Author Archives: Al Lorenz

About Al Lorenz

Al Lorenz is the broker at Criterion Properties specializing in Lake Chelan luxury homes, foreclosures and commercial properties. Al is about straight up communication, masterful marketing and providing loyal guidance to his real estate clients. He is recognized by Google as Lake Chelan's Number One Real Estate Agent.

Foreclosures dropped in Washington in April

Posted on May 18, 2012 by Al Lorenz

Foreclosures have dropped in Washington state.  According to a statistics from RealtyTrac, foreclosure filings fell 54.2 percent in April compared to April of 2011.  The entire state had only 1,172 foreclosure filings in April or one in every 1249 homes. … Continue reading →

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Posted in Bank Owned, Distressed Homeowners, Foreclosure Market, Lake Chelan Foreclosures, Pre-Foreclosure Sales, Selling Distressed Homes, Short Sales | Tagged , , , , , | Leave a comment

New Legal Wrinkles on short sales after June 7 in Washington

Posted on May 16, 2012 by Al Lorenz

Effective June 7th, House Bill 2614 creates new law and revises existing law with regard to short sales of owner-occupied properties.  That means you will see some changes in the forms and disclosures regarding short sales. Your real estate agent … Continue reading →

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Posted in Distressed Homeowners, Lake Chelan Foreclosures, Selling Distressed Homes, Short Sales, Underwater Mortgages | Tagged , , , , | Leave a comment

Bank of America may want to forgive your mortgage, or part of it anyway!

Posted on May 15, 2012 by Al Lorenz

Bank of America is sending out letters to thousands of homeowners with an offer to forgive a portion of the principal balance on their mortgage, that portion averages $150,000 each! If you qualify, you could save about 35% of your … Continue reading →

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Posted in Distressed Homeowners, Finance, Foreclosure Settlement, Lake Chelan Foreclosures, Underwater Mortgages | Tagged , , | Leave a comment

Foreclosures are still staying at a low level at Lake Chelan

Posted on May 10, 2012 by Al Lorenz

This week, there were no new notices of trustee sale in the Lake Chelan are. The foreclosure picture, showing bank owned homes and those scheduled for foreclosures, remains about the same with the newest scheduled trustee sale being a two-bedroom … Continue reading →

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Posted in lake chelan foreclosure report, Lake Chelan Foreclosures, Lake Chelan Real Estate Market | Tagged , | Leave a comment

Flood of Foreclosures a big NOT?

Posted on May 4, 2012 by Al Lorenz

The oft predicted flood of new foreclosures expected after the $25 billion dollar lender settlement has not yet materialized.  Although the number of homes entering the foreclosure process rose 8.1 percent in March according to a report from lender Processing … Continue reading →

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Posted in Foreclosure Market, Foreclosure Rescues, Lake Chelan Foreclosures, Selling Distressed Homes, Short Sales, trustee auctions, Underwater Mortgages | Tagged , , , , | Leave a comment

Distressed Lake Chelan Home Sales in April

Posted on May 2, 2012 by Al Lorenz

Here are the distressed home sales, bank owned and short sale, from the Lake Chelan area in April: Foreclosures 2012 Parcel # Sale Price List Price DOM Type of Sale 2220 W Woodin #108, Chelan, WA 272215525040 $127,500.00 $125,000.00 147 … Continue reading →

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Posted in Bank Owned, Distressed Homeowners, Foreclosure Buyer Assistance, Lake Chelan Foreclosures, Lake Chelan Real Estate Market, Selling Distressed Homes | Tagged , , , , | Leave a comment

CBS sees signs of a turnaround in the foreclosure market

Posted on May 1, 2012 by Al Lorenz

When the media finally declare the housing crisis over, the actual bottom will be in the distant past.  In this video, they are still hedging their bets.  Much of the turnaround in the market is seen as being due to … Continue reading →

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Prices for Bank Owned Homes surge

Posted on May 1, 2012 by Al Lorenz

According to a report released by Clear Capital, REO prices have surged 5.5%, while fair market sales prices dropped 2.9%. The portion of national REO sales relative to total sales continued its creep in April, marking the third straight month … Continue reading →

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Chelan County Foreclosures among the lowest in the State of Washington

Posted on April 30, 2012 by Al Lorenz

RealtyTrac has a “heat” map of foreclosure trends in Washington State.  We have seen dramatically low foreclosure activity in the Lake Chelan area this year.  The March heat map shows Chelan County as having among the lowest foreclosure rates in … Continue reading →

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The Lake Chelan Foreclosure Picture

Posted on April 26, 2012 by Al Lorenz

Here’s what the foreclosure picture looks like in the Lake Chelan area as of April 26, 2012.  That is based on recorded data through April 25th.  It includes properties with Notices of Trustee sale that aren’t necessarily listed for sale … Continue reading →

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