Banks and lending institutions eventually end up owning a home after the home owner stops making payments. The process of the institution taking the home from its default owner is called foreclosure. In Utah, this can take seven or more months.
Banks typically do not like to own homes. They are in the business of lending money, not managing real estate. Each bank has its own policy as to the disposition of its unwanted real estate. Some banks sell their properties as quickly as possible below market value. Other banks fix up their homes and try to sell at market value. Banks will most always sell their homes as-is. This helps protect the bank from further loss or litigation.
Banks are in the business of making money. They will not give away their real estate. In fact, the institution will try to sell their properties for as much as possible. In todays market, a bank may offer a 5-15% discount in order to sell their unwanted real estate quickly.
I'm ready to answer any question you might have about any of these listings. Call or email now!
Gary Pryor "Your Home is my Priority!"
Altius Realty
Email: priority@ListingUtah.com 801-221-9860
1 through 10 of 89 Homes Listed
Page 1
BANK APPROVED (1/89)
Single Family in Salt Lake
Draper, Utah 84020
Equity Real Estate - Prosper Group
(Real Estate Listing Office)
$275,000
4 bed, 3 bath
3666 sq ft
0.18 acre
Accepted offer (2/89)
Single Family in Salt Lake
Payson, Utah 84651
South Rim Realty
(Real Estate Listing Office)
$130,725
4 bed, 2 bath
2214 sq ft
0.18 acre
NOT a short (3/89)
Single Family in Salt Lake
Orem, Utah 84097
Equity Real Estate - Professionals
(Real Estate Listing Office)
$147,900
5 bed, 2 bath
2184 sq ft
0.17 acre
Home Sold (4/89)
Single Family in Salt Lake
Spanish Fork, Utah 84660
Clear Choice Real Estate Co
(Real Estate Listing Office)
$199,000
6 bed, 3 bath
2833 sq ft
0.29 acre
Per seller (5/89)
Condo in Salt Lake
West Jordan, Utah 84088
RE/MAX Results South Jordan
(Real Estate Listing Office)
$89,900
3 bed, 2 bath
1476 sq ft
0.09 acre
Nice East (6/89)
Single Family in Salt Lake
Sandy, Utah 84092
Cloudveil Realty
(Real Estate Listing Office)
$274,900
4 bed, 4 bath
3202 sq ft
0.19 acre
SHORT SALE (7/89)
Single Family in Salt Lake
Sandy, Utah 84070
Ekstrom & Associates Realty, Inc.
(Real Estate Listing Office)
$119,500
3 bed, 2 bath
1910 sq ft
0.14 acre
Home Sold (8/89)
Condo in Salt Lake
West Jordan, Utah 84084
Clear Choice Real Estate Co
(Real Estate Listing Office)
$149,000
3 bed, 3 bath
1489 sq ft
0.01 acre
Great Taylorsville (9/89)
Single Family in Salt Lake
Taylorsville, Utah 84118
