few simple rules; namely, that funds in this account cannot be commingled with other funds. In other words, you can’t pay for improvements with your personal money, and rent must be deposited into this account. Doing so voids the tax-free benefits of your IRA.
    • Most brokerage houses do not support - and therefore allow - investors to hold real estate in an IRA. Therefore, individuals purchasing real estate in their IRAs must use an approved provider for both their account set-up and documentation. (We have included a list of those vendors below.)

    Note: it generally takes two to four weeks to set up the required account, transfer/close out an old IRA, and get the funds into the new account. This corresponds to the 30 or so days it takes to “close” on the property, but don’t dawdle on getting your SDIRA account set up, as the new property must be titled and paid for with your SDIRA account and not personal funds.

    Getting Started:

    We recommend the following steps for getting started with purchasing real estate in an IRA or retirement plan:

    • Read and Research. Make sure you understand the rules and requirements of a Self-Directed IRA. You’ll have to set up your account with a qualified administrator, not commingle funds, and abide by a few other rules.
    • Decide On A “CheckBook” or “Regular” Self-Directed Account. Some qualified administrators require you to mail invoices to them for processing, while others provide a checkbook set up whereby you pay your own invoices. Make sure you know the benefits of both. Some recommended administrators appear below.
    • Know Your Personal Temperment. You’ll not only have to spend time selecting and closing on properties, but depending on how many you purchase and for what reason, may want to rent out your new homes. Make sure you know your requirements and capabilities.
    • Find The Right Properties. Don’t just buy houses because they are cheap. Make sure you have a plan as to where you want to buy, why you want to buy there, and whether or not you will rent the properties. Use your real estate agent for guidance.

    Recommended Administrators

    Your self-directed account must be properly set up and maintained by a qualified administrator.  Call me @ 775.848.6242 for recommended administrators.

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    Incline Village Real Estate Update 6/12/09

    Jun 12th, 2009 by admin

    Market Update  - SHORT SALES & FORECLOSURES in Incline Village

    You can now check for all Short Sales and foreclosures in Incline Village from our website.  We have added a link on our home page.  Go to www.inclinevillagenow.com

    Real Estate sales increase but are still below 2008 levels .  It is the old story.  Do you see the glass as half empty or half full?

    Being the optimists that we are, we like to view it as being half full and getting fuller every day.  We are also realists, too, so we don’t deny the fact that prices are still soft.

    It is at times such as this, when prices are soft and foreclosures abound, that you will find your best deals.

    We are cautiously optimistic that sales will continue to increase through the summer.  It certainly appears that way from our limited perspective, as we have been extremely busy writing offers and opening new escrows during the last several weeks.

    Have a wonderful week.

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    Incline Village Real Estate Update 6/01/09

    May 31st, 2009 by admin

    Market Update

    There are several very key indicators that are giving us renewed confidence and optimism to buy real estate now.

    1. Inventories have declined significantly in 29 major metropolitan cities and especially so in those areas where Incline Village gets most of its buyers, i.e. West Coast cities.

    2. The stock market as reflected in the S&P averages has rebounded by 36% from the March lows.

    3. Interest rates while remaining low are starting to trend higher.  Good argument for buying now rather than waiting until later when interest rates will most likely be much higher.

    There are other things such as consumer optimism and spending both of which are up as well as construction spending.  It appears as if the worse is over and we will be heading out of recession soon.

    If you agree and think it is a good time to buy now, please contact us so that we can help you find just the right property to meet your needs and suit your budget.

    Have a wonderful week.

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