Deed of Trust

Timelines (and the Statute of Limitations) for Foreclosing on a Trust Deed in Utah

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 …

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What Sellers and Purchasers Need to Know about a Utah Real Estate Sale

A real estate sale can seem like a daunting task, but with an attorney on your side, you can sail through with ease. There are a few documents that you need to understand when entering into a real estate transaction: deed of trust, promissory note, and guaranty. Let’s walk through these documents so you can …

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Reinstatement and Payoff when a Utah Trust Deed Goes into Default

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 …

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