Lake Tahoe Foreclosures and Short-salesResort markets were slower to see the foreclosures emerge. The market took a year to correct itself. There were many sellers that were under the impression that their homes were not affected by the market decrease, so there was a large gap between the foreclosures and the standard sales. This in turn created a niche foreclosure market, whereby the standard homes were not selling, and yet foreclosures had multiple offers and bidding wars. We are still seeing this even though the market has, for the most part, adjusted.If you are planning on buying a foreclosure in Lake Tahoe, be prepared for a bidding war. Better yet, I suggest, you find a standard home and offer under asking. This way you will get a home you want at a price you want, as there are no other bidders, and sellers are motivated.Lake Tahoe short sales are also plentiful, and though the number of foreclosures has significantly dropped in the last year, we are seeing an increase in short sales. This is also a very good alternative to a foreclosure, but be prepared for about 3 month turn-around.[self promotion and website deleted by Zillow moderator. Please see our good Neighbor Policy]November 15 2011 - US1YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.