When it comes to finding Utah distressed homes, we have every house that is listed from every Realtor from Northern Utah to the South. Keep in mind that the word distressed isn’t necessarily meaning all damaged or a Fixer Upper but that the seller may need to sell sooner than later. Distressed homes have many names such as foreclosures, bank owned homes, short sales, pre-foreclosures, HUD homes, bank listings, and for sale by owners.
Utah Bank Owned homes are houses or properties that have gone back to the lending institution as collateral when a home owner has not paid on their mortgage payment. They are also call non-conforming loans. These properties have gone to auction with no bids causing the Banks or Lenders to take the house or property back thus the name bank own home. Call me or send me a text to find out how to make offers on foreclosures.