Home Foreclosures
I have been asking myself this question for some time now and still cannot think of any reason, why banks can not let people who are underwater with their mortgage refinance their loan. I don’t mean the people who cannot pay or are not paying their mortgage, I am talking about people who pay their [...]
Continue reading about Why Not Let People Who Are Underwater With Their Mortgage Refinance
The number of foreclosed homes being bought and sold in Utah is falling significantly, a new RealtyTrac report indicated. In Utah, foreclosed homes accounted for just over 20 percent homes sold during the third quarter, with the avarage sales prices of properties that sold while in some stage of foreclosure was 3 percent below the [...]
Continue reading about Foreclosure Rate in Utah Falls for Second Quarter
The Salt Lake Board of Realtors has questioned a recent report by RealtyTrac, which reported the home foreclosure rate in Utah increasing 294% in July 2008 (compared to July 2007). The report ranked Utah as the 9th largest foreclosure rate in the U.S. However, it is believed that the methodology used to calculate the figures [...]
These are not my words, they are from a recent article in Forbes Magazine. According to the magazine article, Salt Lake is the sixth most recession proof city in the U.S. This is based on the fact that the city’s unemployment rate is low, that we are still creating jobs and that the housing market [...]
Home foreclosures were up 4 basis points from the same time last year. While this is obviously not good news it does need to be put in perspective. Foreclosure rates actually fell in 24 states, and the overall foreclosure rate is still below the 10 year average. All in all the increase in foreclosures is [...]
Continue reading about Foreclosures up in the First Quarter 2007
