Did you know that whether you’re a buyer or a borrower / seller or a lender, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Salt Lake City Utah? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan … Continued
What is a pre-foreclosure in Salt Lake City anyway? Many homeowners across America and Salt Lake City are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning or notice of default, notifying the homeowner to pay or lose their home. This period … Continued
A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What the public doesn’t understand is that lenders are not in the business to own property. They are in the business to loan people money. But when they have to foreclose … Continued
Understanding the foreclosure process in Utah is an important part of knowing what you can or can’t do when navigating your own home foreclosure. Before we get started… What is a foreclosure and how does it effect me anyway? Foreclosure is when a Bank can take back a property due to non payment. It is the legal process … Continued
![Can I sell my [market_city] house in foreclosure?](https://cdn.carrot.com/uploads/sites/1999/2017/06/Utah-Foreclosure-Notice-150x150.jpg)
Do you or someone you know have a Salt Lake City Utah house that’s in foreclosure right now? Many people going through the foreclosure process want to get out from under that troublesome house and wonder if they can sell the house in foreclosure. The short answer: yes. A better answer is: there is more to it then … Continued
