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  • Foreclosure REOs Trend

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    The Salt Lake Tribune
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    Charts show that the homeowner foreclosure crisis eased somewhat last year (2011), but thousands of Wasatch Front properties wound up in the hands of mortgage lenders who were unable to sell foreclosed properties at auction

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    Charts show that the homeowner foreclosure crisis eased somewhat last year (2011), but thousands of Wasatch Front properties wound up in the hands of mortgage lenders who were unable to sell foreclosed properties at auction

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    16K views1 page

    Foreclosure REOs Trend

    Uploaded by

    The Salt Lake Tribune
    Charts show that the homeowner foreclosure crisis eased somewhat last year (2011), but thousands of Wasatch Front properties wound up in the hands of mortgage lenders who were unable to sell foreclosed properties at auction

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Foreclosure Lenders left holding thousands of properties

    Foreclosure notices saw some declines in 2011 compared with the 2010, but the number of lender-owned properties those that banks or mortgage companies foreclosed but did not sell at auction continued to be a problem along the Wasatch Front and in Washington County.

    Major counties Wasatch Front* and Washington County, by quarter


    Notices of default
    5,000

    Notices of trustee sale


    4,473 4,234

    Real estate-owned (lender owned)


    4,271

    2008

    2009

    2010
    3,082

    2011

    4,000

    3,000

    2,000

    1,000 0

    Q3

    Q4

    Q1

    Q2

    Q3

    Q4

    Q1

    Q2

    Q3

    Q4

    Q1

    Q2

    Q3

    Q4

    Salt Lake County


    1,500 1,200 900 600 300 0
    1,305

    Utah County

    Wash. County

    Weber County

    Davis County

    Real estate-owned (lender owned)

    762 680

    360 199

    08 2009

    2010 2011

    08 2009

    2010 2011

    08 2009

    2010 2011

    08 2009

    2010 2011

    08 2009

    2010 2011

    Source: Tribune analysis of RealtyTrac data

    * Weber, Davis, Salt Lake and Utah counties

    The Salt Lake Tribune

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