Spectrum Real Estate

How Does the Foreclosure Process Work?

2011-06-29T13:52:00.003-06:00

Every foreclosure procedure is actually dictated through laws and regulations within the state. Various states can use unique methods. A foreclosure will get started as soon as a home owner does not make good on the principal and interest obligations for his or her residence. Part of the foreclosure process is seizure as well as sale of the residence.

So how exactly does an individual find themselves caught up in a foreclosure spiral? As soon as a home loan payment is actually sixteen days past due, full-blown foreclosure is merely inevitable. At this time, the home loan service agency will endeavor to get in touch with the overdue property owner to sort out some sort of pay back structure to get the financial loans up-to-date.

Right after 3 to 6 months of overlooked loan installments, loan companies obtain a trustee to write and document a Notice of Default or NOD at the Office of the County Recorder. The NOD acts to place debtors on notice that they may be dealing with foreclosure procedure measures. Additionally, this sparks a reinstatement time period which typically operates for 5 days prior to the residence getting auctioned off.

Non-payments that are not adjusted inside of 3 months lead to foreclosure sale dates being set up. Property owners obtain a Notice of Sale. The identical notice will get published on the residence or home. It will eventually additionally be documented at the Office of the County Recorder within the exact same region in which the property is situated. The actual sale notice is similarly printed within nearby papers in the region for 3 weeks.

Trustee sales typically happen on the county courthouse steps from where the home is located. Sale place as well as time are usually described within the sale notice. Homes are usually located in open public auctions at trustee sales and granted to the highest bidders. The winning buyers pay in cash, generally by having a preliminary down payment in advance and the remainder over the following day.

At home auctions the starting bids tend to be established by the loan companies. Starting bids are usually comparable to the outstanding home loan balance, built-up interest, in addition to any type of supplemental costs and lawyer fees associated with the actual trustee sales. Should there end up being absolutely no rates for bids going above the starting bid, the following section of the process is getting the home paid for from the attorneys operating the actual sale for the loan companies.

The foreclosure procedure is actually fairly clear-cut. The end result is that property owners will always be provided certain wiggle room to get their own home loans up-to-date and steer clear of complete property foreclosure. Should they nevertheless neglect to develop a repayment strategy, initiation of the foreclosure process follows.

If you're interested in learning more about the foreclosure process, visit my website where I share information and help to answer the question, what is foreclosure?

How Does the Foreclosure Process Work?

Contract for Deed Explained

2011-06-08T07:25:00.003-06:00

A contract for deed is an arrangement where the property seller offers financing to the buyer. The seller will keep the legal title to the property until it is paid in full. The homebuyer has an equitable title where he or she can live in the property, make improvements, and rent it and more. A contract for deed is also known as contract and agreement for deed. This is a form of seller financing, a kind of security agreement that is usually utilized in situations where the buyer could not obtain a mortgage because of poor credit or time constraint. In general, the date which the full amount has to be paid will be years sooner than when buying under a mortgage amortization schedule. Usually, this payment culminates in a big balloon payment, which is larger than the amount of the previous payments. Once full payment has been made, the seller is obliged to transfer the legal title of the property to the buyer.

A contract for deed may be written or modified by the buyer or the seller, usually with the aid of a lawyer. It would be a good idea for a buyer to record some notice f interest on his or her property. To be recorded, a contract for deed should include basic information like marital status of both parties; address and address of the property and aside from being signed by both parties, the execution of the contract should comply with general formalities which include unbiased witnesses and a notarized signature. Since the seller will retain the legal title to the home, he or she is usually responsible for insurance and taxes. Moreover, the seller is also responsible for any mortgage payments due on the home. Failure of the seller to pay this could lead to serious problems. If he or she fails to pay insurance, taxes and mortgage payments, the buyer could have trouble getting title to the property that is free of encumbrances even after the full purchase price has been tendered. The buyer will be forced to take legal action against the buyer for failure to deliver his promises on the contract of deed.

A contract for deed could be the only option for people who could not access financing. The closing costs on a contract for deed are less compared to conventional financing. In some instances, a contract for deed provides better interest rates than conventional financing. In addition to that, the IRS will generally consider a contract for deed as a sale, meaning that the buyer could deduct his or her interest payments as mortgage interest. It is important to note that since the seller does not have legal title to the property until full payment, he or she could not use it as collateral for a home equity loan. Falling behind on payments could mean faster foreclosure or cancellation of the contract for deed. The seller could benefit from a contract for deed in a way that he or she could report the transaction as an installment sale on IRS Form 6252, meaning he or she has to pay capital gains tax on profit over the years than paying tax at once as with a conventional home sale.

Seller Financed Resort and Recreational Homes in Utah

2011-03-14T09:51:00.003-06:00

Spectrum Real Estate has access to seller financed recreational/resort properties with flexible terms in Summit County and Wasatch County in Utah

List prices start at $150K and go up t $1.3 million.

Contact Steven Max Parry or Craig S. Parry with Spectrum Real Estate for a list of available homes for sale.

Resort Home Example

Park City Resort Home Example

Recreational Property Example

Trends that will make your home truly your own

2011-03-11T16:48:00.002-07:00

If you're looking to purchase or remodel a home, you likely are building a long list of "must-haves," "must-dos" and "must-includes" for your new space. There's no question the housing market is in a different place than it was as recently as five years ago. If you're like most home seekers and remodelers, you may find that your requirements fall in line with these growing trends:

Bigger isn't always better: As interest grows in living more efficiently, people are building smaller homes. In fact, new homes are now 7 percent smaller than they were the previous year, according to the U.S. Census Bureau.

Just my style: Homeowners are aiming to make their home fit their personal visions of the best investment on the dollar, and 20 percent of new homes are currently custom-built, according to the American Institute of Architects. Smaller spaces free up dollars to put toward the products that fill it. Color, decor and products that help make a home feel one-of-a-kind versus one-of-many are becoming king.

Multigenerational: Homeowners also are seeking spaces that accommodate residents of all ages. One-third of baby boomers report they have adult children still living at home or likely moving back home at some point, and 8 percent of Americans report their parents already live with them.

Energy-efficient: As homeowner concerns about energy costs continue to mount, so too does their attention to home design and products that will help lower their energy bills and decrease their carbon footprint. As a result, homeowners are showing increased attention to factors such as insulation and window quality.

* If smart technology and a customized home experience are what you need, consider remote home energy management systems. With a solution like Schlage LiNK, a remote access solution that provides home control from a cell phone or any computer with Internet access, you can adjust your home's thermostat, even when you are not there.

- Courtesy of ARA Content

Help Me With Broker Price Opinions

2011-03-01T07:34:00.001-07:00

I recently wrote a post entitled: What Is a Broker Price Opinion? Since then I have received a number of emails asking me more specific questions about broker price opinions and I will try to answer most of them in this post.

The number one question I get asked is:

Q. Is there any specific training I can complete that can help me learn to better evaluate property?

A. Yes! Most real estate boards will offer some type of CE (Continuing Education) course(s) throughout the year. It's good to take advantage of these classes as they are sometimes free and they may count towards your bi-annual license renewal educational requirements (Utah).

A. You may also choose to become a member of NABPOP - The National Association of Broker Price Opinion Professionals. This organization provides:

•Excellent basic information about BPOs.

•Training and more detailed instructional materials.

•Testing for knowledge and certification.

•A network to connect agents with lenders and BPO buyers.

Q. You mentioned in your post that one should do research on BPO companies. What specific things should I be looking for in a company that offers BPO opportunities to real estate agents?

A. Great question! You want to make sure that you are first and foremost dealing with an organization that has a good reputation in the business. These types of companies will provide great support, will have an easy online input system and most importantly will pay you in a timely manner and will have a way for you to track your payments. The best advice I can give is to look around some of the online forums and see who others have had success with and which companies to avoid. I will always recommend Emortgagelogic and Clear Capital. They have any easy online input system and they pay in a timely manner.

Hopefully this answers most of your questions. I appreciate your input and feel free to email me any more questions that you may have.

Email Me! Steven Max Parry

Modifying Your Mortgage Nearly Impossible

2011-02-23T09:35:00.003-07:00

Trying to modify your home loan during the foreclosure process?

Well, it's virtually impossible, according to the president of the Utah Bankers Association.

Read the Full Story

The Real Book of Real Estate by Robert Kiyosaki

2011-02-18T15:04:00.007-07:00

The Real Book of Real Estate

The Real Book of Real Estate is the one book, the Bible, of real estate advice and techniques every investor needs to navigate through the ups, the downs, and the in-betweens of the real estate market and come out on top.

The only thing better than one real estate expert helping you invest and win is twenty real estate experts with that same mission. For the first time ever, Robert Kiyosaki, bestselling author of Rich Dad, Poor Dad, has assembled in one big book a star studded cast of real estate wizards and trusted advisors with one purpose in mind: to share their knowledge to help you win in real estate.

This is the ultimate real estate desk reference you’ll come back to again and again. Whether you’re a seasoned investor or buying your first property, you will enhance your knowledge and grow your wisdom through this book. The book shows you how to value a property, handle leases, manage tenant relationships, get financing, even establish your own team of advisors, and so much more. You’ll hear from the insiders and learn from their wins and their losses. It’s decades’ worth of experience and knowledge you just can’t get anywhere else.

Available on Robert Kiyosaki's website for only $19.95. It's also available at his Amazon.com Store for a reduced price. If you are serious about investing in real estate you need to read this book today.

If you have read The Real Book of Real Estate by Robert Kiyosaki, you will want to check out the resources mentioned in his book such as the ProVision Business Start Up Kit

Business Start Up Kit

"ProVision is a new kind of CPA firm for successful entrepreneurs, professionals and investors. Our goal is to help our clients quickly reach their goals for business growth and personal freedom."

- Tom Wheelwright, Founder and CEO of ProVision

Waiting To Buy A Home? It May Cost You!

2011-02-16T12:28:00.003-07:00

There are some proposed upcoming changes coming to the Mortgage industry that may affect people looking to buy real estate. The Treasury Department provided three options last Friday for a housing finance system to replace Fannie Mae and Freddie Mac.

What Does Fannie Mae and Freddie Mac Do?

Below is a video sent to me by Shane Butehorn of Springwater Capital, LLC. In this video he gives an example of how waiting to buy real estate may cost you.

If you are in the market to buy a home in the Greater Salt Lake City Utah Metro Area we invite you to give us a call at Spectrum Real Estate. We look forward to hearing from you!

Spectrum Real Estate

Our Realtors

Article by Steven Max Parry

Utah Vacation Real Estate

2011-02-15T07:43:00.003-07:00

Vacation Home

Are you looking to buy a vacation property in Utah? Let our experts at Spectrum Real Estate guide you through this important purchase. We have helped many individuals and families make their dreams a reality.

Whether you are looking for ski-in, ski-out access at one of the many Utah Ski Resorts or you are looking for a secluded getaway in the mountains, let our Realtors assist you.

Our professionals can show you how your vacation home can pay for itself with nightly, weekly rentals or fractional ownership.

Ski Utah

Salt Lake Resorts Park City Resorts

Alta Ski Resort Deer Valley

Brighton Ski Resort Park City Mountain

Snowbird The Canyons

Solitude Sundance

Article by Steven Max Parry

Afraid to buy a home? What are you waiting for?

2011-02-14T10:51:00.007-07:00

There was an interesting article in the Salt Lake Tribune in Sunday's Money section which discussed why many people are holding off on buying homes, when now may be the time to buy. Entitled: Scared to buy a home? You are not alone. This article was written by Lesley Mitchell and made some very interesting points as to why some people are waiting and why now may be the time to purchase a home.

She pointed out that interest rates are near historic lows. That real estate is more affordable than it was three years ago and that the inventory of homes for sale gives buyers more choices than they've had in years. I couldn't agree with these points more. The statistics show that these are all true.

So the question is, why aren't people buying? Lesley points out that some potential buyers can no longer qualify for loans under today's lending criteria and that others can't because of pay cuts and other recessionary hardships. I will point out that you hear a lot in the news and media that Banks are not lending money these days and that it is impossible to get a loan. This isn't necessarily a correct view of today's mortgage industry. Yes, the lending criteria is stricter, but that is a good thing. If you meet certain criteria you can get a loan to purchase a home and these criteria are not as strict as you may think. I have been contacted by potential clients who are looking to buy and were unsure about their ability to qualify for a mortgage simply based on what they had heard in the news. After speaking to a mortgage consultant these clients were able to qualify for a home mortgage and they were surprised that it was easier than they were lead to believe.

Clearly consumer confidence is low. But it shouldn't be. Now really is the time to buy. Mortgage rates are going up but still remain low, Home prices are down and some economists believe the market has hit bottom at least along the Wasatch Front. Utah's economy is improving, jobs are returning and there are tremendous home values available.

If you are in the market to purchase a home in the Greater Salt Lake City Metro Area please feel free to contact us at Spectrum Real Estate. We would be more than happy to consult with you and guide you in the right direction.

Contact a Mortgage Consultant

Check Your Credit Score

Article Written by Steven Max Parry

How does my credit score affect my loan application?

2011-02-11T08:21:00.006-07:00

Your credit score (FICO Score) plays a significant role when you apply for a loan. Higher credit scores allow you more loan options and better interest rates. If you've had credit difficulties in the past, you may still qualify for some mortgage programs, but these usually cost more, depending on the severity of your credit problems.

Buying Your First Home

Refinancing Your Home

Jumbo Loans

Click Here to Get Your Credit Report

Article Written by Steven Max Parry

Utah Real Estate Forecast for 2011

2011-02-10T11:23:00.004-07:00

Salt Lake City Utah Real Estate

Forecast change: third quarter, 2010 – third quarter, 2011 -4.4%

Forecast change: third quarter, 2011 – third quarter, 2012 +1.2%

Provo-Orem Utah Real Estate

Forecast change: third quarter, 2010 – third quarter, 2011 -8.1%

Forecast change: third quarter, 2011 – third quarter, 2012 +0.6%

Ogden-Clearfield Utah Real Estate

Forecast change: third quarter, 2010 – third quarter, 2011 -2.5%

Forecast change: third quarter, 2011 – third quarter, 2012 +2.1%

St. George Utah Real Estate

Forecast change: third quarter, 2010 – third quarter, 2011 -5.8%

Forecast change: third quarter, 2011 – third quarter, 2012 +1.9%

Check the Real Estate Forecast for your city

What is a Broker Price Opinion?

2011-02-09T08:58:00.003-07:00

A broker price opinion commonly referred to as a BPO involves a process very similar to an appraisal. Many real estate agents are familiar with CMA's or a "comparative market analysis". However, a BPO is different. A BPO is a more detailed report and valuation. Companies hire a real estate broker to prepare an opinion of value. A real estate agent, compares three similar properties that have recently sold to the subject property and adjusts up or down for differences. The final result in an opinion of market value. Companies typically pay $65-$125 for interior BPOs and $35-$65 for exterior only or drive-by BPO's. Usually the lender has their own form and criteria for how the valuation will be verified and most use online forms.

If you are a real estate agent interested in doing BPOs make sure you do research on the BPO companies first before you sign up and accept any work orders. There are many good companies out there and a few to stay clear of. Ask fellow agents who they suggest and check online forums and look at the companies complaint history with the BBB, Better Business Bureau.

Here are some BPO companies that I have had success with. They pay within 30-45 days, if not sooner and their online forms are very easy to use.

Emortgagelogic

Clear Capital

Visit the NABPOP - National Association of Broker Price Opinion Professionals website to learn about certification and to read the BPOSG - BPO Standards and Guidelines

Article Written by Steven Max Parry

7 Questions to Ask a Prospective Buyer's Agent if Buying a Foreclosure

2011-02-05T09:32:00.009-07:00

If you're in the market for a foreclosure property, you should really take some time to look for an agent with actual foreclosure transaction experience. At Spectrum Real Estate, our agents have that experience.

Here are 7 questions to ask a prospective buyer's agent if you're buying a foreclosure:

Are you a licensed, full-time agent?

Are most of your clientele buyers or sellers?

How long have you worked with foreclosure real estate?

Do you have former clients I can contact as references?

How will you help me contact owners in default?

Are you familiar with the foreclosure laws in the area?

How much commission will I pay as a buyer?

Set up some ground rules for how you want to work together, such as times you are available to view homes, expectations regarding the agent previewing properties on your behalf, and courtesies expected by both parties.

Keep in mind that even the most intuitive agents are not mind readers. You need to make your preferences, priorities and spending limits clear up front, so neither party wastes valuable time looking at properties that don't meet your needs.

Working with a Buyers Agent can often result in a net savings on property purchases—whether traditional resale homes or foreclosure properties, and can also help inexperienced home buyers from making costly mistakes in negotiations, contract terms and property research.

Contact one of Spectrum Real Estate's Agents Today!

Article by Steven Max Parry

FHA EXTENDS 'ANTI-FLIPPING WAIVER'

2011-02-03T07:52:00.000-07:00

Measure continues effort to boost home values and accelerate resale of vacant properties:

In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's 'anti-flipping rule.' The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.

With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days. Early last year, FHA temporarily waived this regulation through January 31, 2011. FHA today posted a notice extending this waiver through the remainder of 2011. This action will permit buyers to continue to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. It will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.

"As I noted when we first announced this policy change early last year, because of the tightened credit market, FHA-insured mortgage financing is often the only means of financing available to potential homebuyers," said Stevens. "Today I can report that this policy change has been effective. Since the original waiver went into effect on last February, FHA has insured more than 21,000 mortgages worth over $3.6 billion on properties resold within 90 days of acquisition."

FHA research finds that in today's market, acquiring, rehabilitating and reselling these properties to prospective homeowners often takes less than 90 days. Prohibiting the use of FHA mortgage insurance for a subsequent resale within 90 days of acquisition adversely impacts the willingness of sellers to allow contracts from potential FHA buyers because they must consider holding costs and the risk of vandalism associated with allowing a property to sit vacant over a 90-day period of time.

Stevens added, "Because of past restrictions, FHA borrowers have often been shut out from buying affordable properties. This action enables our borrowers, especially first-time buyers, to take advantage of this opportunity and buy a home that has recently been rehabilitated. It will also help to move more foreclosed properties off the market and reduce the number of vacant homes in neighborhoods throughout this country."

The extension announced today is effective through December 31, 2011, unless otherwise extended or withdrawn by FHA. All other terms of the waiver will remain the same, and HUD continues to invite public comment on it. The waiver contains strict conditions and guidelines to assure that predatory practices are not allowed.

To protect FHA borrowers against predatory practices of "flipping" where properties are quickly resold at inflated prices to unsuspecting borrowers, this waiver continues to be limited to those sales meeting the following general conditions:

• All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction.

• In cases in which the sales price of the property is 20 percent or more above the seller's acquisition cost, the waiver will only apply if the lender meets specific conditions.

The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.

Read the waiver: http://www.hud.gov/offices/hsg/sfh/currentwaiver.pdf

Sandy Utah Real Estate

2011-01-31T08:08:00.000-07:00

Sandy (officially known as Sandy City) is a city in Salt Lake County,

Utah, United States. It is a suburb of Salt Lake City. The population was 88,418 at the 2000 census, and 96,660 as of the 2008 estimates,[2] making it the fifth-largest city in Utah.

Sandy is home to the South Towne Center shopping mall, the Jordan Commons entertainment and dining complex, and the Southtowne Exposition Center. It is also the location of the soccer-specific Rio Tinto Stadium, which hosts Real Salt Lake home games, and opened on October 8, 2008.

Herriman Utah Real Estate

2011-01-27T07:36:00.000-07:00

Herriman is a city in southwestern Salt Lake County, Utah, United States.The city has experienced rapid growth since incorporation, and according to U.S. Census Bureau estimates, the population was 17,689 in 2008. It grew from being the 111th-largest incorporated place in Utah in 2000 to the 34th-largest according to estimates.

New Developments

Herriman Towne Center

In the midst of a period of tremendous growth for Herriman City and its neighboring communities in southwest Salt Lake County, plans have been laid for one of the most significant community building projects in the history of the area: a dynamic new Towne Center in the heart of Herriman City.

JL Sorenson Recreation Center

The JL Recreation Center will be a complete fitness & recreation facility operated by Salt Lake County Parks & Recreation. Projected to open March 2011, this 107,000 sq. ft. facility will include a wide variety of amenities and programming to serve the southwest area residents of Salt Lake County.

Understanding and Navigating Your Way Through the Foreclosure Process

2011-01-25T09:04:00.000-07:00

By Rick Sharga, RealtyTrac Vice President of Marketing

Foreclosure properties can be a terrific investment, or give home buyers a much more affordable option than traditional properties in this time of escalating prices. But, before you jump in assuming this is "real-estate for dummies" or the next get-rich-quick scheme, think again! You really need to know your stuff when it comes to navigating your way through the process and making sure you're getting the most bang for your buck.

"For people willing to do some homework, the foreclosure market offers some of the best opportunities in real estate today," explains James J. Saccacio, chief executive officer at RealtyTrac, the leading online foreclosure marketplace.

Web-based services like RealtyTrac can help investors and homebuyers tap into this previously hidden market by providing access to foreclosure and pre-foreclosure information typically available only to professional real estate brokers and investors. Today, homebuyers can use these services to identify and research potential home purchases, as well as to find the tools and professional resources they need to help them close the deal.

When offering advice to buyers interested in taking advantage of the foreclosures market, Saccacio stresses the importance of educating oneself about the types of properties and the processes involved. Even seasoned real estate investors have something to learn when it comes to approaching this market. It's important to go in with the appropriate knowledge.

Types of Properties Available at Various Stages of the Process

Serious buyers must first understand the difference between the varying types of foreclosure properties. It's important to review the basic types of properties, each representing a different stage in the foreclosure process.

Pre-foreclosure Properties

A property enters pre-foreclosure after a default notice is filed by the foreclosing lender against the borrower who owns the property. The different notices that are filed during pre-foreclosure include Notice of Default (NOD), Lis Pendens (LIS), Notice of Trustee Sale (NTS) and Notice of Foreclosure Sale (NFS). For most consumers, buying a pre-foreclosure property from a private homeowner is the most favorable of options. This is a best-case scenario because the seller is able to get out from under a mortgage without destroying his or her credit rating, the lender is saved the time and expense of foreclosing on the property, and the buyer gets a below-market price on a home. In addition, buying at this stage of the process allows you, the buyer, a chance to fully evaluate the property before making an offer.

The disadvantages associated with purchasing a property during the pre-foreclosure stage are few, but worth mentioning. As with any major purchase, negotiations between the buyer and seller can be difficult, especially since the seller would typically prefer not to have to sell the property in the first place. Secondly, transactions are time-sensitive, since there is pressure to complete a sale before the property goes to auction.

Auction Sales

Foreclosure auction sales are typically the domain of the professional investor. These properties are formally in default, and sold to the highest bidder at an auction. Buyers are required to be physically present at the auction and must be prepared to pay 100 percent of the sale price in cash on the spot.

Though foreclosure auctions can offer significant savings as well as immediate property ownership, they are not for the faint of heart or the uninformed! Unless the buyer is already familiar with a particular property, there is usually little time to examine it. And, the buyer will be competing against professional investors—and sometimes even the lender—at the auction.

Real-Estate-Owned Properties

Once the lender officially reclaims a home, it is classified as Real Estate Owned by the lender (REO). While REO properties typically offer more time for evaluation and a more standard bank-managed transaction, their prices are usually very close to full retail market value. Therefore, they offer buyers the lowest potential savings.

It's definitely possible to find great deals in the foreclosures market. You just need to know where to look and be able to differentiate exactly what you're looking at. With an understanding of the pros and cons of buying at each stage of the process, you'll be well on your way to a successful purchase you can be proud of.

West Jordan Utah Real Estate

2011-01-24T08:16:00.000-07:00

West Jordan is a city in Salt Lake County, Utah, United States. West Jordan is a rapidly growing suburb of Salt Lake City and has a mixed economy, having moved beyond being simply a bedroom community for Salt Lake City. According to the 2000 Census, the city had a population of 68,336; by 2008, West Jordan had an estimated population of 104,447, placing it as the fourth most populated in the state.[3] The city occupies the southwest end of the Salt Lake Valley at an elevation of 4,330 feet (1,320 m). Named after the nearby Jordan River, the limits of the city begin on the river's western bank and end in the eastern foothills of the Oquirrh Mountains, where Kennecott Copper Mine, the world's largest man-made excavation, is located.

Settled in the mid-19th century, the city has developed into its own regional center. Currently the city has four major retail centers; Jordan Landing is one of the largest mixed-use planned developments in the Intermountain West.[4] Companies headquartered in West Jordan include Mountain America Credit Union, Lynco Sales & Service, SME Steel, and Cyprus Credit Union. The city has one major hospital, Jordan Valley, and a campus of Salt Lake Community College, which is designed to become the main campus upon completion in 2020.

City landmarks include Gardner Village, established in 1850 and the historic Sugar Factory, built in 1916. It is also the location of South Valley Regional Airport, formerly known as "Salt Lake Airport #2". The airport serves general aviation operations as well as a base for the Utah Army National Guard for Apache and Black Hawk helicopters.

South Jordan Utah Real Estate

2011-01-21T08:28:00.000-07:00

South Jordan is a city in the US state of Utah and a component of the Salt Lake City metropolitan area. South Jordan lies in the Salt Lake Valley between the 9,000-foot (2,700 m) peaks of the Oquirrh Mountains and the 12,000-foot (3,700 m) peaks of the Wasatch Mountains. The Jordan River flows through the middle of the valley and the city has a 3.5-mile (5.6 km) section of the Jordan River Parkway that contains fishing ponds, trails, parks and natural habitat. Salt Lake County fair grounds and equestrian park, 67-acre (27 ha) Oquirrh Lake and 27 other parks are located inside the city.

The city was founded 18 miles (29 km) south of Salt Lake City along the banks of the Jordan River in 1859 by Mormon settlers. An agrarian town for most of its history, today it has grown into a bedroom community of Salt Lake City with a 2009 population of 54,730 people.[3] Kennecott Land, a land development company, has recently begun construction on the master-planned Daybreak Community for the entire western half of South Jordan. Daybreak could potentially double South Jordan's population. South Jordan is the first city in the world with two Church of Jesus Christ of Latter-day Saints (LDS) temples (Jordan River Utah Temple and Oquirrh Mountain Utah Temple). The city will have two TRAX light rail stops by 2011 and one commuter rail stop on FrontRunner by 2012. More Info

Riverton Utah Real Estate

2011-01-20T08:33:00.000-07:00

Riverton is a city in Salt Lake County, Utah, United States. It is part of the Salt Lake City, Utah Metropolitan Statistical Area. The population was 25,011 at the 2000 census, and 39,751 as of the 2008 estimates.[3] Riverton is one of the fastest-growing cities in the state of Utah, and was ranked by CNN Money Magazine as the 60th best place to live in the U.S. in 2005. More info

Riverton City Official Website

Unlock the Hidden Potential In Your Real Estate

2011-01-19T08:12:00.000-07:00

If you invest in real estate, or plan to, you will find a special welcome at Wealth Strategy U. The strategic principles we employ apply to all forms of business and investing. That said, we have a special affinity with real estate as a wealth-building vehicle.

The reasons are obvious. Two critical concepts employ throughout all of our products are:

#1 Leverage

#2 Velocity of Money

Real estate offers exceptional opportunities to leverage wealth, because there is so much low-cost financing available for real estate investors. As for velocity, by applying our proprietary techniques it’s possible to keep your money constantly moving – and growing – through real estate investments.

Of course there is another key benefit to real estate investment: the enormous tax advantages. Exploiting these fully requires specialist knowledge of real estate tax law, which is a key focus of Wealth Strategy U.

For lasting success, it’s essential that you regard your investment activities as a serious business. That outlook means we will help you regard your investment activities as a true entrepreneurial enterprise.

Ultimately, the story of real estate investment is a story of personal wealth, and with Wealth Strategy U Products, you will find a structured process for planning your individual outcomes. Experience with thousands of clients has taught us how essential it is for you to define what wealth means to you. We also know how important it is that you remain in control of your financial growth, so we give unusual emphasis to sharing our knowledge on all aspects of wealth creation.

Real estate carries unusual promise for wealth creation. It also has significant hazards and pitfalls. Let us show you how to maximize the extraordinary opportunities for building wealth through real estate investment.

Learn About Tax Lien Investing

2011-01-18T13:15:00.000-07:00

My name is Darius M. Barazandeh, I am a licensed attorney and real estate investor.

I have designed the Attorney's Secrets To Investing in Tax Lien Certificates™ to teach you how to safely invest in tax lien certificates. Purchasing tax liens from county and municipal governments can provide you with extremely high rates of return ranging from 12%, 15%, 24% or even 1000% or more per year. Unlike a stock market purchase, when you purchase a tax lien certificate you don't need to worry about sudden changes in the market. Rather you become a lien holder with powerful legal rights. You will either earn a fixed and stated return on each dollar invested or you can foreclose and take title to the real estate backing the certificate. No matter how well the stock market is doing, careful investment in tax lien certificates will allow you to consistently out-perform the stock market.

Investing in Utah Real Estate

2011-01-18T08:08:00.000-07:00

Spectrum Real Estate understands the needs of Real Estate Investors in today's market.

Our trained professionals and on staff Realtors are all Real Estate Investors who for years have helped first-time and saavy investors make profitable purchases. Spectrum Real Estate is partnered with Spectrum Investment Group - a unique real estate consulting service provider. They are a results-oriented company, committed to providing innovative solutions and quality properties for real estate investors.

Please contact one of Spectrum Real Estate's Realtors to see how their extensive experience can help you!

1.800.914.5040

Five of America's Snowiest Cities - Salt Lake City is on the list!

2011-01-16T07:51:00.000-07:00

Five of America's Snowiest Cities

Denver, Colo.
Average annual inches: 60.3
A skier’s delight a few miles west, but when the wind pushes the mountain snows to the east, the city gets dumped on. The good news: lots of clear, 40ish winter days makes the snow melt pretty quickly.

Cleveland, Ohio
Average annual inches: 59.3
People seem to associate more snow with Buffalo, but the other side of Lake Erie gets smacked just as much.

Salt Lake City, Utah
Average annual inches: 58.5
Like Denver, there’s plenty on skiing and beautiful winter scenery to help make the snow more bearable.

Salt Lake City is near great skiing. Click Here for Salt Lake City Real Estate

Minneapolis-St. Paul, Minn.
Average annual inches: 49.9
The Twin Cities’ image as a place for extreme weather gets exaggerated, but there’s certainly plenty of snow.

Milwaukee, Wisc.
Average annual inches: 47.3
Just up the pike from Chicago, the Lake Michigan shore city gets hit pretty regularly. The latest storm forced the Bucks to cancel a game.

Utah Real Estate - Current Mortgage Rates

2011-01-15T06:54:00.000-07:00

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

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Spectrum Real Estate

South Jordan Real Estate

2011-01-14T07:01:00.000-07:00

Buying Vacation Real Estate in Utah

2011-01-13T07:03:00.000-07:00

Are you looking to buy a vacation property? Let our experts at Spectrum Real Estate guide you through this important purchase. We have helped many individuals and families make their dreams a reality.

Whether you are looking for ski-in, ski-out access at one of the many Utah Ski Resorts or you are looking for a secluded getaway in the mountains, let our Realtors assist you.

Our professionals can show you how your vacation home can pay for itself with nightly, weekly rentals or fractional ownership.

Call us today at 1-800-914-5040

Buying Utah Real Estate?

2011-01-12T07:02:00.000-07:00

Whether you are simply thinking of buying a new home or actually ready to make your move, Spectrum Real Estate's Realtors are here to make your real estate buying process a great one.

Count on our experts to find your ideal neighborhood, help you find real estate and be there when you actually close the deal.

Utah Residential Real Estate

2011-01-11T13:39:00.000-07:00

Single Family Homes

We are the experts when it comes to buying and selling Single Family Homes in today's market. Our Realtors have the training and experience to guide you through the process of buying or selling your home.

Visit our Website Today!

New $8000 Tax Credit for First-Time Homebuyers!

2009-03-19T10:39:00.000-06:00

$8,000 Tax Credit for First-Time Homebuyers!A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.

One Year Home Protection Plan!

2009-03-19T10:36:00.000-06:00

When you buy or sell your home through Spectrum Real Estate, we will pay for a one-year First American home warranty contract. Call us today! 1.800.914.5040

A Special Gift for our Preferred Clients!

2009-03-19T10:28:00.000-06:00

Spectrum Real Estate is excited to offer our preferred clients a $1000 RC Willey Gift Card*.

When you purchase or sell your home using Spectrum Real Estate's Agents as your Buying Agent or Selling Agent, we will show you our appreciation by presenting you with a $1000 RC Willey Gift Card that can be used for, new furniture, appliances, electronics or flooring in your new home.*Visit our website for more details. http://www.spectrumrealtysolutions.com/

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Herriman Foreclosures	Mortgage Calculators	Purchase Loans

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West Jordan Foreclosures	Mortgage Calculators	Purchase Loans

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South Jordan Foreclosures	Mortgage Calculators	Purchase Loans

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Riverton Foreclosures	Mortgage Calculators	Purchase Loans

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Five of America's Snowiest Cities - Salt Lake City is on the list!

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Buying Vacation Real Estate in Utah

Buying Utah Real Estate?

Utah Residential Real Estate

New $8000 Tax Credit for First-Time Homebuyers!

One Year Home Protection Plan!

A Special Gift for our Preferred Clients!