Mapleton Utah Bank Foreclosure

Buying a Mapleton Utah Bank Foreclosure

Team Teasdale Realty specializes in helping buyers buy a Mapleton Utah Bank Foreclosure. Finding Mapleton Bank Foreclosures is fairly easy in a down market. The Mapleton market was down from 2007-2011. The market has been going up from 2012-2019. In fact, approximately 25% of the real estate market in Mapleton was Bank Foreclosures during the down period. Many buyers enjoyed the luxury of taking their time to choose a bargain on a home in Mapleton.

The number of Mapleton Bank Foreclosures went down in 2012. The market took a nice upward surge and bank foreclosures are more difficult to find. Bank Foreclosures are still around just not in abundant supply like they once were. A good deal on a Bank Foreclosure will often have multiple buyers placing bids.

Below is a List of Available Bank Foreclosures Across Utah

Bank foreclosures periodically come for sale in Mapleton Utah. However, they come and go fast. If you don’t see any on this list you need to contact Paul Teasdale and he will do his best to find one for you when one becomes available.

Would You Consider a Short Sale in Mapleton UT?

A short sale can be challenging to purchase. Paul Teasdale has helped sell hundreds of short sales.
List of available short sales in Utah.

Why Would a Bank Foreclosure in Mapleton Utah Appear Cheap?

You can usually buy a bank foreclosure in Mapleton for less than its original loan balance. However, it doesn’t mean that the bank will actually sell the home for less than its market value. The loan value and the market values are completely different. The price will reflect the neighborhood of the bank foreclosure and the homes around it. Bank Foreclosures in Mapleton Utah tend to need more work that your typical home. A buyer that is handy and able to make repairs is a good candidate for purchasing a bank foreclosure in Mapleton Utah. If you plan to sub out all the work a bank foreclosure may not be an ideal purchase for you.

Mapleton UT Bank Repos

Prior to 2006 and after 2012 Mapleton Bank Repos were not very common. Bank Foreclosures started getting more abundant between 2007-2011. In fact, short sales also started taking hold of Mapleton in 2007. The inventory of Mapleton Bank Foreclosures actually rose to around 25% of the inventory from 2008-2011.

Bank Foreclosures were everywhere and the market had few buyers to buy them. Short sales also rose to about 25% of the real estate market in Mapleton UT. For about four years 50% of the homes for sale in Mapleton Utah were bank foreclosures. In 2012 this changed. Buyers came out and gobbled up most the bank foreclosures in the first and second quarter of 2012. Many of the Mapleton Bank Foreclosures were purchased. After 2019 is was still possible to find a bank foreclosure but more likely to find a short sale in Mapleton Utah.

Join Our List of Daily Bank Foreclosures for Mapleton UT

It is still very possible to find a good deal on a Mapleton Bank Foreclosure and Short Sale. It just takes more effort than it did in the past. The absolute best way to get a home in Mapleton is to get on the daily email list. Contact Paul Teasdale of Team Teasdale Realty and he will put you on a auto-hot sheet. This email list will email you all the new listings each morning. Some of the best deals are found on these lists.

Where to Buy a Cheap Bank Foreclosure

If you watch the Wasatch Front Regional MLS carefully for a home you will find a good deal. Some of the bargains and cheap bank foreclosures in Mapleton Utah are slow to get listed on the MLS. One good site to keep an eye on is HUDhomestore.com. This site shows all the HUD homes that are coming for sale. I noticed that they typically show up here a few days before they hit the MLS. If you catch a bank foreclosure in Mapleton Utah on the HUD website before it hits the MLS you may be the only bidder. Many realtors in Utah County are not approved HUD representatives and can not help you buy a HUD home. Paul Teasdale of Team Teasdale Realty is a registered HUD agent and is authorized to place online bids on these homes before they arrive on the Wasatch Front Regional MLS.

A Trusted Mapleton Utah Realtor

Paul Teasdale has been selling homes in Mapleton Utah full time since 1995. Paul lives and works in Mapleton Utah and he is very familiar with the schools, community, neighborhoods and especially the homes for sale. Paul and his team have sold several hundred bank foreclosures and short sales over the years and know this process inside and out. Work with a real estate broker that will give you honest advice. Hire a trusted Mapleton Utah Realtor.