Park City Foreclosures for Sale - Bank Owned (REO)
Below are the listing links to ALL Park City Utah & Deer Valley Foreclosures from the Park City MLS.
Bank controlled (short sale and foreclosure) inventory has been shrinking in the Park City and Deer Valley areas during the six months. 2011 started with over a third of the transactions being bank controlled, the number has decreased to 22% by the end of the year. This is evidence that the market is stabilizing. The present foreclosure and short sale listings are less than 8% of the market share and at least 4% of those are vacant lots.
Foreclosure opportunities in Park City and Deer Valley are limited and the best values go quickly, often with multiple offers. To compete for one of these great deals, it's critical to work with an agent that tracks the inventory and stays aware of the upcoming foreclosures. Call us today to talk about the deal you want and to set you up for New Foreclosure Alerts.
Homes, Condos & Land Foreclosures - Park City, Utah MLS
Park City Foreclosures - Bank Owned Homes for Sale
Park City Foreclosures - Bank Owned Condos for Sale
Park City Foreclosures - Bank Owned Vacant Lots for Sale
You can also search for Park City foreclosures by neighborhood on our Park City real estate search page. After selecting the Park City MLS area make sure you mark YES under Bank Owned. If you have questions on any of the foreclosures you find or would like information on possible future foreclosures in Park City or the outlining areas, please contact us. We would be happy to go to work for you!
"The best opportunities do not knock...they whisper in your ear
and are gone in a fleeting second"
Sign up for my Park City Foreclosures Alert to have foreclosures automatically emailed to you when listed. This can be faster than most realtors see them!
Park City, Utah Foreclosures
- It is much easier to purchase foreclosures than short sales. Typically, you can get a response back from the bank rather quickly whereas a short sale could take months.
- Typically foreclosures sell for close to list price (within 3%). Don't expect to get a huge discount from list price.
- Banks typically will not deal with you if you have not been approved for a mortgage or cannot show proof of funds. Get approved for a mortgage and proof of funds prior to looking at property.
- You can buy foreclosures with the right to inspect. Most banks will give a maximum time of 10 days.
Contact Cindy Wallace or call 435-901-2781 for impeccable customer service, extensive Park City knowledge and meticulous attention to detail with over 18 years of experience as a real estate agent in Utah.