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bank owned in tremonton ut: How to Buy a Bank Owned home - 11/18/10 09:30 AM
Hello Mr/Mrs/Ms Buyer/Investor,
Shopping for a great deal on a home? Bank owned homes can be a really great bargain. Here are some things that you should be aware of before going to look at homes.
1) You MUST be pre-approved for a loan before shopping. The banks who own the home will not consider your offer without some demonstration of ability to close.2) If you are paying cash, you MUST show proof that you have the cash.  Get a letter signed by your banks branch manager on the bank letterhead attesting that you have available funds.3) If you are … (1 comments)

bank owned in tremonton ut: The Housing Market is just great...why do you ask? - 11/11/10 04:01 PM
Several times a week it seems someone makes a comment about the lousy Utah Housing Market. The housing market is just great actually....it all depends on your perspective.  Are you buying or selling? What do you expect from the housing market? What is your perception of normal? All of these questions when answered will get to the bottom of why consumers think the housing market is not so good.
1) Are you buying or selling? For the home buyer the housing market is FABULOUS.  With low 4% interest rates and the fact that there are many loan programs available {and … (3 comments)

bank owned in tremonton ut: From Foreclosed to Renter- You May be Memorable - 09/01/10 10:13 AM
How many Realtors have gone into homes that are now bank-owned with disgust and amazement at the condition of the property? The former borrowers do get grumpy and start pulling fixtures out and bashing in the walls, right?  Some of the houses are just plain disgusting after the former owner moves out. You know the ones....let the animals soil the carpet or the house looked like it had not been cleaned in years. 

Someday, somewhere these former owners will need to be renters. Will anyone care what condition you left your home?  One of the key factors in determining who to rent … (3 comments)

bank owned in tremonton ut: FICO SCORES ... How They're Arrived At ... How They're Affected by Short-Sales, Foreclosures, & Bankruptcies - 05/07/10 09:45 AM
A very concise detailed explanation of the affect of financial situations on your FICO score. Late payments? Too Many credit cards? Maxing out your credit cards? Foreclosure or short sale? Bankruptcy?
Thanks to Gene Mundt, professional mortgage banker for the explanation.

Via Gene Mundt (Chicago Bancorp):
    
     It is pretty much understood, that if in foreclosure or going through a short-sale, credit scores are going to take a hit.  What has not been clearly understood ... is just how much of a hit is felt?  Until recently, there had not been much of a barometer or "method" known for calculating or determining how these delinquencies would affect a … (0 comments)

bank owned in tremonton ut: Borrower Obligation to Preserve Property-No You Cannot Destroy even in Foreclosure!!! - 01/16/10 05:08 PM
We all know that foreclosures are part of the real estate landscape now and likely to continue for at least another year probably more.  Many borrowers are taking their frustration for their circumstances out on the house.  What do you suppose gets inside the minds of borrowers who think that it is the lenders fault they quit making their payments?  Now there are certain stories I have heard about where the lender receives the payments and does not apply them to the correct loan and forecloses anyway.  Those are probably the exception rather than the rule.  As an REO agent, I … (2 comments)

 

Kathy Fuhriman

Tremonton, UT

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Bear River Valley Realty

Office Phone: (435) 257-2787 x 101

Cell Phone: (435) 730-3583

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