Utah Foreclosure Rate Ranks in Top Five

Short Sale Homes and Help

While Nevada continues to have the highest foreclosure rate, Utah also ranks in the top five, according to recent data from RealtyTrac. States With The Highest Foreclosure Rate: Nevada: 6 percent (1 in 16 housing units received at least one foreclosure filing in 2011) Arizona: 4.14 percent (or 1 in 24) California: 3.19 percent (or [...]

Home Foreclosures Down to 2007 Levels

Short Sale Homes and Help

Foreclosure numbers during last year dropped to 1.89 million in 2011, a decrease of 34 percent from 2010. Foreclosure filings are expected to rise again. in 2012.

Fannie Mae Offers Help To Unemployed Homeowners

Short Sale Homes and Help

Find out if you qualify for a mortgage forbearance through Fannie Mae or Freddie Mac.

Housing Market Expected To Rebound This Year

Short Sale Homes and Help

A study that involved thousands of ReMax real estate agents revealed that the housing market will start to recover in 2012, with an increase in sales and stabilizing home prices. The majority of Realtors surveyed believe that home prices will stay the same, or increase during 2012. However, the number of foreclosure (distressed) sales are [...]

Transforming Foreclosures to Rental Properties?

Short Sale Homes and Help

The US Treasury Department along with The Federal Housing Finance Agency and the U.S department of Housing and Urban Development (HUD) have been working on a new program that would transform foreclosed homes into rental properties. Details of the program are currently very limited, however a foreclosure rental program is expected to take shape sometime [...]

Local Attorneys Defrauding Struggling Homeowners?

Foreclosure Fraud

Several attorneys are offering to help homeowners prevent foreclosure by collecting hefty upfront fees, claiming they will work with the bank to stop the foreclosure.

Modified Mortgages And Counseling Help Homeowners Stay Current

Short Sale Homes and Help

Homeowners with modified mortgages are more likely to stay current on their payment when receiving counseling assistance.

Foreclosures and Short Sales The New Norm

Short Sale Homes and Help

Foreclosures and short sales are expected to represent even more market share during the coming year.

FHA Extends 90 Day Flipping Rule Waiver Through 2012

Short Sale Homes and Help

The Federal Housing Administration (FHA) is extending the “anti-flipping” waiver through 2012. The waiver allows home buyers to purchase houses using FHA financing that had been previously sold within the past 90 days.

Utah Among Top 10 in Foreclosures

Foreclosure Statistics December 2011

In terms of number of foreclosures, Utah currently ranks fourth in the nation with 1 out of every 290 homes being taken back by the bank. Moreover, the number of foreclosures in Utah increased 74% in November from October. Nevada ranked first in number of foreclosures for the 59th month in a row. Ironically, Nevada [...]