Bank and financial institutions that lend out loans do so in exchange of a guarantee or collateral. This collateral can be in the form of property, cars, bonds or any other asset that you may possess. Sometimes people are unable to repay their loans. This is when foreclosure comes into play. Foreclosure is a process … Continued
It’s been estimated that close to 625,000 homes in America were foreclosed upon in 2018. And while that number is nowhere near the amount reported at the height of the housing crisis in 2008, that’s still a sobering statistic for many homeowners—particularly in Utah, where housing prices have been reported to have jumped at a … Continued
For many homeowners, foreclosure is an unfortunate reality; and one that’s entirely outside of their control. But how long does foreclosure take? It will actually vary depending on any number of circumstances. Here’s what you should know about what to expect from the foreclosure process. It’s never easy to see your dreams of owning a … Continued
People fall behind on their mortgages every day. In our latest post, we can help you learn how to stop the bank from foreclosing on your Salt Lake City Utah house! Stop The Bank From Foreclosing On Your House Foreclosure in Utah can be a difficult and frustrating process. Not only can you lose … Continued
For many people, the thought of selling their home can seem like a lot of work accompanied by a long list of expenses. It might seem even more overwhelming if the property is in disarray or needs repair. However, it doesn’t have to be that way! In our latest post, we will explore the ways … Continued
If you are faced with being in a foreclosure sale, you need to understand the best way to protect you and your family moving forward. A Foreclosure Sale is when the bank actually sells the house to someone or takes the house back. It is at this point the house is no longer yours. … Continued
If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be recorded at the County Recorder’s Office and notice served to the home owner by the lender to start the process of foreclosure. … Continued
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 Salt Lake City? Many homeowners across Utah and Salt Lake City are … Continued
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 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 … Continued
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