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Bank Foreclosures in Utah County

Search Bank Foreclosures in Utah County

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Utah has been experiencing a massive amount of Bank Foreclosures in Utah County. I have been selling homes since 1995 and have never seen such an abundant supply of Bank Repos.  Distress Sales, resulting from bank foreclosures, often represent a great way to get a fantastic deal on a home. It's not easy for the average homeowner to find these deals, because one has to relentlessly search the outdated newspaper, magazines and outdated websites to see when a distress sale becomes available.

I have compiled a list of all the active Bank Foreclosures in Utah County. This list is automatically updated daily. You will find bank foreclosures in the following cities: Santaquin Utah, Payson Utah, Elk Ridge Utah, Woodland Hills Utah, Salem Utah, Spanish Fork Utah, Springville Utah, Mapleton Utah, Provo Utah, Orem Utah, Cedar Hills Utah, Pleasant Grove Utah, Highland Utah, Alpine Utah, American Fork Utah, Lindon Utah, Lehi Utah, Eagle Mountain Utah, Saratoga Springs Utah, Vineyard Utah. Are you looking for bank foreclosures in Utah County?

foreclosures in utah county
I sold several bank Foreclosures in Utah County in 2011 and purchase two myself for rentals. A few of the homes I sold for about 60% off their high two years ago. I relisted one that was relisted a few weeks later for $75k more and started receiving offers.  We can help you get an awesome deal on a Bank Foreclosure in Utah County. The more you commit to working with us, the harder we will search.

If you would like to see a list of the current Bank Foreclosures in Utah County click the "MAP SEARCH" below:

Search Utah County Bank Foreclosures

The Utah County Bank Foreclosure Process Explained

The banks follow a similar pattern when doing a Bank Foreclosure in Utah County.
Here is a typical time line.

Miss First Payment (0-30 days past due):

The process begins with you missing your first payment. Most Mortgage Companies will give you a 15 day grace period without any penalty. After that they will add a late fee to the amount that is due. You may be able to negotiate with them to take the payment without the late fee to bring the loan current. You may want to call them and try to get the payment removed. The bank typically will not begin to call until you become 30 days delinquent. After 30 days the calls will begin.

Miss Second Payment (30–60 days past due):

When you miss the second payment some things change. The bank will usually at this point only accept both months’ missed payments and will not accept any partial payments to bring the loan current. Some banks will accept partial payments but most will not. This will also include any late fees they have tacked on. The collection phone calls will begin to increase. The collection agencies are very agressive and often rude. They will sometimes call daily if you do not respond to them. The banks get a little more aggressive when you are 30 - 60 days late on a payment.

Miss Third Payment (90 days past due):

Typically when you reach 90 days past due the Bank Foreclosure process will begin. They will hire an attorney to start the Bank Foreclosure with the Utah County Courts. You should receive a demand letter from them stating that if you do not bring the loan current by a certain date they will file a bank foreclosure.

90–120 days past due:

You should receive a letter from the Utah County Court system. The Mortgage Company will have filed a law suite demanding payment because of default and they will request a Judgment against you. You will have 30 days to answer the appearance or a Judgment will be entered against your name and property. You can typically request a 30 day extension to file an answer.

120-360 days past due:

Once the Judgment has been entered the Mortgage Company will immediately file a request to sell the property at auction with the Court at a Sheriffs sale. This will help the bank clear off any other lien holders and obtain legal rights to get an eviction. A Sheriff will serve you with an eviction notice. In my experience this whole process can take between 4-24 months before you will get an eviction date. The time line depends on how quickly the bank wants the property. You should seriously consider doing a short sale rather than a bank foreclosures in Utah County.

If you would like more information about buying bank foreclosures in Utah County contact Paul Teasdale with Team Teasdale Realty. Paul has SOLD hundreds of foreclosures in Utah County over the past two decades.

Eagle Mountain Bank Foreclosures

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