Utah Foreclosures

Today is 4.11.09, and another great day in Saint George Utah…in an attempt to keep up with the request for different types of Southern Utah Real Estate Listings, I have posted a blog with live links for the different search criteria that I have received the most requests for.

• Southern Utah Foreclosures
• Southern Utah Adult Communities
• Southern Utah Golf Homes
• Washington City Utah Homes & Condos
• Santa Clara Utah Homes & Condos
• Southern Utah Horse Property
• Washington County Board Of Realtors Hot Sheet

This last handy little link will pull you into The Washington Country Board of Realtors MLS system. From there you can see the newest MLS listings on the WCBR MLS system as well as all price reductions…Knowledge is Power!

As of today April 11, 2009 there are currently on the Washington County Board of Realtors MLS system…

• 103 Active Southern Utah Foreclosures in Saint George Utah on the WCBR MLS system
• 148 Closed Southern Utah Single Family Homes & Condo’s in St George Utah, on MLS from 3/11/09 thru 4/11/09.
• 1,638 Active Single Family Homes & Condo’s in the Greater Saint George area of Southern Utah on WCBR MLS
• 276 Southern Utah Single Family Homes & Condos in the Greater Saint George area currently under contract or “pending”

Step 3…Pre Foreclosure

Depending on the property status, the seller will be the owner in default, the trustee or the foreclosing lender. To determine the property status on www.SaintGeorgeHomes.net, look at the MLS data sheet it will state if its REO, Short Sale or Pre-Foreclosure.

Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property. The borrower/owner can walk away with something to show for any equity in the property and avoid a bad mark on his or her credit history. The buyer has time to research the title and condition of the property and can realize discounts of 20 percent to 40 percent below market value.

If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand; however, a public auction offers some of the best bargains and avoids the unpredictability of dealing directly with the borrower/owner.

If the lender or government agency takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender usually sells the property to recover the unpaid loan amount. The lender typically clears the title for any buyer, but the potential bargain is often less than a pre-foreclosure or auction property.

In any event its off to Twitter…I have few Twitter names, and here are two: StGeorgeHomes or EquityStGeorge. I post these same stats there if you would like to get…”Just The Fact’s” Till Tomorrow. Saint George Homes.

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