Foreclosures
The foreclosure situation in Utah is not looking good. According to RealtyTracs numbers, Utah ranks 6th nationally in terms of percentage of foreclosures. What’s most alarming, is the fact that foreclosure activity during August was up by 25% compared with a year ago. One in every 236 Utah homes saw some sort of foreclosure filing [...]
The fact is, many Cache Valley residents are experiencing hard financial times. Even here in Logan, foreclosures are happening. Foreclosures are primarily caused by loss or decreases in household income. Many homes that are foreclosing, don’t actually have to go through foreclosure though. There are options for people having difficulties making their house payments, people [...]
Continue reading about Facing Foreclosure? The Neighborhood Non Profit Organization Can Help
Foreclosure numbers in Utah have increased in recent months, and it’s not in a good way. Utah now trails only Nevada, Arizona, California, and Florida as the states in percentage of default borrowers. According to RealtyTrac.com, over the last six months, 1 in every 52 Utah households received a foreclosure notice. In total there were [...]
Right now, thanks to a temporary legal battle there won’t be any Bank of American Foreclosures in Utah for a little while. Bank of America probably has more properties in default than any other Utah lender. This is in large part due to their acquisition of Countrywide, which was one of the biggest lenders and [...]
Continue reading about No Bank of America Foreclosures in Utah Right Now
So I just ran the numbers to see the latest trends for Logan Utah Short Sales, and unless the MLS changed the way short sales are calculated, short sale numbers in Logan are way down. Of the 812 homes listed for sale right now, just 29 Logan Real Estate listings are short sales. This is [...]
Continue reading about Number of Short Sale Homes in Logan is Down
A recent stat shows that 23.3% of all US homes are underwater, meaning that the owners of these properties owe more on their home than what it is actually worth. If these homeowners need to sell, they generally have to do it by means of Short Sales. Unless they have reserves of Cash stashed away, [...]
Continue reading about Banks are Trying to Get More out of Short Sales
