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
BEST DEAL (1/89)
Condo in Utah County
Provo, Utah 84604
Century 21 Everest Realty Group
(Real Estate Listing Office)
$137,900
4 bed, 4 bath
1344 sq ft
0.01 acre
Very cute (2/89)
Single Family in Utah County
Provo, Utah 84601
The Brokerage Real Estate Center LC
(Real Estate Listing Office)
$69,000
2 bed, 1 bath
660 sq ft
0.15 acre
Fantastic home. (3/89)
Single Family in Utah County
Lehi, Utah 84043
North Star Realty
(Real Estate Listing Office)
$184,200
4 bed, 3 bath
2134 sq ft
0.21 acre
Great 3 bd 2 (4/89)
Single Family in Utah County
Spanish Fork, Utah 84660
North Star Realty
(Real Estate Listing Office)
$95,500
3 bed, 2 bath
1008 sq ft
0.10 acre
Great property (5/89)
Single Family in Utah County
Lehi, Utah 84043
RE/MAX Results South Jordan
(Real Estate Listing Office)
$169,500
6 bed, 3 bath
2622 sq ft
0.15 acre
New roof, (6/89)
Single Family in Utah County
Pleasant Grove, Utah 84062
Century 21 Everest Realty Group
(Real Estate Listing Office)
$89,000
3 bed, 1 bath
2340 sq ft
0.26 acre
BANK OWN/ (7/89)
Condo in Utah County
Provo, Utah 84604
Secure Real Estate
(Real Estate Listing Office)
$94,900
3 bed, 2 bath
1108 sq ft
0.02 acre
PRICE BEING (8/89)
Condo in Utah County
Eagle Mountain, Utah 84005
