Utah 6th in the Nation

By
Real Estate Broker Owner with UtahDave.com Neighborhood Experts
If you think there may be a foreclosure in your future, or if you're concerned about your loan modification, contact me so we can review your options. We may be able to get you $3,000 to short sale your home. Contact me for details and to see if you qualify.

Last week ALEX VEIGA of the Associated Press reported that "Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis." This number contrasts the positive news that the number of foreclosures beginning the process are actually declining and have been declining for the past seven months. The number of default notices was down only 1% from July, but down 30% from August of last year.

Even with less loans entering the foreclosure process, this is the 9th consecutive month where the number of foreclosed homes was higher than the same month last year.

Here are the estimated numbers of national foreclosures:

August 2010: 95,364 foreclosures
July 2010: 92,503 foreclosures
August 2009: 71,523 foreclosures

For those looking to pick up a deal on a foreclosure, you can view all foreclosures for sale in Utah here. You can also search Utah HUD homes for sale here!



Local statistics can be more applicable in real estate than national statistics. In Utah, 1 in every 230 houses received a foreclosure filing in August. That's slightly worse than July when we had 1in 242 homes foreclosed. The national average is 1 in every 381 homes. Nevada, which had the highest foreclosure rate in August, saw 1 in every 84 households receiving a foreclosure notice.

Here are the top 10 states for highest number of Foreclosures:

1 - Nevada
2 - Florida
3 - Arizona
4 - California
5 - Idaho
6 - Utah
7 - Georgia
8 - Michigan
9 - Illinois
10 - Hawaii.

If you are afraid of foreclosure, or loan modification failure, contact me for other options. We may be able to get you $3,000 to short sale your home. Contact me for details and to see if you qualify.
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Topic:
ActiveRain Community
Location:
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Groups:
Realtors®
Tags:
foreclosure
foreclosures

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Utah Dave

Homes for Sale - Utah
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Additional Information

Author Bio: Utah Dave (Dave Robison) specializes in building high-producing real estate sales teams that benefit home buyers with their specialized experience. Dave coaches teams and sells real estate all across Utah.

Realtor, Utah Real Estate Specialist! Utah Dave® specializes in assisting individuals and families with the purchase and sale of residential homes in the Salt Lake Area. If he doesn't specialize in it, he knows someone who does! Thats why he's Utah Dave®.


Dave also coaches real estate agents in the 3 secrets and 7 steps to building a real estate team/career. These steps took Dave from 20k in commissions to $1 Million in just 3 years.

View Dave Robison's profile on LinkedIn