Are you behind on your house payments and being threatened with
Have you received a Notice of Default from an attorney?
Do you realize you still have time to do something?
As professional REALTORS, we have seen people walk away from their
homes long before they need to and give up their rights. Guess what
happened when their home was foreclosed on by their lender? The
lender listed it with a REALTOR! The homeowners could have done
Many homeowners do not understand Utah’s foreclosure laws.
Remember all those papers you signed when you closed escrow on your
home? Those papers gave your lender legal rights, but they gave
you rights, too!
Most home loans in Utah are made using a Deed of Trust. Once you
have defaulted making your monthly payments, the lender’s
attorney can file a Notice of Default with the county your property
is located in.
You have 90 days from that date before the house
is actually foreclosed on to do something!
What can you do? Sell the house and prevent having
a foreclosure on your record.
Don’t let foreclosure occur! Block foreclosure
by quickly selling your house now and your credit record will look
much better to the next lender you approach for a home loan.
Have you been told you owe more on the house than it is worth in
today’s market and you think that traps you in a situation
where you can’t market your home? It doesn’t.
You can market your home and advertise it as a possible short sale
regardless of the amount it is worth and the amount you owe.
What is a short sale? A short sale is where a lender agrees to
accept an amount less than you owe. Lenders obviously don’t
like to do that, but they do it all the time. Why? They do it because
it’s expensive for them to foreclose and sell a property.
If you have a REALTOR present your lender with a viable short sale
contract, they are apt to cooperate and put you in a much better
So why walk away when you still have time to significantly improve
a bad situation? Act now! The sooner your home is marketed by a
REALTOR who knows how to get it done, the better off you will be!
We are experienced in dealing with situations like yours. We are
ready and willing to help you avoid foreclosure. Call us today!
Disclaimer: Neither the principal broker of JADA Properties
nor its agents are licensed attorneys-at-law.