Utah real estate trends show 12,307 Foreclosure Homes with $152,921 as an Average Foreclosure Sales Price. This translates into 1 of every 911 housing units in Utah receiving a foreclosure filing in August 2012, according to RealtyTrac. However, the trend is not consistent throughout the entire state.
Salt Lake County has some of the highest home foreclosure trends in the state of Utah: 1 of every 592 homes receiving a foreclosure filing. Salt Lake City has 340 foreclosure properties, which is 1 of every 666 housing units. South Jordan has 22 foreclosure properties, which is 1 of every 691 housing units. West Jordan has 98 foreclosure properties, which is 1 of every 382 housing units. Magna has 40 foreclosure properties, which is 1 of every 202 housing units.
Davis County has one of the lowest home foreclosure trends in Utah: 1 of every 5,964 housing units receiving a foreclosure filing. Farmington has the highest number of foreclosures in the county, accounting for 2 foreclosure properties, which is 1 of every 2,672 housing units. Compared to Magna and West Jordan, these foreclosures are significantly lower.
Utah County has a lower foreclosure trend than Salt Lake County: 1 in every 1,025 housing units receiving a foreclosure filing. Santaquin and Goshen have the highest number of foreclosures in Utah County. Provo has 15 foreclosure properties, which is 1 of every 2,247 housing units.
If you are facing a home foreclosure or struggling with a making your mortgage payment, talk with a Utah real estate law at attorney at Pearson Butler at (800) 265-2314 for a free consultation. Our Utah foreclosure law attorneys are available at our law offices in South Jordan, Layton, and Salt Lake City.