Fantastic deals on bank foreclosures in Utah County are
becoming increasingly difficult to aquire. A buyer needs to
be very familiar with the Utah County real estate market and
be ready to move fast. The best way to be a real player in
this segment of the real estate market is to have cash. It
is possible to buy with a loan, but you must be ready to
close quickly.
I have sold over $120 million dollars of Real Estate in Utah
County in the past 13 years. A portion of my business has
been negotiating with banks on behalf of my buyer and seller
clients. This can be very stressful. I learned very early
in my career that banks can be very dishonest. They don’t
care about the individual; they only care about their
precious spreadsheet.
A short sale is when the bank has agreed to sell the home at
a loss to avoid going into a costly and lengthy foreclosure.
Many people advertise homes that are short sales. You should
ask if the home is an approved or unapproved short sale.
If the home is an unapproved short sale don’t make an offer.
The home may never be approved or by the time it is
approved, it could have ten offers. If you chose to make an
offer on an unapproved short sale, don’t get your hopes up.
You will most always be disappointed several long months
later. You need to be able to discern the true and available
bargains and jockey into a non-competing first position.
If it is truly an approved short sale, you must demand that
the selling agent commits to your offer and pushes your
offer through the slow bank. Otherwise, you will end up with
several competing offers. Negotiating and buying a short
sale in Utah County is a complete and skilled art. It is one
of the most difficult parts on my job. This is where an
experienced Utah Realtor can be a very valuable asset.
It's not easy for the average homeowner to find these deals,
because you have to keep scouring the paper to see when one
comes up. This information is often out of date. If you're
the type of person who recognizes what a great deal some of
these properties could represent, you will be interested to
know about a new free computerized service which
automatically searches out and downloads a current list of
all such properties day in and day out. When you receive
this free, no obligation service, you're automatically
plugged in to the most current list of Foreclosure
Properties on the market in Utah, in the price range and
area that interests you. This FREE daily service will save
you a lot of research and running around.
Here's how it works. You will receive a FREE computerized
report listing the current Foreclosure Properties in your
desired price range and location. There is no cost for this
information, and absolutely no obligation. This insider
information, sent to you in an incredibly simple and
efficient format, will give you a huge advantage over other
buyers in the marketplace.
You can request this free service by simply filling out the
information on this form including the specific price range
and area you would like the "Foreclosure Report" on. When
you have completed this
request, simply click the "Submit" button at the bottom
of the page.