After months and months of complaining that the time required for short sales is too long, it looks like change has actually happened. According to the Campbell study, the average time short sales are on the market during July was 15.8 weeks. this is down nearly 5 weeks compared with February when the average short [...]

Continue reading about Good News, The Average Time for Short Sale Approval Is Down | Short Sales

The number of homes listed as short sales has risen in Logan over the past month. While the total number of Cache County real estate listings is nearly identical to a month ago, the percentage of these homes requiring bank approval has increased. 4.75 percent of the listed homes in Cache Valley are short sales. [...]

Continue reading about Logan Utah Real Estate Market Conditions: Short Sale Numbers Up in Logan

Alan Barker on May 24th, 2010

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

Alan Barker on May 11th, 2010

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

Alan Barker on April 29th, 2010

I am always trying to stay on top of the national real estate news, and right now the big subject of topic is with Foreclosures and “Shadow Inventory.” Shadow inventory is essentially default homes that will eventually foreclose. Many national economists and housing experts are predicting that the foreclosure problem is only going to get [...]

Continue reading about Logan Utah Foreclosure Rate Looks Pretty Good

We all know that the expiration of the home buyer tax credits expire at the end of the month. To qualify for this tax credit, homes need to be under contract by the end of the month. But what about for short sale homes? About 18% of the homes for sale in Northern Utah right [...]

Continue reading about Can You Still Get The Federal Tax Credit if The Home Under Contract is a "Short Sale"?

Alan Barker on April 14th, 2010

The Number of Homes listed as Short Sales in Logan Utah is down compared with last month. There are currently just 11 Short Sale homes for sale in Logan. The percentage of total Short Sales in Cache County is also down, 5.66% of the 799 properties for sale in Cache County are Short Sales. The [...]

Continue reading about Cache County Short Sale Numbers Stable

Alan Barker on March 15th, 2010

The number of homes requiring short sales, and the percentage of short sales per listings in Cache County Utah are down compared with February.

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Alan Barker on February 22nd, 2010

There is another new Federal Government program out their designed to reduce the consequences and liability of people trying to avoid foreclosure by selling their homes as short sales, or else voluntarily giving up their homes with a Deed in Lieu of Foreclosure. This program is called the Home Affordable Foreclosure Alternatives Program. Say that [...]

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Alan Barker on February 16th, 2010

The percentage of homes requiring short sales is slightly down for Cache County Utah. There are currently just 6.29% of all listed homes that require short sales.

Continue reading about Number of Short Sales in Cache County Remain Stable