Utah Foreclosure Ranking

One of my favorite blogs is Calculated Risk. This is a no-BS site on economic facts and figures and I highly value the information presented there. Today the blog posted this chart which I found quite interesting:


This ranks the percentage of mortgages in foreclosure or delinquent in each state as reported by the Mortgage Bankers Association. Utah is in the bottom 3rd of the group. Interestingly enough, 10% of homes listed in Utah are short sales right now. This roughly corresponds to the combined figure reported on this chart for bad loans. Bank Owned properties do no show up as short sales on the MLS however, so I believe that the difference is made up by folks trying to short sale their homes prior to becoming delinquent on their mortgages.