Stansbury Park New Short Sales & Pre Foreclosure Listings
Check out these Stansbury Park New Short Sales & Pre Foreclosure Listings .If your looking for a great buy on a Tooele County Home, these pre foreclosures could be the answer. They were just listed on the MLS and you may be seeing them before other agents in Tooele.
A short sale listing is a home listed on the MLS for less than the amount owed the lender (either a Bank, or Mortgage Co, or Credit Union). The owner of the Stansbury house knows they will not be able to continue to make the payments. Since the value of the home is no longer worth what it was when it was purchased, the home owner cannot sell it and pay off the mortgage. The concept of the short sale then is to sell the house for less, have the bank accept the price, and both parties avoid foreclosure. The bank avoids the cost of foreclosure, the buyer saves some of their credit. The Stansbury neighborhood has a new family maintaining the home. Finally, a new homeowner becomes a part of the Stansbury Park Community.
If no one can be found to buy the home in Stansbury Park at a reduced price, then the home will be foreclosed and the bank will take back the house.
Other Stansbury Park Homes listed For Sale.
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Call Berna @ 435-840-5029 if you would like more information on how to find and buy one of these Stansbury Park New Short Sales & Pre Foreclosure Listings
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