Taylor Nelson Real Estate | Murray, West Jordan UT | Buying a Home, Selling a Home, Real Estate Market, First Time Home Buyers

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Taylor Nelson
Realtor

Direct: 801-518-9808

Office: 801-270-9110



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@ Home Realty
7985 S. 700 E.
Sandy, UT 84070
801-270-9110


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Archive for January 2010

SALT LAKE COUNTY HOME SALES CONTINUE TO REBOUND

Tuesday, January 26th, 2010

The Salt Lake Board of Realtors reported that “sales of single-family homes in Salt Lake County were up 36.2% in the fourth quarter compared to the same quarter last year.”  This doesn’t necessarily mean that home prices are going up, but it does mean that people are out there buying homes.  Some cities in Salt Lake County saw homes sales jump dramatically while others were a bit more steady.  The Salt Lake Board of Realtors reported that “in Draper (84020) home sales soared by 51.7 percent. In Midvale (84047), sales were up 108.8 percent. In Herriman (84096), sales rose by 42.3 percent. In West Valley (84128), sales were up 38.5 percent. Areas of downtown Salt Lake City also saw big increases in sales. Sales in the Avenues (84103) were up 41.7 percent.”

DIFFERENCE BETWEEN A DEED & A NOTE

Wednesday, January 13th, 2010

It is actually very simple.  The note is the loan contract and the deed is what helps secure the note to the asset.   Things included in the note are: interest rate, terms of the loan, pre-payment penalty.  When someone buys a home the deed is recorded with the county giving them title and ownership to the home and creates that security interest, and makes the debt or note secured by a specific asset.

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