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The Utah Short Sale That Never Was And Why Honesty Matters

This is not your typical "I need to short sale my house" story in Utah.  It started out that way but turned into a very happy ending for the seller whose name is Shirley. Wikipedia defines a short sale as: "a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property. In other words, it is when people want to sell their house and more is owed than the house is worth.  In this case, … [Read more...]

How Many Reasons Are There To Sell A House Part 2

Part 1 of How Many Reasons Are There To Sell A House mostly talked about reasons a home owner needed to sell their house such as foreclosure or divorce.  This time I am going to talk about many of the reasons people want to sell their house such as wanting a nicer or bigger house. Market conditions play a bigger role in your decision making process when one wants to sell rather than needs to sell especially if you want to purchase another home. This is all because … [Read more...]

How Many Reasons Are There To Sell A House Part 1.

Why Sell A House? There are probably 100’s of reasons that different people want to sell their house.   Time to up size, time to down size, a new job in a new area, the neighborhood is changing and so on.  These are all reasons that are made because the seller wants to sell.  There are other reasons such as foreclosure, a property is inherited, divorce, unable to maintain the property or the grounds, and so on.   These are typically reasons that influence a seller … [Read more...]

What Types of Foreclosures Are There?

The mortgage holder can usually initiate foreclosure at a time specified in the mortgage documents, typically some period of time after a default condition occurs. Within the United States, Canada and many other countries, several types of foreclosure exist. In the U.S., two of them – namely, by judicial sale and by power of sale – are widely used, but other modes of foreclosure are also possible in a few states. Judicial foreclosure Foreclosure by judicial sale, … [Read more...]