What is Pre-Foreclosure in Salt Lake City?

With hundreds of homes in Utah going into foreclosure, it’s important for both buyers and mortgage holders to understand the process.  In March of 2017, 1 in every 2041 houses are currently in pre-foreclosure in Salt Lake County . So what is a pre-foreclosure in ? Many homeowners across Utah and are facing difficulties making their … Continued

Can I stay in my home after foreclosure in Salt Lake City?

A recent study estimates that 47% of foreclosed properties are still occupied… according to RealtyTrac. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they … Continued

Understanding the Foreclosure Process in Utah

Understanding the foreclosure process in is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments.  The bank will also use the foreclosure process to take back … Continued

Can I sell my Salt Lake City house in foreclosure?

Do you have a house that’s in foreclosure right now? Many people going through the foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior … Continued