By Joseph G. Ballstaedt801-365-1021joe@snjlegal.com In Utah, owners of real estate generally transfer their land using one of three types of deeds: 1) a warranty deed; 2) a special warranty deed; or 3) a quitclaim deed. This article briefly explains the differences between those different deeds and when parties use—or should use—one type of deed rather than another. Warranty Deed …
Joseph G. Ballstaedt801.365.1021joe@snjlegal.com In Utah, trust deeds are often used to secure loans, ranging from loans for homebuyers to loans for general contractors used to finance real estate developments. The real property identified in the trust deed acts as collateral. If the debtor fails to pay, the lender can sell the property in a foreclosure …
Timelines (and the Statute of Limitations) for Foreclosing on a Trust Deed in Utah Read More »
Joseph G. Ballstaedt801.365.1021joe@snjlegal.com When a homeowner fails to make payments in Utah, he or she is typically in danger of what is called a “non-judicial foreclosure.” What this means is that the lender (usually a bank but whoever is financing the loan) can sell the home to recover the amount that the buyer owes, and …
Reinstatement and Payoff when a Utah Trust Deed Goes into Default Read More »
