Thursday, December 22nd, 2011 at 6:47 pm
In a nutshell, The Utah short sale process involves the selling of a property for less than the amount owed to the lender(s). This essentially enables the homeowner to get out of a bad situation (i.e. foreclosure) without the need to come up with the entire mortgage balance or file for bankruptcy.
More often than not, the Utah short sale process can be implemented some time between the beginning and end of the foreclosure process in Utah. It occurs when the mortgage owing would not be covered by the purchase price, and enables a buyer to buy the property regardless of this fact. Read the rest of this entry
Tuesday, December 13th, 2011 at 3:03 pm
It's never too late
The idea of living frugally is one not easily embraced in our society. Everywhere we turn we are accosted with the latest and greatest thing we must have. It would appear this great recession we are finding ourselves in may be a direct result of our never-ending quest to accumulate beyond our needs.
If you are facing a Utah foreclosure, is it too late to start thinking about a more frugal lifestyle? I don’t believe it’s ever too late.
We all need to learn to become more pragmatic in our approach to the way we use our money. Being frugal is something we sometimes associate with the very poor. Read the rest of this entry
Wednesday, October 19th, 2011 at 12:54 pm
Image via Wikipedia
It is no mystery that a foreclosure can wreak havoc on your entire life, from its devastating effects on your credit to compromised future employment and even the prevention of you getting a security clearance. These are not small consequences, as a foreclosure can have a greater negative impact than even a bankruptcy! As one of the highest foreclosing states in the nation, Utah has been hit especially hard. A Utah short sale has been rescuing “under water” homeowners from devastation, and this article will explain how.
