Salt Lake County real estate absorption report Short sales and bank owned property are still driving the market!

The Absorption report for salt Lake County is moving in an upward direction over 10 month of inventory which would indicate prices will be decreasing!  If you would like a specific neighborhood or city report leave me a comment and I will post it and email it to you!

Salt Lake County Real Estate Absorption  [...]

Salt Lake City Short Sales: Who benefits from a short sale?

Salt Lake City UT – First, it benefits the owner of the loan. This is because they get to sell the house at today’s price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings.

All of the listings were the similar properties [...]

Salt Lake City Short Sales: How Short Sales help the economy

Salt Lake City UT – Yesterday’s post talked about how banks lose money when they turn down short sale offers. A recent study by Boston Consulting Group showed that a lender will net 20% more money on a short sale versus a foreclosure.

Discover how other sellers successfully did a short sale and request a [...]

The Salt Lake City Town Hall Meeting on Changing foreclosure law in Utah

This is a clip of the most interesting part of the Town Hall Put on By Rep Trisha Beck. Thanks You Trisha.  I really liked hearing the stories of home owners.  I couldn’t tape my self.  I said it was once said Greed is Good in a movie if that is true banks are [...]

How To Negotiate A Wells Fargo Short Sale in Salt Lake City

Salt Lake City UT – Wells Fargo is one of the largest lenders in the US. They are the second biggest short sale lender we work with. The Wells Fargo Loss Mitigation Department is much better to work with than lender’s loss mitigation departments.

Discover how other sellers successfully did a short sale and request [...]