The Advantages of a Foreclosure is you can make an offer on a home and within 48 hours you can get a response back. They may also offer different kinds of financing so the new buyer is allowed to fix them up before they ever step foot inside the house. Sometimes the Bank that owns them fixes them up so they may sell faster to the open public on the WFR MLS.
Utah Short Sales are the majority of homes that are behind on their mortgages with a NOD or Notice of Default that has been filed at the court house to initiate the foreclosure process. This is also know as a pre-foreclosure. Short Sales are when a Bank takes less then owed or a shortage of the payoff on the existing loan(s) that are on the property.
The Advantage of a Short Sale allows you some time to sell an existing home because they can take any where from 60 to 180 days to get a response back from the Bank. From what I have saw, the home will sell for a lower price then if you wait for it to go back to the bank.
Click on the box and its county and you will see all of the Bank Owned homes .
