Short Sales
Before you buy one you must understand what you are doing. A short sale is when the bank is being SHORTED the amount that they are owed. A short sale is NOT A BANK FORECLOSURE. A short sale happens before foreclosure. Usually the owner of the property has been backed a few plus months on payments and decides to sale the property. They soon find out that they OWE on their MORTGAGE(S) more than they can sale their house for. Accordingly they start the short sale process. IN the process they must negotiate with the bank(s) involved to take LESS money than owed. Sometimes their real estate agent doe this, sometimes a lawyer, sometimes themselves. This can take 2 days or two years! All banks area different. IF YOU HAVE CASH to buy one you are in a lot stronger negotiating position to get the bank to go low. However, just because you offer the asking price or MORE does NOT mean you will get the property.
I could go on forever, here are some of the best SHORT SALE deal on the market in Salt Lake City right now!
| Photo of Property | MLS # | List Price | Stat | Style | Tot SqFt | Sold Price | Ref # | |
| Address | City | Acres | NS/EW | Tour/Open | ||||
| Bd/Bth/Fm | Gar/Port | Bsmt/%Fin | List DT | Sold DT | Year Blt | Type | Photo Cnt | |
 |
756910 | $289,000 | ACT | Bungalo/Cottage | 2,448 | $0 | 1 | |
| 414 UNIVERSITY ST | Salt Lake City | 0.08 | 414S/1340E | Tour / | ||||
| 4/2.00/1 | 0/0 | FULL/90% | 12/12/2007 | 1924 | SNGL | 2 | ||
 |
754578 | $293,000 | ACT-SS | 2-Story Conventional | 3,700 | $0 | 2 | |
| 11654 S HARVEST RAIN AVE | South Jordan | 0.17 | 11654S/4420W | Tour / | ||||
| 3/3.00/1 | 2/0 | FULL/0% | 12/03/2007 | 2004 | SNGL | 12 | ||
 |
758980 | $300,000 | ACT-SS | 2-Story Conventional | 4,705 | $0 | 3 | |
| 13796 S ROSIE LN | Herriman | 0.30 | 13796S/6670W | NA / | ||||
| 5/4.00/1 | 2/0 | FULL/40% | 12/21/2007 | 2003 | SNGL | 1 | ||
 |
748172 | $380,000 | ACT-SS | 2-Story Conventional | 5,209 | $0 | 4 | |
| 1867 RYAN PARK AVE | Sandy | 0.38 | 11000S/1867E | Tour / | ||||
| 6/4.00/2 | 2/0 | FULL/100% | 11/03/2007 | 1983 | SNGL | 12 | ||
 |
745293 | $580,000 | ACT-SS | 2-Story Modern | 5,172 | $0 | 5 | |
| 3148 OLD MILL CIR | Cottonwood Heights | 0.24 | 6650S/3148E | Tour / | ||||
| 4/3.00/2 | 3/0 | DYLT/0% | 10/29/2007 | 1996 | SNGL | 12 | ||
 |
760553 | $799,000 | ACT | 2-Story Conventional | 7,499 | $0 | 6 | |
| 2632 E ROBIDOUX RD | Sandy | 0.34 | 8240S/2632E | Tour / | ||||
| 5/5.00/3 | 3/0 | NO/CR/0% | 01/03/2008 | 1976 | SNGL | 11 | ||
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