CALL INFO LINE: 801-858-3070
|
If you are looking for Utah bank owned properties, you came to the right place! Whether you are a new homebuyer or an expert real estate investor, all the bank owned homes are right here. Our website can make it fast, fun, and easy for you to find bank owned properties to choose from.
What is a bank owned home? Bank owned homes (reo homes) is a term used for properties that have come under the direct control of a bank as a result of a previous homeowner's default on their mortgage loan. Basically, when a homeowner can no longer keep up with their mortgage payments, the lending bank will seek to repossess the home and put it up for sale at public auction. If the property is not sold through the auction, then it is awarded to the bank, which then seeks to sell it off themselves in order to collect the remaining debt owed on the delinquent loan.
Contact us to have a your own specific bank owned search criteria setup. Some banks, and/or the agents they hire to market their properties, intentionally obscure the fact that they are bank owned. The purpose behind this is to curb the expectation that it's a distress sale and therefore get better offers. This makes it impossible at times for the basic MLS search to recognize them. Don't let any bank owned properties slip through the cracks! |
|
Property For Sale
Count: 103
Avg: $194,500
Avg $ SqFt: $79
Search Area:
Alta, Bluffdale, Brighton, Cottonwood Heights, Draper, Draper (UT Cnty), Herriman, Holladay, Kearns, Magna, Midvale, Murray, Riverton, Salt Lake City, Salt Lake County, Sandy, Snowbird, Solitude, South Jordan, South Salt Lake, Taylorsville, West Jordan, West Valley City
Price: $0 to $25,000,000
Type: ALL
Style: NA
Sale Type: Foreclosure
Sorted By:
Price
|
|
|
|