Report-Pre-Foreclosures & Foreclosures - Tooele County !
This report on Pre- Foreclosures and Foreclosures in Tooele County doesn't look like many of the distressed property reports I've seen lately.
Pre Foreclosures are homes listed on the MLS as "Short Sales" or houses that need the approval of a 3rd party before title can change hands (Corporate Owned). Foreclosures are Identified as HUD Homes, Home Steps, REOs, or Bank Owned Homes.
Even as good as Utah is as compared to most of the country, Tooele County is even better.
Many Real Estate proffessionals are predicting that pre-foreclosure homes that are being offered as "short sales" will not sell, and ultimately will become Bank Owned creating a situation where 35 to 40% of homes listed for sale will be foreclosed REOs.
Not a good scenario........ BUT!!
In Tooele, If every Home listed for sale in Tooele City, Stansbury Park, Grantsville Ut, and Stockton, (99% of Tooele County homes) as a distressed property went to foreclosure, the percentage would be a modest 9%.
Thats unlikely to happen as most of the Tooele County's 55 distressed homes are spread out over the 3 major local housing markets, and the price spread is not weighted at one specific price point.
PRE-FORECLOSURE, FORECLOSURES IN THE 603 TOOELE LISTINGS:
Of the 603 Tooele County Homes listed in the MLS, only 55 are Bank Owned, Hud, Home Steps, Short Sales.
Those homes are located in:
Tooele City........27
Grantsville ........20
Stansbury Park...5
Stockton ..3
PRICE RANGE OF 55 PRE-FORECLOSURES & REOs IN TOOELE:
To $ 99,000 ............2 homes or 3% of the inventory.
$99,000 to $150,000.............14 or 25.4% of distressed homes.
$151,000 to $200,000............13 or 23.6% are Bank Owned Homes or Short Sales.
$201,000 to $250,000............15 homes are REOs or Bank Owned; 27.2%.
$251,000 to $300,000..............6 houses or condominiums; 10.9%.
$301,000 to $350,000..............4 homes or 7.2% of distressed homes listings.
$351,000 to $400,000..............1 home is listed as bank owned.
To search online for any one of the 603 homes listed for sale in Tooele, go to our website Tooele Homes and you can see pictures, prices, maps, everything we can think of to help you in your home buying search.
To talk Real Estate talk give us a call, @ 435-840-5029.
We can talk Real Estate, car racing, grand kids or this report-Pre-Foreclosures & Foreclosures in Tooele County.