Archive for the ‘Utah’ Category

Number of Utah Foreclosure Homes Drop

Thursday, August 9th, 2007

Speculations abound as the nation wonders about the fate of the foreclosures situation. In Utah, however, many owners are now able to pay their mortgages, effectively stopping their lenders from initiating foreclosure proceedings. Lenders are quite relieved with this especially because they no longer have to waste money on expensive foreclosure costs. Although there are still quite a number of Utah foreclosure houses for sale, market conditions are way better.

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Utah Foreclosures Rate Drops

Wednesday, June 27th, 2007

The improving economic condition has resulted to less Utah foreclosure homes. Nationally, foreclosure homes rate has surged by almost 20 percent while the state escaped the trend and posted a negative percent change for the month of May. Since the current house foreclosures situation has been linked to subprime mortgages, it is not surprising that the situation is looking good for Utah. Compared to other states, the subprime lending share of Utah is considerably smaller.

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Foreclosures Rate in Utah Decreases by 33%

Friday, May 11th, 2007

For the first quarter of 2007, Utah experienced a considerable 32.40 percent decrease in foreclosures rate compared to 2006. From January to March, the state recorded 2,406 homes in some stage of foreclosure and with a rate of 1 foreclosure for every 319 homes. The current data places Utah at the 14th spot among the states with the highest foreclosures rate. The decrease in foreclosures activity signals buyers that the time is just about right to invest in Utah foreclosures.

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