Foreclosures in Utah County
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Utah has been experiencing a massive amount of Bank Foreclosures
in Utah County. I have been selling homes since 1995 and have never seen such an abundant supply of
Bank Repos. Distress Sales, resulting from bank
foreclosures, often represent a great way to get a fantastic
deal on a home. It's not easy for the average
homeowner to find these deals, because one has to
relentlessly search the outdated newspaper,
magazines and outdated websites to see when a distress sale
becomes available.
I have compiled a list of all the active Bank
Foreclosures in Utah County. This list is automatically
updated daily. You will find bank foreclosures in the
following cities: Santaquin Utah, Payson Utah, Elk Ridge
Utah, Woodland Hills Utah, Salem Utah, Spanish Fork
Utah, Springville Utah, Mapleton Utah, Provo Utah, Orem
Utah, Cedar Hills Utah, Pleasant Grove Utah, Highland
Utah, Alpine Utah, American Fork Utah, Lindon Utah, Lehi
Utah, Eagle Mountain Utah, Saratoga Springs Utah,
Vineyard Utah.
Are you looking for bank foreclosures in Utah County?
I sold several bank Foreclosures in Utah County in 2011
and purchase two myself for rentals. A few of the homes I sold for about 60% off their high two
years ago. I relisted one that was relisted a
few weeks later for $75k more and started receiving offers.
We can help you get an awesome deal on a Bank Foreclosure in Utah
County. The more you commit to working with us, the harder
we will search.
If you would like to see a list of the current Bank
Foreclosures in Utah County click the
"MAP SEARCH"
below:
The Utah County Bank Foreclosure Process Explained
The banks follow a similar pattern when doing a Bank
Foreclosure in Utah County.
Here is a typical time line.
Miss First Payment (0-30 days past due):
The process begins with you missing your first payment.
Most Mortgage Companies will give you a 15 day grace
period without any penalty. After that they will add a
late fee to the amount that is due. You may be able to
negotiate with them to take the payment without the late
fee to bring the loan current. You may want to call them
and try to get the payment removed. The bank typically will not
begin to call until you
become 30 days delinquent. After 30 days the calls will
begin.
Miss Second Payment (30–60 days past due):
When you miss the second payment some things change.
The bank will usually at this point only accept both months’
missed payments and will not accept any partial payments
to bring the loan current. Some banks will accept
partial payments but most will not. This will also include any
late fees they have tacked on. The collection phone
calls will begin to increase. The collection agencies
are very agressive and often rude. They will sometimes call
daily if you do not respond to them. The banks get a
little more aggressive when you are 30 - 60 days late on
a payment.
Miss Third Payment (90 days past due):
Typically when you reach 90 days past due the
Bank Foreclosure process will begin. They will hire an
attorney to start the Bank Foreclosure with the Utah
County Courts. You
should receive a demand letter from them stating that if
you do not bring the loan current by a certain date they
will file a bank foreclosure.
90–120 days past due:
You should receive a letter from the
Utah County Court system. The Mortgage Company will have
filed a law suite demanding payment because of default
and they will request a Judgment against you. You will
have 30 days to answer the appearance or a Judgment will
be entered against your name and property. You can
typically request a 30 day extension to file
an answer.
120-360 days past due:
Once the Judgment has been entered the Mortgage Company
will immediately file a request to sell the property at
auction with the Court at a Sheriffs sale. This will
help the bank clear off any other lien holders and
obtain legal rights to get an eviction. A Sheriff will
serve you with an eviction notice. In my experience this
whole process can take between 4-24 months before you
will get an eviction date. The time line depends on how
quickly the bank wants the property. You should
seriously consider doing a short sale rather than a bank
foreclosures in Utah County.
If you would like more information about
buying bank foreclosures in Utah County contact Paul
Teasdale with Team Teasdale Realty. Paul has SOLD
hundreds of foreclosures in Utah County over the past
two decades.
Eagle Mountain Bank Foreclosures
