Southern Utah Short Sales

Yesterday, I went out looking around at some southern Utah homes in the 500k+ range. Criteria included: swimming pool (not that we need one in this snow storm that's been hitting us), theater room, and a large living area to entertain guests. I noticed that there were hundreds of homes listed when the results came back.
There are so many southern Utah foreclosures and short sales right now it's unreal! We are seeing more and more come on the market each day and there are some excellent buys!

If you're thinking of getting into the real estate market in St. George - now would be the time to take action. Rates for a 30 year mortgage dipped below 5% not too long ago and may do so again with the recent lowering of the fed funds rate. This doesn't always mean lower mortgage rates, but can in time...

There are still some excellent buying programs through FHA and conventional loan programs. You can count on approx $6/1000 borrowed per month depending on mortgage insurance right now. These are some of the best payment terms in years (actually - the best in memory).