Washington County, Utah now has 1.8% of all mortgages in foreclosure as of Dec. 2008. This is an increase from Dec 2007 where the rate was 0.7%.
If you’re looking for a St. George, Utah foreclosure – please contact me. There are tons of opportunities on the market right now including St. George short sales.
The total number of mortgages that are 90 days past due has jumped to 4.5% which is an increase from the December 2007 statistics. This has caused a huge number of short sale properties to come on the market in southern Utah. Combine this with interest rates at 5% or so – and you have a great environment to invest and ride the market until it comes back in a few years. St. George real estate has always gone in about 8 year cycles and then it cools down for a bit. Our market peaked in about the summer of 2006.
If you’d like to discuss the option in the real estate market here in St. George – give me a call at 435-632-5491. It’s also a great time to buy a cheap condo or townhome to rent out.
