The Blog House

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According to RealtyTrac, foreclosure activity in Utah is up 10% from last month and up 104% for the year. The biggest jump from October was seen in the number of properties going to the auction [Notice of Trustee […]

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The current market offers a smorgasbord of deals for the
buyer with money to put down, good credit, and patience. For first time homebuyers or those struggling
with down payment and credit issues, your best bet is still going to be going FHA with a normal seller situation. But for those with something to bring to the
table, […]

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5 Tips For Buying a Foreclosed Home

After
turning on the T.V. this week I felt like grabbing all my money and
heading for the hills. But when the dusts settles a little bit and the
panic recedes, there is going to be a ton of opportunity. And a
perfect example is REOs or Bank Owned Homes. […]

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September 2008 Inventory Levels

Home inventory levels
are figured out by taking the number of homes on the market in a given zip code
and dividing it by the number of homes sold in that zip code for the last 30
days. The answer will give you the
absorption rate. Or the number of months
it would take to […]

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Notice of defaults (when a homeowner does not make mortgage
payments for 90 days) were way up in Utah
for the months of July and August. This
is likely a sign of a surge of foreclosed homes to soon hit the Salt Lake
market. As these properties work there
way through the system, many will eventually get foreclosed […]

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Radon In Utah

The Utah Safety Council provides some very helpful
information on their website for anyone who is thinking of buying a home and is
concerned about radon.  Radon is a gas
released from uranium that is most often found in the soil and seeps into the
home.  The radon gas can get trapped in
the basement of the home […]

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What is FHA?

FHA is a program started back during the depression. This program allows the Federal Housing Authority under HUD to back and insure loans.

Who is the Best Candidate for FHA?
 
Those with a poor credit score but good job history and manageable debt to income ratios. Also, those who do not […]

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If so, then here are four reasons why Salt Lake is the best market for foreign investors considering U.S. real estate:
1) Strong Economy. Even though much of the nation has slipped into a recession in the last few years, Salt Lake’s economy remains strong with 50,000 jobs added each year.
 
2) International […]

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Free Home Buyer Seminar
 
You Will Learn…

How much cash do I need in hand to buy a home in Salt Lake City?

What are the best loan programs available in Salt Lake City given the current loan market?

What other costs are associated with buying a home […]

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Recently I have had a few buyers that I am working with asking to see foreclosures and short sale homes. They are looking online and attracted to these home because of the low list price. In this case, the list price should not be considered the price the house will sell for.
 
A short […]

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