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2011-04-15 07:24:36
Utah #4 in Foreclosures

Utah continues to rank among the highest in the nation for its rate of home defaults and foreclosures.

 A report released Thursday by RealtyTrac, based in Irvine, Calif., indicated that one in every 98 Utah households had a foreclosure filing during the first three months of this year.  The U.S. Foreclosure Market Report for the first quarter of 2011 showed foreclosure filings — default notices, scheduled auctions and bank repossessions — declined 15 percent from the previous quarter and dropped 27 percent from the same period last year.  However, some states — including Utah — are still being impacted by the housing crisis.

 'It's a serious problem … for the real estate market,' said Jim Wood, director of the Bureau of Business and Economic Research at the University of Utah. 'It's continuing to put pressure on prices.'

 Utah trailed only Nevada, California and Arizona in the rate of filings per household. But, the percentage of filings is declining for the most part.

 
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2011-04-15 07:24:36
Utah #4 in Foreclosures

2011-04-14 14:46:26
Regulators Regulators Regulators

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2011-04-12 08:53:51
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2011-03-11 11:10:49
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2011-03-01 08:35:41
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2011-02-09 11:12:27
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2011-02-02 15:15:43
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2011-01-27 17:54:30
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