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Eagle Mountain Bank ForeclosuresEagle Mountain Utah Bank Foreclosure Homes for Sale

A Foreclosure is the legal process by which a mortgage lender (mortgagee), or other lien holder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan.

Bank Foreclosures in Eagle Mountain Utah

If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that he can successfully repossess the property. Therefore, through the process of foreclosure, the lender seeks to foreclose the equitable right of redemption and take both legal and equitable title to the property in fee simple. Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments.

Eagle Moutain Utah Real Estate

Eagle Mountain, Utah Bank foreclosures or Eagle Mountain bank-owned homes are an ideal option for first-time homebuyers looking to break into the Eagle Mountain Utah real estate market or for investors in search of investment properties. Usually attractively priced, these properties can provide buyers the best value for their money, but it’s best to keep in mind the fact that not all Eagle Mountain foreclosures are going to be bargains. Some bank foreclosures have excessive repairs and undisclosed material defects. It is best to get a professional home inspectors opinion before purchasing a Eagle Mountain UT bank foreclosure. Eagle Mountain Real Estate Blog.

Eagle Mountain Utah Realtor

If you’re an investor, in other words, investing in Eagle Mountain, Utah Bank foreclosures is probably not the get-rich-quick scheme that you may think it is. If you’re a homebuyer in the Eagle Mountain market for an affordable property, however, all you need is patience, diligence, and the help of a seasoned bank foreclosure expert to make your dream of homeownership in Eagle Mountain Utah possible. Paul Teasdale is the Principal Broker of Team Teasdale Realty. Paul has been selling homes full time in Eagle Mountain Utah since 1995. Paul has sold over 1,000 career homes, a feat very few Realtors in Utah County can claim. Paul has sold hundreds of bank foreclosures and is one of the most experienced Realtors in Utah County. Hire Paul when looking for a bank foreclosure in Eagle Mountain Utah. 

Contact Team Teasdale Realty to See any of these Bank REO Properties. We work and sell homes in the Eagle Mountains.

Request Your List of Daily Short Sale Homes today in Eagle Mountain Utah.

Call the Principal Broker: Paul Teasdale Team Teasdale Realty - 801-491-7653 He answers the phone every time. Try it!

 




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