zoomUTAH.com now allows members to search and filter different types of properties that are currently on the market. We hope this helps you with your search for Utah Real Estate!
Resale/New Construction – These homes are traditional listings that are being sold with a home owner and Real Estate Brokerage. These homes are not short sales or foreclosures.
Foreclosures/Bank Owned – Foreclosed bank owned properties (REO), government foreclosures, HUD homes and auction homes.
HUD Homes – A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. Although HUD homes will show up under the Foreclosures/Bank Owned list, if you are specifically looking for only HUD homes, our site allows you to filter these type of listings.
Short Sales (Subject to 3rd Party Approval) – A pre-foreclosure where the home is being marketed at a lower price than what is owed, therefore the bank or lender of the Seller has to approve any offer. You must be patient as short sales subject to 3rd party approval can take weeks to many months before you get an answer on your offer.
Short Sales (Approved Price) – The bank has received an offer and has responded with either an acceptance OR with a “We won’t take this offer price, but we will take $XXX,XXX”. If the original offer was not accepted or the original buyer got impatient and moved on, the listing agent will seek another buyer at the approved price. If you put in a lower offer than the approved price, you probably will need to start the process over and wait for the bank to review the lower offer.