foreclosure: Who is Fannie and Is She Related to Freddie? - 06/23/08 04:58 AM
Both nationally and here in Utah, the real estate market is changing and so is the mortgage market.  Over the last year or so the number of Utah foreclosures have been increasing and there is always a headline about the mortgage crunch.  As Utah real estate consumers, residents, and homeowners, we hear the terms FannieMae and Freddie Mac, and when listening to the newscaster or radio broadcaster talking it is easy to cloud over the details and just here the words "real estate", "buying", "mortgage", "FannieMae", and/or "Freddie Mac".  I had to laugh the other day, as my close friend and … (0 comments)

foreclosure: How Should the Utah Buyer Approach a Short Sale? (Part 2 of 2) - 04/28/08 02:40 AM
A few more tips for the Utah Buyer.  If you find you still have more questions about how to approach a short sale or foreclosure, please just give me a call, I'd love to help!
•·         As we discussed in the last short sale blog, negotiating a short sale property in the Utah real estate market can be time consuming.  So use the help of an experienced Utah real estate agent and give the seller's lender a deadline.  If the lender doesn't get back to you within the given time frame, take a look around the market and see what else is … (0 comments)

foreclosure: Utah Short Sales - 04/11/08 01:11 AM
Recently, I posted a blog about foreclosures being on the rise in Utah and provided a quick terminology list of common foreclosure terms.  That blog generated some great interest and also prompted some questions about short sales.  It seems many people are wondering exactly what a short sale is and how it differs from a foreclosure? 
What is a short sale?
A short sale occurs when a property is sold and the lender is willing to accept less than the current payoff.  The lender releases the lien even though they are receiving less than what is actually owed against the … (0 comments)

foreclosure: Foreclosure in the Utah Real Estate Market - 04/11/08 01:04 AM
Over the past few years national foreclosure statistics have been on the rise. 
Whether reading the newspaper, watching the news, or surfing the internet, the number of foreclosures and short sales made headlines.  Due to our strong economy and desirable real estate locations, foreclosure trends in the Utah real estate market were at a slower pace when compared to the national average.   In 2008 it’s evident that’s no longer the case, as foreclosures are beginning to have a greater impact on our Utah real estate market. is reporting that one in every 678 Utah households has foreclosure filings, which … (0 comments)