How to Buy a Provo Utah Short Sale
Short sales in Provo occur when property values drop or
inflated appraisals were obtained, making the property worth less than the
amount of its mortgage. This means when a seller enters into a purchase
contract to sell for an amount that is less than the home’s present mortgage
balance, if the seller isn’t bringing in money to close, the lender must
approve the short sale. That’s because the lender is taking a loss. Are you
looking to buy a Provo Short Sale? Paul Teasdale of Team Teasdale Realty has
been helping buyers and sellers with short sales in Utah County since 2000. Hire an experienced Realtor that can help you purchase a short sale in Provo
Utah.
| MLS #: |
849745 |
Tour/Open: |
NA / |
 |
| List Price: |
$175,000 |
Status: |
Sold |
| Short Sale: |
Price previously approved by 3rd
party |
|
CDom: |
613 |
List Dt: |
12/01/2008 |
| Dom: |
40 |
|
|
|
CtDom: |
9 |
Ctr Dt: |
06/10/2009 |
| Sold Price: |
$175,000 |
Sld Dt: |
06/19/2009 |
| Concessions |
$5,250 |
Sld Trms: |
FHA |
| City: |
Provo, UT 84604 |
| County: |
Utah |
Restrict: |
No |
| Proj/Subdv: |
|
| |
|
|
|
| |
|
|
|
| Zoning: |
|
HOA Fee: |
$0 |
| School Dist: |
Provo |
Elem Schl: |
Rock Canyon |
Jr High: |
Centennial |
| Sr High: |
Timpview |
Priv Schl: |
|
Other Schl: |
|
|
Lvl |
Approx
Sq Ft |
Bed
Rms |
Bath |
Fam/
Den |
Dining |
Laun
dry |
Fire
Plc |
| F |
T |
H |
K |
B |
F |
S |
4
3
2
1
B
|
0
0
0
1,700
1,033
|
0
0
0
2
2
|
0
0
0
1
0
|
0
0
0
0
0
|
0
0
0
1
0
|
Y
Y
|
Y
|
|
|
|
Y
|
0
0
0
2
0
|
| Tot |
2,733 |
4 |
1 |
0 |
1 |
2 |
1 |
0 |
0 |
0 |
1 |
2 |
|
| Type: |
Single Family |
| Style: |
Rambler/Ranch |
Yr Built:
Deck|Pat:
Garage:
Carport:
Prkg Sp:
Fin Bsmt:
|
1950
0 | 1
1
0
2
100 %
|
Under Const:
Acres:
Frontage:
Side:
Back:
Irregular:
|
No
0.19
0
0
0
No
|
|
| Roof: |
Aluminum, Tar-Gravel |
Basement: |
Full |
| Heating: |
Forced Air, Gas Central |
Garage/Park: |
Attached |
| Air Cond: |
Evap. Cooler Window |
Driveway: |
Concrete |
| Floor Cov: |
Carpet, Tile |
Water: |
Culinary |
| Window Cov: |
Blinds, Draperies |
Sewer: |
Connected, Public |
| Exterior: |
Brick |
| Landscape: |
Full Landscaping, Mature Trees, Pines |
| Lot Facts: |
Corner Lot, Curb & Gutter, Fenced Full,
Paved Road, Secluded Yard, Sidewalks, Sprinkler,
Auto-Full, View, Mtn |
| Exterior Feat: |
Patio Covered, Skylights, Sliding
Glass, Storm Doors |
| Interior Feat: |
Dishwasher, Disposal, Formal Dining,
Oven-Wall |
| Amenities: |
Cable TV wired, Electric Dryer Hookup,
Gas Dryer Hookup |
| Inclusions: |
Refrigerator, Storage Sheds |
| Terms: |
FHA, Conventional, Cash |
| Remarks: |
Price Approved. Easy to show! Sold
as-is; Price terms and commission subject to bank
approval. Great deal in NE Provo. Bring us an offer~!
|
Search Provo Utah Short Sales
Short sales are not always bargains for a buyer. It
doesn’t mean the buyer is purchasing the property under market, and it can
take a long time to close, if it closes at all, among a host of other
reasons. Not all lenders will approve a short sale, and many short sale
prices that are advertised are not real prices. They are guesses at what it
takes to sell the home. I have seen some really great deals on short sales
over the years.
Many buyers looking for a short sale get frustrated by
the waiting process to purchase a short sale. The seller of a short
sale often does not submit their short sale packet to their bank until after
they have secured an offer on a home. This causes a delay. I did
one short sale that took 25 months for Wells Fargo to approve. My team
did another one that was closed within 40 days. I think the average
length of a short sale in Utah County is probably around 5 months.
If you are looking to buy a short sale contact our team
and we will help you.
List of
Provo Utah Short Sales that are available today.
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