November 02, 2012 (Press-News.org) Foreclosure Filings Down in Utah and Other Non-Judicial States
In Utah and across much of the United States, recent foreclosure statistics have shown some improvement when compared to this time last year. The states showing improvement, though, appear to be primarily those with non-judicial foreclosure processes. In contrast, many judicial states have actually seen a rise in the number of foreclosure filings in the past months.
Judicial states are those in which courts must approve foreclosures. In many of those states, the foreclosure process slowed dramatically last year, in the midst of claims that mortgage lenders were proceeding with foreclosures, even if they did not conduct proper verification of the documents. As a result of these claims, the process was slowed down, resulting in a backlog of cases that had yet to be handled. Those judicial states have recently seen a rise in the number of foreclosures because of this earlier slowdown.
Conversely, most non-judicial states, where courts are not required to be a part of the process, did not experience such a slowdown. As a result, they did not accumulate a large backlog of cases, and have since not seen a rise in the number of foreclosures.
While experts believe the rate of foreclosures will continue to fall slowly, they have also stated that it is likely this disparity between states will continue to be seen. The difference between judicial and non-judicial states' foreclosure rates will likely continue to be prominent as the housing market recovers.
In total, 99,405 homes in the U.S. began the foreclosure process in August 2012. Although this figure represents a 1 percent increase from July 2012, it is a 13 percent decrease from August 2011. Foreclosure filings have slowed dramatically -- at the highest point, there were approximately 203,000 in April 2009.
In addition, the number of homes in which the foreclosure process was completed fell in August 2012. In total, 52,380 homes were foreclosed upon during that month, a 19 percent decline from August 2011.
Utah Foreclosure Rates
Utah is a non-judicial state when it comes to foreclosures. In other words, courts are not required to approve every foreclosure in the state. In Utah, if a lender wishes to start the foreclosure process, it must submit a notice of default with the county and mail a copy of the notice to the homeowner. The homeowner then has three months to pay the amount owed.
If the homeowner is unable to do so, the lender is required to publish a notice of sale on the property and at the county recorder for at least 20 days. The lender must also publish a notice in the local paper announcing the sale every week for three consecutive weeks. If the homeowner takes no action, the sale may then proceed.
In Utah, the number of foreclosure filings in August 2012 was down from August 2011, but up from July 2012. RealtyTrac reported that the foreclosure process began in one out of every 911 homes in Utah in August 2012 -- a 29 percent drop from August 2011, but a 41 percent increase from July 2012.
Prevent Foreclosure by Filing for Chapter 13 Bankruptcy
If you have been struggling to make your mortgage payments, you do not need to resign yourself to the perceived inevitability of your home going into foreclosure. Filing for Chapter 13 bankruptcy halts the foreclosure process and can allow you to remain in your home.
Under Chapter 13 bankruptcy, you are provided with a period of time to repay the amount owed on your mortgage or a portion of that amount, typically over three or five years. Consulting with a skilled bankruptcy attorney will provide you with the answers you need as to whether Chapter 13 bankruptcy is the appropriate option for you.
Article provided by Brandon L. Baker, Attorney at Law, P.C.
Visit us at http://www.bbakerlaw.com
Foreclosure Filings Down in Utah and Other Non-Judicial States
The number of homes entering the foreclosure process varies for judicial and non-judicial states.
2012-11-02
ELSE PRESS RELEASES FROM THIS DATE:
An Overview of Domestic Violence Charges in Washington State
2012-11-02
An Overview of Domestic Violence Charges in Washington State
Washington State law defines domestic violence broadly as almost any criminal act committed by one member of a family or household against another. Thus, domestic violence in Washington may include a wide range of offenses such as:
-Assault
-Harassment
-Destruction of property
-Intimidation with a weapon
-Reckless endangerment
-Violation of a protection order
For purposes of Washington domestic violence law, anyone in the following relationships may be considered members of the same family or ...
Patricia Gerbarg, MD and Richard P. Brown MD, Teach Mind-Body Practices at Yoga and Mental Health Conference in London, England
2012-11-02
Patricia Gerbarg, MD and Richard P. Brown, MD, award-winning authors and leaders in Complementary and Alternative Medicine for psychiatry, will teach "The Language of Breath: How Respiratory Messages Improve Emotion Regulation" November 2-4, 2012 at Confer UK, an international conference which brings the world's leading researchers and healthcare practitioners together to explore how yoga can be used in a therapeutic context. The gathering will be held at The Brunei Gallery, SOAS, University of London, Thornbaugh Street, London, WC1H 0XG.
As keynote speakers, ...
Tech Start-Up, Upperatus, Helps Heal the Bay One Shirt at a Time
2012-11-02
Well-known non-profit, Heal the Bay, is gearing up for a big splash in November. Upperatus and site users help spread the campaign message, while Dan McCauley provided the limited-edition design. Each month, Upperatus plans on connecting a graphic artist with an important, charitable cause to develop limited-edition shirt designs which will directly impact the cause's operations.
In November, Upperatus will donate $11 per item sold to Heal the Bay through their website which focuses on awareness apparel for women and men. Nina Borin, Heal the Bay's Development Manager ...
Popular Pastor & Author Bill Winston Celebrates First Stellar Award Nomination For Church Choir's Debut CD, Released
2012-11-02
Pastor Bill Winston has empowered the Christian community with enlightening and life-changing sermons for years now. The pastor of Chicago's 20,000-member Living Word Christian Center is also known for his insightful books like the Law of Confession and Transform Your Thinking. Now the renowned Pastor and his church choir are being recognized for accomplishments in the Gospel music industry.
The church's first project, Bill Winston Presents Living Word: Released, featuring the talents of church members and award-winning artists such as Donald Lawrence, Kim Stratton and ...
D&J Sports Swim Backpacks Available for Christmas
2012-11-02
D&J Sports is pleased to announce they carry some of the top swim backpacks for swimmers on all experience levels. With Christmas quickly approaching, it can sometimes be difficult for some people to find the perfect gifts for the people in their lives. Anyone who is looking for the perfect gift for the swimmer in their lives can find swim backpacks from some of the top names in swimming, including Speedo, TYR, Swim Stuff and Arena.
Each of these swim backpacks provides ample storage room for everything a swimmer needs to take with him to the pool. While all swim ...
GSX Solutions Offers Webinar about Maximum Benefits of Using PowerShell
2012-11-02
GSXSolutions [www.gsx.com], the global leader in proactive, consolidated monitoring and reporting of enterprise collaboration environments, including MicrosoftExchange, Microsoft SharePoint, BlackBerry Enterprise Server (BES) and LotusNotes, today a 45-minute webinar, "Get the most out of PowerShell cmdlets to track the health of your Exchange 2010 environment" with live Q&A Nov. 27.
During this webinar, GSX Solutions will show how to make the most of PowerShell combined with its powerful and comprehensive monitoring and reporting solutions. Together they ...
Shirley You Jest! Books Awards Salutes Winners on National Authors Day
2012-11-02
(National Authors Day) - Shirley You Jest! Book Awards, the only comedy and humor indie book contest offering publicity-based prizes, congratulates its first place (Shirley LOL) and second place (Shirley HAH) winners.
Presented by Liz D Publicity & Promotions, SYJ! invited independent authors who "bring the funny" to submit their 2011-2012 eBooks and print titles. The contest received a large number of humorous self-published mysteries, chick lit fiction, and memoirs. Comedic situations and characters ranging from the supremely bizarre to everyday wacky ...
Santiago Rocks the Echo Stage for the First Time
2012-11-02
Rap Sensation, Santiago AKA Killaree, will be opening up for the Chicago based rapper, Big Sean at the Echo stage in NE, Washington, DC. This show represents the beginning of what promises to be a big year for Santiago.
"I'm so excited and blessed to be able to be on a ticket with someone of Big Sean's caliber and I plan on giving the crowd a show to remember. I'm always pumped to perform in my home town of DC", said Killaree.
Santiago, began his career at the age of 12 performing for free at local house parties and underground rap battles on the streets ...
First Page SEO Pros to Announce Contract With Gimme More Coupons
2012-11-02
A renowned resource for online coupon codes and promo codes Gimme More Coupons website hosts a numerous coupon and promo codes from thousands of major retailers. Gimme More Coupons is the number one place for anyone in the coupon and shopping industry.
As part of their desire to remain at the forefront of their industry, Gimme More Coupons was looking to find an online marketing company that was affordable as well as having a proven track record for generating great results. Delighted by the types of packages and professional SEO services available at First Page SEO ...
Kari Battaglia Joins RE/MAX Alliance Group
2012-11-02
Kari A. Battaglia has joined RE/MAX Alliance Group as a Broker-Associate in the Venice office. She specializes in new construction and short sale transactions, in addition to general real estate sales.
A real estate professional for eight years, Battaglia has achieved the Graduate Realtor Institute (GRI), Short Sales and Foreclosure Resource (SFR), and At Home with Diversity (ATWD) designations. Her outstanding performance and focus on customer service earned her the Coldwell Banker International Diamond Service Award in 2011.
Battaglia said she joined RE/MAX Alliance ...
LAST 30 PRESS RELEASES:
Researchers reveal role of zeolite zcid site accessibility in syngas conversion
Gender gap in teenage depression is twice as large in London than in Tokyo, new study finds
Coffee-making robot breaks new ground for AI machines
Protecting crops: Researchers open up new avenue to combat a widespread plant virus
UCLA discovers first stroke rehabilitation drug to repair brain damage
Only around 1 in 10 common non-surgical and non-invasive treatments for back pain effective
Installing safety nets on Golden Gate Bridge linked to 73% decline in suicides
Increasing fruit, fiber, dairy and caffeine linked to lower risk of tinnitus
Does BMI become useless as we age?
Rice statistician earns $1 million CPRIT award to advance AI-powered precision medicine for prostate cancer
Whose air quality are we monitoring?
Team Hope rides (again) for cancer research at the Tour de Scottsdale
Researchers find missing link in autoimmune disorder
‘Democratizing chemical analysis’: FSU chemists use machine learning and robotics to identify chemical compositions from images
Leveraging data science for disease prediction in the fight against rheumatoid arthritis
Kennedy Krieger screening model improves early autism diagnosis for underserved communities
Blood pressure patterns during pregnancy predict later hypertension risk, study finds
Latest Alzheimer’s drug shown less effective in females than males
Moffitt study finds vaccine may improve breast cancer treatment outcomes
Adoption of international auditing standards leads to better financial reporting
Internal displacement in Syria used to reshape the country’s political and social landscape, new study shows
Building a safer future: Rice researcher works to strengthen Haiti’s earthquake resilience
Diverging views of democracy fuel support for authoritarian politicians, Notre Dame study shows
Bacteria invade brain after implanting medical devices
New platform lets anyone rapidly prototype large, sturdy interactive structures
Non-genetic theories of cancer address inconsistencies in current paradigm
Food and non-alcoholic drink products in Mexico were substantially reformulated to be healthier following the 2020 introduction of warning labels identifying products with excessive content of calorie
Conservation efforts are bringing species back from the brink, even as overall biodiversity falls
Conservation efforts analysis reveals which actions are most helpful for endangered species status
JSCAI special issue explores the transformative role of artificial intelligence in interventional cardiology
[Press-News.org] Foreclosure Filings Down in Utah and Other Non-Judicial StatesThe number of homes entering the foreclosure process varies for judicial and non-judicial states.