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time-iconSun Jul 03 2022

Wasatch Front Foreclosures: Find the Best Deals on Pre-Foreclosures and Motivated Sellers Plus Get Cash Back

Foreclosures and pre-foreclosures are hot real estate in Utah right now, and it’s not hard to see why. As people lose their homes to foreclosure, others snap them up at significant discounts. That’s why ShowmeRebates.com has compiled a list of all the foreclosures and pre-foreclosures in your area so you can get ahead of the competition. From Logan to Salt Lake City, we help you find every pre-foreclosure, motivated seller, and foreclosures plus we show available cash rebates on all of them!

What Are Cash Back Rebates? Cash back rebates are when a portion of the percentage of the homes purchase price, that is given back to the buyer at closing from their buyers agent. This rebate is typically a percentage of the home's purchase price, but can also be a fixed dollar amount. Rebates are allowed in 40 of the 50 states in the United States, including Utah, with the average rebate being .50% to .75%. So, if you're looking to buy a home in Utah, you could potentially get up to 1% of the purchase price back in cash, credit towards closing costs, or even used to help buy your interest rate down on your loan.

What is a Pre-foreclosures? A pre-foreclosure is a property that is in danger of being foreclosed on by the lender. This usually happens when the homeowner falls behind on their mortgage payments. In order to avoid a full foreclosure, the homeowner will try to sell the property through a process referred to as a short sale. This means that they will sell the property for less than what is owed on the mortgage. The bank will then forgive the rest of the debt.

Short sales can be tricky because they require additional approvals beyond the seller. The seller has to accept the offer and then the bank has to approve the offer/sale which can take up to a year in some instances.

ShowmeRebates.com can help you find motivated sellers who are in the short sale process, here in Utah, plus you will see available cash back rebates for each property with their new rebate finding technology that's custom built!

What is a Foreclosure? A foreclosure is a legal process in which a homeowner is unable to make their mortgage payments and the bank repossesses the home. This can be a stressful and difficult time for families, but it also presents an opportunity for buyers to get a great deal on a property.

We’ve made finding foreclosed homes easy with our innovative new search tools! Simply input your desired criteria into our site, select "foreclosures", and you will find all available properties including pre-foreclosures, foreclosures, and motivated sellers. Another option that might interest you is our cash back rebate program! We list available rebates from various Realtors when you buy a home from a participating agent on our site!

If you are a homeowner and are facing foreclosures, be sure to reach out to Justin Robins at 801-499-0214. He has over a decade of experience helping people avoid foreclosure and helping you with alternatives that can help save your home and credit.

Should You Choose Cash Back or Use It To Buy Your Interest Rate Down? This really is a case by case basis. There are many variables to take into account and any preferred agent or lender from ShowmeRebates.com can walk you through the best options for you.

It also depends on your financial situation, state that you are buying in, loan program, and other various options. Again, our preferred real estate agents and lenders will be able to walk you through the entire process and help you choose the right fit for your situation.

Please fill free to reach out to any of our preferred partners listed on our site and ask as many questions as you can. We welcome questions and are eager to help answer them. Happy house hunting!