REO

Mammoth Foreclosure Mammoth Sierra Townhomes 12

Here’s a new REO to the Mammoth market. This could be good remodel project or just move into the property as a sizable crash pad property. Both are very popular segments of the local condo market at this point. The paint and carpet are fresh so a new owner could … READ MORE

Mammoth Foreclosure Summit Condos #224

When Mammoth Mountain initiated the Mammoth Value Pass (MVP) some 13 years ago the demand for low-end condos increased dramatically. That demand is still strong today. During the early years of this phenomenon I coined the phrase “crashpad” to describe these condos and their intended usage. A good crashpad doesn’t … READ MORE

Mammoth Foreclosure of The Week 169 Lupin St.

This is something different in the REO world…. This is the “classic” Mammoth fourplex that was very typical of the early 1990’s. I sat on the ML Planning Commission during that period and we had public hearings on many of these buildings/developments. There were numerous issues pertaining to density, setbacks, … READ MORE

Mammoth Foreclosure of The Week MeadowRidge 5

Here’s a townhome that is worthy of either a minor clean-up or a significant remodel. This 2 bedroom + loft / 2.25 bath property really just needs a little paint and TLC and some new carpet and it is ready to furnish and start enjoying. But the MeadowRidge project has … READ MORE

Mammoth Foreclosure of The Week 247 Pearson Rd in Crowley Lake

Okay, I know this isn’t Mammoth but while there is very little residential inventory under $500,000 in Mammoth, here is a large modern home 20 minutes away in Crowley Lake for only $409,000. That’s $113 per square foot for relatively (almost) new construction. There is a giant living room upstairs … READ MORE