Here is a summary of foreclosure laws and rules for the State of Utah:
- Lenders use either a mortgage or deed of trust.
- Lenders primarily use deed of trust and use judicial foreclosure.
- Borrowers can exercise their right of redemption after the sale and this can be extended by the court.
- Utah allows deficiency judgments.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Utah those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
Post new comment