Foreclosures in Washington County

While Washington County real estate experts are citing a temporary decline in foreclosure activity this summer, banks are expected to claim distressed properties with renewed focus in the fall, with 3,000 additional residential fore­closures anticipated during the next 12 months.
Amid widespread economic and financial instability, some lenders have reduced their fore­closure activity in Washington County, said Allan Carter, director of developer services for Southern Utah Title Company.

County property records sup­port Carter’s theory, with approxi­mately 193 notices of default, the first step in the foreclosure process, recorded in Washington County from July 1 to July 29 among all property types, representing a sig­nificant drop from the 293 default notices documented during the same period last year.

From July 1 to July 29, Washington County recorded 118 foreclosures among all property types, essentially remaining flat with last year’s figure of 121. The Spectrum