Featured Property: Galleria - 580 Main Street, Park City Utah

By Steve Blankenship
Jan 27, 2012

This is a beautiful studio at the Galleria in the heart of historic Main Street in Park City, Utah. This upgraded studio unit features a 32" flat screen television, sleeping accommodations for 4 with a full Murphy bed and sleeper sofa.

Amenities include a common laundry facility, wireless internet and a hot tub.

The Galleria is the BEST location for a rental property in Park City or for anyone who loves to live in the center of all happening. You are in walking distance to restaurants, shops, art galleries and entertainment. The Town Chair Ski Lift serves Park City Mountain Resort and is only a few steps away. All other ski resorts can be reached by bus. The bus transit center is located behind the building.

Priced to Sell! Lowest priced studio unit!!! Best deal seen in years!

$169,900 - Contact me for more information: 435-640-6966

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U.S. foreclosure rates lowest since 2007

By Steve Blankenship
Jan 27, 2012

According the foreclosure listing firm RealtyTrac, Inc., 1.9 million homes have entered the foreclosure process in 2011. This is the lowest level since 2007 when the recession began. However, the decline does not mean that the housing market is getting better. Banks are holding on to some of their inventory due to the fact that they do not want to crowd the market with foreclosed homes. In addition to that, there have been problems with the ways some lenders were handling foreclosures without verifying documents. RealtyTrac anticipates that 2012's foreclosure rate will be higher than last year's, but will still remain below the peak of 2010.

High unemployment, a sluggish housing market and falling home values remain major factors in homeowners falling behind on their mortgage payments. Many borrowers also have simply stopped paying their mortgage because they owe more on the mortgage than the home is worth.

RealtyTrac said that December's foreclosure filings on 205,024 homes were the lowest monthly total since November 2007. The figure was also 20 percent below the prior-year period's results.

Are you thinking about foreclosing on your home? See what your options are. I can help short sale your property.

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