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2016-01-18 12:04:39
Foreclosures Are Down In Salt Lake

Even though foreclosures are down in Salt Lake, many of our clients still search the internet for distressed property deals. 

HUD Homes, short sales in Salt Lake, (pre foreclosures) and even lists of homeowners that are behind on their mortgage payments are popular searches.

Even though less than 2 dozen listings show up as foreclosed homes there are still a big number of short sales to pick from, and some some pretty attractive buys.

If you are one of those buyers and you are content to wait you might be interested in what other professionals have to say.

Nela Richardson the cheif economist from Redfin talks about what the lack of inventory means to the mortgage market, while the cheif economist from Equifax takes on the strategic default phenomenon. 

I wish Amy Crews Cutts had addressed the ethical componant in that concept, as it has been a hot button issue for agents, lenders and homeowners for the last few years.

To save time, we have found and listed Salt Lake foreclosures by city. 

Salt Lake City

Murray Utah

Sandy UT

South Jordan UT

West Jordan UT

West Valley City

Find what you want? Want to know more about foreclosures in Salt Lake? Take a look at these articles.

What Effect Does a Dwindling Foreclosure Volume Have on the Housing Industry?

Foreclosures numbers are at a fraction of what they were at the onset of the crisis. Redfin Chief Economist Nela Richardson discusses what this means for the mortgage market.
READ MORE

Who Are Strategic Defaulters and How do They Affect the Industry?

Intentionally defaulting on a mortgage might seem like a crazy idea. So why do people do it? Equifax Chief Economist Amy Crews Cutts discusses.
READ MORE

 

Buying Salt Lake foreclosures is a little different than buying a regular MLS listing. You may be dealing with a bank, or a couple of lenders. More than likely on a bank owned property or REO you will not be provided a seller disclosure. You need someone familiar with buying from an institution and how to protect your interests. 

At Group1 we have that experience and would like to help, even though foreclosures are down in Salt Lake. .

Call me, Gordon 801-567-0946. We can help..

 

 
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