utah: Can the bank kick me out? - 10/12/11 12:47 PM
The bank can’t make you leave your home until the foreclosure process is fully complete.  You are still the official homeowner until the lender has completed all of the necessary legal steps of the foreclosure process.  However, if you have already ditched the home and it becomes vacant, the bank has the legal right to secure the property.
It is unwise to leave the property vacated.  If the bank discovers it is left empty or attempts to confirm that someone still lives in it, they may send a bank official to check on the property.  They might have reason to suspect … (3 comments)

utah: Why would the bank foreclose on my home? - 10/10/11 03:24 PM
If you can’t keep up with your monthly mortgage payments, it forces the lender to take legal action in accordance with the promissory note you signed to obtain the mortgage note.  They will seize the property and try to recoup their losses by auctioning it or selling it.  The main goal of the bank by loaning you the money for a house purchase is to make a profit through the interest payments that you pay over a prolonged 15, 20 or 30 year mortgage. So, if you stop making those loan payments you are “defaulting” on the financial agreement between you … (1 comments)

utah: What Is Seller Financing and Is It Good For Me? - 09/17/11 09:52 AM
Seller financing can be a win-win situation for both the buyer and seller in a real-estate transaction.  As long as the contract is legal and both sides honor their obligations, both parties will find that seller financing is much less costly than traditional financing methods.
In most cases, there is no need for a traditional closing, unless the buyer is using proceeds from a mortgage loan to cover some of the home’s purchase price in addition to the seller financing.
The Seller
 For the seller, offering seller financing is a great way to attract buyers when the market is slow and … (0 comments)

utah: Are You Ready To Fight For Your Home? How to Fight Foreclosure! - 08/11/11 10:10 AM
Foreclosure is something that many people think can never happen to them.  The reality is it can happen to anyone.  It happens to good, responsible people every day.  There are many reasons that may leave us believing that foreclosure is the only option.
 
Rising interest rates Unemployment Health problems Divorce Personal tragedy such as the loss of a family member With the foreclosure process varies from state to state, here in Utah it is up to the lender and their attorney to determine how close they want to conform to the guidelines.  To help educate you on the process of … (0 comments)

utah: What is required to do a short sale? - 07/05/11 01:25 PM
In order to apply for a short sale, there must be a proven hardship of some kind. The bank wants to know what happened to make your expenses go up (medical bills, new baby, rate adjustment etc.) or what happened to make your household income go down (job loss/transfer, divorce, cut back in hours, etc.) This will all be explained in a hardship letter that you will need to write on your behalf.
Along with the hardship letter, the bank will want to see documentation to back up the hardship, as well as all of your financial data disclosed; just the … (0 comments)

 
Brian Pitcher (The Pitcher Group)

Brian Pitcher

Salt Lake City, UT

More about me…

The Pitcher Group

Address: 1214 E. Wilmington Avenue, Salt Lake City, UT, 84106

Office: (801) 893-1121

Mobile: (801) 891-6604

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