Foreclosure Auctions are increasing on Chelan Area Properties

Posted on September 12th, 2008 by Al_Lorenz

According to Realty Trac this morning, there are 8 properties scheduled for foreclosure auctions in the Chelan zip code and 1 in Manson. The auction dates range from the 10th of October to the 1st of December. That is the largest number I’ve seen and it would appear that the Chelan area is not immune from the increases in foreclosures that have been happening in other areas.

What we are not seeing is large tracts of homes where a major builder has defaulted or entire neighborhoods with large percentages of foreclosed homes. That level of foreclosures is devastating a few parts of the country, but I don’t expect to see that level of issues occur in the Chelan Valley. Foreclosure sales are rarely happy events for the parties involved. But, for those who are interested in perusing foreclosures in hopes of finding deals, they now have something to look at in the Chelan area.