Blog: Community Happenings, Events, and Real Estate News | Page #53

Luxury Living - Mountain Homes and Lifestyle

Do banks commit fraud? Do they steer appraisals? They do.

There is so much talk about how borrowers have defrauded the system and manipulated appraisals. Which I have no doubt they have but I represent several distressed borrowers trying to work out short sales and the lack of integrity on the part of some banks (not all of them) is astounding.

The Foreclosure

A Utah bank forecloses on a property and has an internal appraisal thirty days prior to the foreclosure for $275,000. The borrower owes $276,000. The bank buys the property back at the foreclosure auction for $245,000 and sues the borrower for $31,000 plus legal fees. When this property was purchased the borrower put 30% down and had made payments for three years on a 20 year amortized

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Eden Utah Home For Sale in Wolf Creek - 5752 E Elkhorn Drive, Eden, Utah

One of Eden, Utah's finest, this well proportioned mountain home is a perfect 10 in Ogden Valley, Utah. Located in the Wolf Creek Utah development, enjoy close proximity to the Wolf Creek golf course, hiking trails, pool, fitness center and Utah's world class skiing. Boasting views of the reflective waters of Pineview Reservoir with Snowbasin as a back drop brings the outdoors in through large picture windows. It is a mere 8 minute drive to Powder Mountain Ski Resort, perfect for first tracks on a powder day.

Immediately notice the detail in this 5,000 square foot Utah ski home as you step in the front door. Accented with large alder crown mouldings, plaster accent walls,

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Ogden Valley issues were the focus of a packed Weber County Commission agenda.

Several residents turned out to let commissioners know they want to preserve the rural atmosphere of the valley.

At three separate public hearings, residents and workers asked commissioners to not allow more rezones for large equipment storage, reconsider allowing internally lighted signs and reject a transportation plan that allows for a possible road through sensitive lands.

Thom Summers, with S&S Excavating in Eden, said he believes the county is unfair to rezone land to allow other businesses more space to store large construction equipment, as no other companies have expressed an interest in buying any of the land currently available for that use.

The

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Most of us know someone involved with a short sale, pre-foreclosure or foreclosure in the Utah real estate market. While these properties represent a large portion of those being bought and sold currently, most individuals are unaware of several of the intricacies involved with these transactions.

Brandi Hammon, with Mountain Luxury Real Estate and Development, and Celeste C. Canning PLLC, attorney at law, will be presenting a synopsis of the process involved in a short sale and foreclosure as well as the legal differences between the two on an ongoing as needed basis. Please email to request a new seminar or simply request basic information.

These events are open to the public and pertain to both buyers and sellers. There will also be an open forum

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Utah winters bring the gift of champagne powder renowned as the greatest snow on earth. Although this is one of the most coveted gifts of nature, Utah boasts unique landscapes from slot canyons in Zion National Park to the snowy peaks of the Wasatch Mountains. Here you will find friendly people filled with exuberance and a plethora of accessible world class exploits. While most of the nation is experiencing a recession in real estate, Utah, although slower than in previous years, remains stable and is still a phenomenal value. The state has enjoyed a population growth of 85,000 over the last year with more companies looking to relocate to the area.

Mountain Luxury Real Estate represents properties in the greater Ogden area including the mountain towns

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This was just released by Snowbasin. I was at the resort on Thursday and it isn't looking so great. But have faith, Snowbasin will get lots of snow! I BELIEVE.

Wolf Mountain is open, bunny hill only. So, there is skiing to be done! My husband managed to get some skinning at Powder last Sunday after the storm. He had some great runs on north facing slopes. Welcome winter!

See you on the slopes!

Brandi

FOR IMMEDIATE RELEASE CONTACT: Jodi Holmgren 801.510.9684

SNOWBASIN TO OFFICIALLY OPEN ON THANKSGIVING DAY

SNOWBASIN, Utah (November 24, 2009) - Snowbasin announced today that they will open as planned on November 26th. Needles Express Gondola and Littlecat Express Quad will be in operation beginning at 9am on Thanksgiving. Mountain Manager,

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So I have not read the book, Bargaining for Eden, as of yet, but Scott Trimble has written a story of the struggles over land and it is focused on the land swap between Earl Holding and Forest Service for Snowbasin. I will make more comments once I have read it but from what I have read in reviews and been told so far, the book appears to be a balanced view of preservation of land and open space versus development the rights to do such.

Here is a very important point, conservation easements and who holds them is critical. I am not sure if this is actually addressed or not in the book, but had a third party (non-political) possessed a conservation easement, the land could have not been developed.

Just a note, anything can be developed with a change in

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It has been a long time coming, but finally I have committed to creating and maintaining a blog with topics relating to real estate, the market, the lifestyle we represent and well, since it is a blog, anything else I fancy.

So where to begin, as with all things, change is here. It is snowing in beautiful Eden, Utah right now signifying a new season, my favorite season, and the creeping end to a long recession. Yes, this is my optimism speaking, which is innate.

I recently attended a meeting with three panelists including Juliette Tennert who manages and analyzes economic, demographic and fiscal data to the state government. In the discussion was unemployment, which Utah is still substantially behind the national average, new home starts which are

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