Utah Notice of Defaults September 2008

Notice of defaults continued their upward trend after a August lull with 574 default filings for the month of September.  Although this is a relatively high number, it is still less than July's dramatic jump to 892 filings.  We can expect a portion of these loans to end up as foreclosures on the Salt Lake Market.  Given the foreclosure time line, it is likely we will see a surge in foreclosures in Spring 2009
 

All data taken from the WFRMLS. Information not guaranteed. All rights reserved Mark Alder ©, a Salt Lake City Real Estate Agent cell (801) 979 6275