Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Foreclosure filings for September in Utah up by 114%
This is an archived article that was published on sltrib.com in 2008, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Owners of 1,746 properties in Utah received some type of foreclosure-related filing in September, up nearly 114 percent from the same month in 2007, said RealtyTrac, a company that tracks the foreclosure market nationally.

The report covers a wide range of filings, from default notices - in which a homeowners are simply behind on their house payments but not yet in serious danger of losing their property - to notices that the bank is taking possession of the property from the borrower.

In the report, Utah was ranked 13th nationally in foreclosure filings in September, with one in every 516 households receiving such a filing, compared with one in every 475 nationally.

Nationally, 265,968 properties received a foreclosure-related filing in September, up nearly 21 percent from September 2007, RealtyTrac said.

Defaults and foreclosures are on the rise in Utah as the overall economy and housing markets deteriorate. Although unemployment remains low, Utah's economy overall has created few new jobs compared with last year. Home sales are down significantly from last year and prices are off in most areas, making it more difficult for homeowners in financial trouble to sell their homes quickly enough and at a high enough price to cover their mortgage obligations.

Article Tools

 Print Friendly
 
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.