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 230 Homes Listed
Page 1
Beautiful Mt views (1/230)
Single Family in Utah County
Alpine, Utah 84004
Century 21 at the Rockies/Union Park
(Real Estate Listing Office)
$177,900
7 bed, 4 bath
4333 sq ft
0.46 acre
kept like (2/230)
Condo in Utah County
Lehi, Utah 84043
Keller Williams Utah Realtors
(Real Estate Listing Office)
$155,000
3 bed, 3 bath
1787 sq ft
0.02 acre
1 offer (3/230)
Condo in Utah County
American Fork, Utah 84003
R and R Realty, LLC
(Real Estate Listing Office)
$114,900
2 bed, 2 bath
1136 sq ft
0.01 acre
SHORT SALE! (4/230)
Condo in Utah County
Provo, Utah 84606
Guardian Real Estate
(Real Estate Listing Office)
$115,000
4 bed, 3 bath
2070 sq ft
0.02 acre
OFFER HAS ALREADY (5/230)
Single Family in Utah County
Provo, Utah 84601
R and R Realty, LLC
(Real Estate Listing Office)
$125,000
4 bed, 2 bath
2083 sq ft
0.16 acre
We need (6/230)
Single Family in Utah County
Provo, Utah 84601
Keller Williams Westfield Real Estate
(Real Estate Listing Office)
$129,900
4 bed, 3 bath
2048 sq ft
0.15 acre
great byu approved (7/230)
Condo in Utah County
Provo, Utah 84604
Mountain Land Realty
(Real Estate Listing Office)
$117,900
3 bed, 2 bath
1060 sq ft
0.02 acre
BANK OWNED, (8/230)
Condo in Utah County
Lehi, Utah 84043
Foundations Real Estate
(Real Estate Listing Office)
$139,900
3 bed, 2 bath
1361 sq ft
0.04 acre
Short sale, (9/230)
Single Family in Utah County
Mapleton, Utah 84664
