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Payson Utah Short SalesPayson, Utah - List of Short Sale Homes for Sale

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency. Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties. Payson Utah Real Estate

Payson Utah Short Sales Homes for Sale

Short sales can be a win-win for all the buyer and seller. It is a win for the homeowner because they escape the devastation of going through the bank foreclosure process.  It is a win for the lender because they get to cut their losses quickly and do not have to go through the expensive process of foreclosure, maintaining the property in Payson Utah and then putting the home back on the market many months later.  The buyer also comes out a winner when they can purchase a property below current market prices.  Lastly, the neighborhood does not have to endure a vacant eyesore for months and further dropping surrounding property values. A short sale is a much better solution than a bank foreclosure. The buyer that is looking to buy a home in Payson Utah needs to be aware of the fact that there are two types of short sales an approved short sale and an unapproved short sale in Payson Utah.

How to Buy a Short Sale in Payson Utah

The short sale process in Payson, Utah, as in other areas, typically is not at all a short-term or quick process.  Buyers need to be patient and it can take up to 3-12 months for a response from the lender with no guarantee that it will close.  The bank must decide how much money they are willing to lose on the sale. First, the seller agrees to the terms of the purchase and sale agreement and then the offer is subject to the lender’s approval to all terms and conditions.  The process is further complicated and delayed if there is more than one lender or mortgage insurance companies are involved. Many sellers put a second mortgage on their homes making a short sale in Payson Utah a little more complicated. As with all home purchases, the home buyer must be diligent by doing their homework on property values in the area, conduct a thorough inspection and be ready to close quickly once the lender agrees to the terms.  In most cases the Payson Utah homes are sold in ‘as is’ condition. Bank will not typically do any repairs on a short sale. In my opinion, the buyer benefits the most from a short sale but not all short sales are a great buy. Ask Paul Teasdale of Team Teasdale to evaluate your short sale. He will help you know if you are getting a good deal on the home.

 

Request a List of Short Sale Homes the day they come available in Payson.

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

Found: 6
Avg: $228,650
Avg $ SqFt: $95
Search Area: Payson
Price: $0 to $100,000,000
Sale Type: Short Sale
Show:
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$149,000
236 E 900 S, Payson UT 84651
2
BEDS
2
BATHS
1,102
SQFT
$135
$/SQFT
0.02
ACRES
2002
BUILT
"This townhome is in the desirable Greenridge neighborhood! Spacious living and dining room with a great kitchen layout. Fenced yard features a patio for entertaining and a storage shed. Brand new water heater was installed 2 years ago! This townhome qualifies for 0% down USDA financing!!!"
* SHORT SALE 
$165,000
981 S MAIN, Payson UT 84651
3
BEDS
2
BATHS
2,615
SQFT
$63
$/SQFT
0.24
ACRES
2004
BUILT
* SHORT SALE 
$179,900
378 N 500 E, Payson UT 84651
2
BEDS
2
BATHS
1,775
SQFT
$101
$/SQFT
0.22
ACRES
1935
BUILT
"6/14/2017 UPDATE: This is a darling home inside, and is an FHA short sale. The FHA list price that is approved is $183,500. As of June 14, 2014, FHA is requiring a net of 84% to the seller from that list price, after comissions, and closing costs for the seller. As long as your offer can meet those numbers, the price is approved. List price reflects a price in which this can still be accomplished, and comissions paid. Please email offers to: julie@canyonviewrealestate.com. No Blind offers, please. "
* LISTED OVER 120 DAYS  * PRICE LOWERED - $183,500 TO $179,900  * SHORT SALE 
$270,000
510 W 300 N, Payson UT 84651
4
BEDS
3
BATHS
4,835
SQFT
$56
$/SQFT
0.73
ACRES
1993
BUILT
"This is a short sale. The final purchase price is subject to sellers bank approval. Buyer to verify all information. Sold AS-IS pre-approval letter or proof of funds required with any offer. DO NOT DISTURB OCCUPANTS. "
* LISTED OVER 120 DAYS  * PRICE INCREASED - $220,000 TO $270,000  * SHORT SALE 
$295,000
124 E 1100 S, Payson UT 84651
4
BEDS
3
BATHS
3,102
SQFT
$95
$/SQFT
0.24
ACRES
2009
BUILT
"Great Opportunity! Spacious two story home with room to grow in the basement! Laundry room is upstairs with all the bedrooms. Unfinished basement has potential for 2 bedrooms, 1 bathroom and another family room! Big, fully fenced yard with space for potential RV parking. You will love the easy access to the freeway, walking distance to the Jr. High and High School! Cute home in a nice area! It also has double insulation! This is a SHORT SALE. Price subject to third party approval. 100% financing available with USDA Rural Housing Loan. Taking backup offers, still showing!"
* PRICE LOWERED - $319,000 TO $295,000  * SHORT SALE 
$313,000
414 W 1500 S, Payson UT 84651
4
BEDS
3
BATHS
2,602
SQFT
$120
$/SQFT
0.25
ACRES
2000
BUILT
* PRICE INCREASED - $294,900 TO $313,000  * SHORT SALE 
 
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