Archives for November 2011

How long do I have to wait to buy a home after a short sale, foreclosure, or bankruptcy in Utah?

How long you will have to wait to qualify for a mortgage after a negative credit event, such as short sale, foreclosure or bankruptcy in Utah will depend on the what the current lender guidelines are at the time you apply. These guidelines are always changing.¬† In the below 2 samples, 2 Utah local lenders have outlined the waiting periods for short sale, foreclosure, bankruptcy, and deed in lou of foreclosure for originating¬† new FHA loans or Conventional loans at the time of their writing. There are some lenders, such as local banks and credit unions that will “portfolio” the loan and not sell it off on the secondary market. These types of lenders will NOT HAVE to conform to the FHA or conventional guidelines, but will have their own guidelines that may be more or less stringent.

http://investutah.com/wp-content/uploads/2011/11/Credit-Events-Matthias.pdf

http://investutah.com/wp-content/uploads/2011/11/Mauer_short-sale-recovery.pdf

If you are considering short selling your house and live in Alpine, Highland, Cedar Hills, Utah County, or Salt Lake County please call me for a free consultation. I will most likely have experience with you bank, can help you stay in your home longer and help you settle your mortgage debt. Steve Marx 801-471-7276

1766 Driftwood Dr Provo UT

Sold, 1766 Driftwood Dr Prov UT Asking 289,900

Incredible 7 bed 4 bath Provo home, over 4,000 sq ft with *Amazing* Views of the Lake and valley! Private back yard with mountain setting. Its rare to find a home for sale in this neighborhood. New kitchen, SS appliances, flooring, carpet, 3 tone paint, deck, 3 new bathrooms, new bronze fixtures, plumbing, electrical and more. This home is ready to move in. Priced to sell! Not *short sale or *bank owned, fast response to all offers. Call Steve 801-471-7276

*View Tour* http://www.obeo.com/702257

Listing Price: 289,900
Address: 1766 Driftwood Dr
City: Provo
State: Ut
ZIP: 84604
MLS # (if any):
Square Feet: 4347
Bedrooms: 7
Bathrooms: 4
Basement (full, 1/2, finished, unfinished): Full, Finished