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Park City Utah Real Estate Blog

California's Notice of Defaults go down, What does that mean for Utah?

Saturday, June 12th, 2010 at 1:53pm. 42 Views, 0 Comments.

I recently read an article on Notice of defaults declining in CA and that the shift on foreclosures may be turning. Here in Park City we tend to follow Southern CA by a year or year and 1/2 years. If so, NOW might be a great time to start considering some of the distressed properties of bank owned foreclosures and short sales. Here is a section from the article by Alejandro Lazo of RISMEDIA, dated June 5, 2010

California Home Default Cases Plunge

The California foreclosure crisis appears to be abating, new data shows, as the federal government and big lenders step up efforts to keep troubled borrowers in their homes.

Mortgage default notices—the first step toward foreclosure—plunged by 40.2% statewide in the first three months of the year compared…

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Astoria Hotel at The Canyons

Monday, April 12th, 2010 at 8:20pm. 59 Views, 0 Comments.

The following Press Release came out last week:

March 28, 2010

TALISKER EXPANDS WITH PURCHASE OF THE WALDORF ASTORIA HOTEL AT THE CANYONS

Toronto – Talisker announced today its purchase of Park City ’s newest luxury hotel, The Waldorf Astoria, Park City , located at The Canyons.

The Waldorf Astoria, Park City , opened last summer at the foot of Talisker’s ski resort, The Canyons. The hotel includes 170 rooms and condominium units, dining at Spruce, as well as the Golden Door Spa which offers an exquisite menu of services available to hotel guests and the community alike.

"We are proud to add this wonderful and complementary asset to the Talisker and Canyons properties in Park City", said Jack Bistricer Chairman and CEO of Talisker. "The Waldorf…

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