29 August 2014

About Foreclosures in Tooele County

It's time to talk about foreclosures in Tooele County. Since we seem to lag behind the nation, and then Salt Lake by a couple of months, I thought I would look at that part of our market from both a local and a national perspective. I hope this information and these comments will allow you to plan your investments with an eye to the future.

What about foreclosures in Tooele County?

How many are there?

Where are they?

How do I buy a foreclosed HUD Home home?

What is the current state of the foreclosure market around the country?

These are all great questions for home buyers looking for good buys, and investment property in Tooele County.

Here are a list of foreclosed houses in Tooele County that are bank owned and have been through the process. I have broken them down into location by city to make your search easier.  


All Foreclosed Homes Tooele County

Find Foreclosures By City

Tooele City Foreclosed Homes and HUD Foreclosures

Grantsville UT Foreclosed Homes and HUD Foreclosures

Stansbury Park Foreclosures & HUD Homes

Erda Foreclosed Homes and HUD Foreclosures

Rush Valley Foreclosures

 

If you see anything you like on this list, give me a call. I have been dealing with banks on their REOs for years and know how to negotiate with lenders to get my clients the best possible deals. Interested in HUD Homes ? I am a registered agent with HUD and know about bidding on and buying HUD Homes.

Now for what they are saying around the country. Based on the following articles from agents around the country, a few things seem pretty clear regarding buying foreclosed homes.

  • Inventory of distressed property is way down.
  • Low inventory is temporary
  • Stable interest rates are a key factor
  • Buying foreclosed homes is still a good strategy

Here are some interesting articles about the distressed properties and foreclosed homes for sale.

 

CoreLogic: U.S. Foreclosures Down 21 Percent In July

The number of completed foreclosures declined by 21.2 percent in July, with 45,000 foreclosures across the country last month compared with 57,000 in July 2013, according to a new report from real estate data and analytics ...

Read more ...

Dip in Foreclosures Only Temporary? | Realtor Magazine

In May, there were 47000 completed foreclosures nationwide, down 9.4 percent year-over-year, according to CoreLogic's May National Foreclosure Report. Every state posted double-digit year-over-year declines in ...

Read more ...

January 2014 Foreclosure Market Report - RealtyTrac

Foreclosure filings were reported on 124419 U.S. properties in January an 8 percent increase from December but still down 18 percent from January 2013.

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Foreclosures Sink 21% Year-Over-Year as Inventory Falls ...

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Over the past year, the U.S. foreclosure rate dropped 21.2 percent, down to 45,000 in July. That's the 18th straight month of at least a 20 percent year-over-year decline, according to CoreLogic's latest update on foreclosures ...

Read more ...

The Foreclosure Fade, and What it Means for the Housing ...

But there's another important factor that explains the housing market dynamic right now: the foreclosure crisis has faded. This isn't to say foreclosures are over, but so-called “distressed” sales accounted for just 11% of sales in ...

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Foreclosures No Longer 'A Widespread Contagion'

Foreclosure rates for the month of June, 2014 were observed to have reduce to a limit close to the rates existing before the housing crisis.

Read more ...


Hope this post has been helpful.

Buying Foreclosed Homes is not the same as buying a used house.But..... I know how to do that. I have done a ton of them

Foreclosures are owned by banks , lending institutions, or FHA. I have a lot of experience negotiating that type of deal. If you would like to talk about foreclosures in Tooele County, give me a call Berna Sloan 435-840-5029. We can do this.

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