Utah foreclosures are a great way to own an affordable home in Utah. All of our Utah repossession properties and Utah home foreclosures for sale are updated daily.
Search through the best listings of foreclosures in Utah. We provide foreclosed homes and auctions in the major Utah cities. Choose a city and fing an excellent deal for you!
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According to the 2000 US Census, Salt Lake City, UT is the home of about 181,743 people. Some people may ...
In Utah you can expect an arid to semi-arid climate. The winters are mild along the Wasatch Front where roughly 80% of its population resides. The Wasatch Front is a chain of towns along the Wasatch mountain range. It stretches approximately from Brigham City in the north to Santaquin in the south. It includes the three major cities of Salt Lake City, Ogden, and Provo.
Housing is slightly higher than the national average in Utah making Utah home foreclosures a great consideration for finding a home in Utah.
Salt Lake City, named after Great Salt Lake due to its proximity, is Utah's capital city. Salt Lake City was home to the 2002 Winter Olympics and winter sports are a popular pastime there. For movie buffs, it also hosts portions of the Sundance Film festival. Salt Lake City is also culturally diverse with many nationalities calling it home.
Known for its high adventure recreation, Ogden, in Weber County, is renowned around the world. Adrenaline junkies can find adventures such as kayaking, mountain climbing, and skiing. It is also the closest sizable city to the Golden Spike, located in at Promontory Summit, where the first Transcontinental Railroad was joined in 1869. It is also scenic enough to make it into many Hollywood films including The Sandlot, Con Air, and Dumb and Dumber.
Provo, located in Utah County, is home to Brigham Young University, the third largest private university in the United States. It is also the location of the Church of Jesus Christ of Latter-day Saints' Missionary Training Center. Missionaries train there for 3 to 12 weeks before going out to the field on missionary work. It also hosts the Stadium of Fire, part of the America's Freedom Festival. The Stadium of Fire is one of the largest Independence Day celebrations in the United States.
Utah also has many other attractions. Arches National Park, located in Grand County, features over 2000 natural sandstone arches including the famous Delicate Arch, the state symbol of Utah. Bryce Canyon is a natural amphitheater in Garfield and Kane Counties. Bryce Canyon offers tourists spectacular views of its orange, red, and white rock formations. There are also many more beautiful and scenic national parks in Utah.
If Utah sounds like a great place to purchase a home, please check our Utah foreclosure listings for affordable housing choices.
While Utah allows both judicial and non-judicial foreclosures, it is non-judicial foreclosures that are more common. These occur when the mortgage in question carries a Power of Sale clause, allowing the lender to pursue foreclosure without obtaining a court ruling. Any mortgage without this clause requires a judicial foreclosure, where the court decided upon the amount owed and gives the defaulted borrower (homeowner) a certain amount of time in which to pay. If payment is not received, the court schedules a foreclosure sale of the property.
For non-judicial foreclosure, the lender must file a Notice of Default with the county register and mail a copy of it to the homeowner. Once this Notice is recorded, the homeowner has three months in which to settle the debt. If this does not occur, the lender may schedule a sale of the property.
After the three-month grace period has expired, a Notice of Sale must be issued and published in a local weekly newspaper for three consecutive weeks. The first publication must appear no more than 30 days before the sale will take place. Copies of the Notice of Sale must also be posted on the property in question and at the office of the county recorder.
Foreclosure sales in Utah are conducted as public auctions, with the property being awarded to the highest bidder. If the sale price exceeds the value of the property, all extra proceeds are to be divided among any Junior Lien holders (other lenders from whom the homeowner might have received mortgage loans).
Unless dictated otherwise by the court system, the original homeowner retains no right to redemption in Utah. The lender may pursue a deficiency judgment against the borrower for the difference between the amount of the original loan and the foreclosure sale price. The lender may also be able to seize the property until the differing amount is paid.
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