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Utah Home Foreclosure Article
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from:How to Find Free Home Foreclosure Listings
Whether you are an investor looking to make a quick profit, or just someone who is looking for an affordable home, the free foreclosure listings are where you want to begin your search for a foreclosure property. The internet is a good place to start your search; HUD and Foreclosure Free Search both have websites that provide free home foreclosure listings.
Another way to find free home foreclosure listings is to take a drive in your surrounding area. You may find several homes in your own city with bank signs advertising the property for forced sale, or you may see a sign that the property is going up for auction. The sign will give the place, date and time of the auction. Taking your time driving around all the neighborhoods in your area is a good thing to do when you want to find free home foreclosure listings, because you get to see what the property looks like. Some you may be interested in and some might not even be worth looking at, but you can get a good idea of what you might want to purchase by driving around.
Call your local bank and ask to speak to someone in the real estate owned (REO) properties department. The person working in the REO department can give you a list of free home foreclosure listings. Check with some real estate agents, they may have some inside information on properties that are being foreclosed on, and can give you some great leads. If you ask the real estate agent, you may get free home foreclosure listings delivered right to your email box on a weekly basis, because many real estate companies provide this service.
You can buy a home in any stage of the foreclosure process. You may find homes in pre-foreclosure, which can very often buy the home below market value. You will find properties in pre-foreclosure, strict, and judicial foreclosure on the free home foreclosure listings.
Word of mouth goes a long way; talk to your friends and neighbors. Talk to your coworkers. Let people know you are interested in locating properties. Your friends may have seen some free home foreclosure listings that you are not aware of. Your friends and neighbors are often a wealth of information when it comes to locating foreclosure properties.
Since the economy is the way it is, everyone is looking for a great deal, which is why they often refer to the free home foreclosure listings. By obtaining free home foreclosure lists periodically you can stay on top of your search to either buy a home from the seller, or buy it at auction. Most bidding starts at $5,000 and the home will go to the highest bidder.
Utah Home Foreclosure News
Utah Senator Forced to 'Short Sell' His House
The nation's housing crisis has hit another member of Congress. Utah Sen. Mike Lee was forced to sell his home in a short sale , resulting in a $400,000 loss, The Salt Lake Tribune reports.
Read more...Valley West
(Trent Nelson | The Salt Lake Tribune) Salt Lake County and Community Development Corp of Utah held an open house for an Idea House Saturday, April 14, 2012 in Kearns, Utah. This Idea House is a home remodeled for energy efficiency, water conservation and accessibility.
Read more...Sen. Lee forced to sell ‘dream home’ in short sale
Sen. Lee forced to sell ‘dream home’ in short sale By Thomas Burr The Salt Lake Tribune Published May 17, 2012 06:31PM MDT Washington • Less than two years into office, Sen. Mike Lee was forced to sell his dream home in Alpine with his mortgage bank taking a significant loss — up to $400,000 — in a “short sale” as the housing bust in his neighborhood drained his house’s value. Lee purchased the ...
Read more...Republican Senator gives up dream home in short sale
Utah Republican Sen. Mike Lee has experienced the housing bust first-hand after short selling his dream home a few months after taking office.
Read more...Senator Lee forced to sell ‘dream home’ in short sale
Senator Lee forced to sell ‘dream home’ in short sale By Thomas Burr The Salt Lake Tribune Published May 19, 2012 09:02PM MDT Washington • Less than two years into office, Sen. Mike Lee was forced to sell his dream home in Alpine with his mortgage bank taking a significant loss — up to $400,000 — in a “short sale” as the housing bust in his neighborhood drained his house’s value. Lee purchased ...
Read more...