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Lehi Utah Foreclosure Lawyer

Foreclosure Lawyer Lehi Utah

Lehi is a city in Utah County, Utah, United States. It is named after Lehi, a prophet in the Book of Mormon. The population was 47,407 at the 2010 census, up from 19,028 in 2000. A more recent 2018 estimate reports a population of 66,037. The rapid growth in Lehi is due, in part, to the rapid development of the tech industry region known as Silicon Slopes. The center of population of Utah is located in Lehi. Lehi is part of the Provo–Orem Metropolitan Statistical Area. A group of Mormon pioneers settled the area now known as Lehi in the fall of 1850 at a place called Dry Creek in the northernmost part of Utah Valley. It was renamed Evansville in 1851 after David Evans, a local bishop in The Church of Jesus Christ of Latter-day Saints (LDS Church). Other historical names include Sulphur Springs and Snow’s Springs. The land was organized into parcels of 40 acres (160,000 m2), and new settlers received a plot of this size until the entire tract was exhausted. There was little water to irrigate the rich soil, so it became necessary to divert a portion of American Fork Creek. Evansville consumed up to one-third of the creek’s water, as authorized by the Utah Territorial Legislature. The settlement grew so rapidly that in early 1852, Bishop David Evans petitioned the Utah Territorial Legislature to incorporate the settlement. Lehi City was incorporated by legislative act on February 5, 1852. It was the sixth city incorporated in Utah. The legislature also approved a request to call the new city Lehi after a Book of Mormon prophet of the same name. The downtown area has been designated the Lehi Main Street Historic District by the National Park Service and is on the National Register of Historic Places.

Salt Lake City receives millions of visitors a year. If you are going to be one in 2019, choose to stay in a hotel in Lehi! Lehi has more affordable accommodations, is in a central location, between Provo and Downtown Salt Lake City, and has dozens of attractions and outdoor activities close by. Here are main reasons why you should choose Lehi as your main hub when you visit Utah next.

Lehi has a variety of hotels to choose from for your next stay, from Hilton to Marriott and several others. One major benefit to staying in Lehi is that the hotel rooms are more affordable and still offer all of the benefits as the hotels in Salt Lake City. It is less crowded and overall makes for a more enjoyable experience!

Lehi could not be more perfectly located! It is in the middle of Salt Lake City to the north and Provo to the south. Because of its central location, it is easy to get around the valley, especially when using the FrontRunner. The FrontRunner station is conveniently found right next to Thanksgiving Point (mentioned below) and can get you to the heart of Salt Lake City in about 40 minutes. The FrontRunner can also take you down south to Provo to explore the famous Brigham Young University and bustling Downtown Provo.

Thanksgiving Point receives over 2,000,000 visitors each year. There is so much to see including the Museum of Ancient Life, the Museum of Natural Curiosity, the beautiful Ashton Gardens, golf, a brand new Butterfly Biosphere, and so much more. It is a large venue that is family-friendly and offers many ways to learn and experience Utah in a way you can’t find anywhere else. It is right next to the freeway and the Outlets at Traverse Mountain, so it is easy to find and access and makes a great day trip close to your hotel.

Lehi has many great food places to offer, from your favorite chains, to amazing local favorites. They are constantly getting new places to try, as the area is seeing a lot of growth, ranging from cheaper more casual dining to fine dining experiences. Some worth mentioning are Tsunami Sushi Bar and Grill, Zulu Piri Piri Chicken (African cuisine), Rising Bun, Pizza Studio, and JCW’s. With all of the restaurants you are sure to find something that the whole family will love and enjoy.

The Outlets at Traverse Mountain are located right off the freeway, across from Thanksgiving Point, and offers amazing stores that will satisfy your deepest shopping needs, and not at crazy high prices like many stores in Salt Lake City. The Outlets at Traverse Mountain’s motto is that they are “Utah’s most beautiful place to save.” They have high glass ceilings to let in the natural light but keep you dry no matter what the weather is like outside. In this beautiful environment, you can always find great deals so you can shop and feel good about it, too!

If you’re visiting Utah, chances are you want some great outdoor adventures! Lehi is a short drive into the mountains and is close to many breathtaking drives and hikes. The Alpine Loop Scenic Byway provides many beautiful sights and is the start of adventurous, as well as family-friendly hikes, such as Stewart Falls, Horsetail Falls, and Cascade Springs. If you are prepared, you can spend a day hiking to the top of Mount Timpanogos. You also must check out Timpanogos Cave National Monument, Tibble Fork Reservoir (for kayaking, swimming, and more) or drive further south to Sundance Mountain Resort for skiing and numerous other activities! If you want a wild adventure, check out the Flight Park at the point of the mountain!

Lehi is the 11th largest city in Utah with an estimated population of 62,712. The median age is 24.7 and the median household income is $81,013. There are approximately 14, 379 households located in the Lehi with an average of 3.91 people per household. (2018 Data) The median property value in Lehi is $265,800 and the homeownership rate is 80.3 percent. Lehi is located in Utah County, UT and borders cities such as American Fork, UT; Draper, UT; Bluffdale, UT; Highland, UT; and Saratoga Springs, UT.
List of all the Neighborhoods in Lehi.

The community is made up of over 23 different neighborhoods covering 26.7 square miles at an altitude of 4,564 ft. Moving to a new city has its advantages because you can pick which neighborhood you live in and what type of people you want to associate with. Smaller towns and cities lack what Lehi provides. Below is a list of all the neighborhoods located in Lehi along with a description of the area and its location in relation to other larger surrounding cities.
• Cedar Hollow Neighborhood
• Central West Neighborhood
• Courtyard Cove/Foxborough Neighborhood
• Eagle Crest Neighborhood
• Fox Run Neighborhood
• Gray’s Farm Neighborhood
• Jordan Willows Neighborhood
• Lehi Central Neighborhood
• Lehi Ranches Neighborhood
• North Lake Neighborhood
• Olympic Park Neighborhood
• Pheasant Pointe Neighborhood
• Pilgrims Landing Neighborhood
• Point Meadows Neighborhood
• Railroad Street Neighborhood
• Skyridge Corner Neighborhood
• Snow Springs Neighborhood
• Spring Creek Ranch Neighborhood
• Sunset Drive Neighborhood
• Sunset Hollow Neighborhood
• Traverse Landing Neighborhood
• Utah Highlands Neighborhood
• Yorkshire Neighborhood

According to the U.S Census Bureau, Lehi is the fifth fastest-growing city in the United States. The city has more than doubled in size in the last decade due to several landmark companies, such as Adobe, I.M., Microsoft, Vivint, Oracle, Xactware and Xango laying roots there. Lehi’s most notable attraction is Thanksgiving Point, which offers various museum experiences, botanical gardens, shopping and restaurants for the whole family to enjoy. Lehi is a very beautiful city and has many diverse attractions with the mountains, lakes, reservoirs, resorts, national parks, desert, and shopping within reach of you in only a matter of minutes!

Lehi received a crime rate of 121.8 which is astoundingly lower than the US average of 280.5. Within 2016 there were 0 murders, 36 rapes, 8 robberies, 33 assaults, 130 burglaries, 599 thefts, 40 auto thefts, and 1 arson attempt. This is considerably lower than, for example, Chicago which had 765 murders, 1,568 rapes, and 12,000 robberies in 2016. Compared to those numbers, Lehi seems like a pretty safe place to live! There are also many opportunities to volunteer and join a service organization within Lehi. These organizations provide support and encouragement to those residents who need it the most.

Find out from the locals how much groceries are, average rent/mortgages, property expenses, taxes, etc. The better idea you can get before arriving, the more prepared you can be—and also the more negotiating power you’ll have when you’re determining what to request for your salary if you are moving here for work. The cost of living index will help you understand if you can afford to live in Lehi, Utah, how this city compares to other cities within Utah, and how Utah compares to others in the USA. Take the cost of living seriously and it could save you lots of money in the long run. Currently the cost of living index for Lehi is 111.8 which is slightly above the average across the United States.

Things To Do in Lehi, Utah
• Thanksgiving Point
• Ashton Gardens at Thanksgiving Point
• Museum of Natural Curiosity at Thanksgiving Point
• Hutching Museum
• Neptune Park
• Traverse Mountains
• Wines Park
• Olympic Park
• Children’s Discovery Garden

What Are the Stages of the Foreclosure Process?

If you’re struggling to make mortgage payments and have missed one or more, you may be wondering what it’s like to go into foreclosure, as a last resort. The mortgage foreclosure process is a long and drawn-out one, and the exact steps vary from state to state. In some states, foreclosure requires a court hearing, and borrowers have the chance to contest the action and even raise defenses. In others, the bank can foreclose on the property without any judicial intervention. Hearing or not, a foreclosure action can cause you to lose your home. It can also have a long-lasting impact on your credit score.

Stages of Foreclosure

The exact foreclosure process is different in each state, but generally, you can expect it to look something like this:
• Default and notice of default
• Foreclosure filing and trial
• Notice of sale and sale of property
• Eviction
Not all borrowers will go through each of these steps. A foreclosure filing and trial are only necessary in states where a judicial hearing is required.

Default and Notice of Default

The first thing that happens in the foreclosure process is that you enter into default. “Default” essentially means you’re late on your mortgage payments—what most lenders refer to as being delinquent. Law dictates that a lender must reach out to a borrower once he or she is 36 days behind on mortgage payments. By 45 days, the lender must provide written notice of the default, including details about any loss mitigation or repayment options the borrower may be able to use. A borrower has to be at least 120 days behind on his or her mortgage for the lender to start the foreclosure process legally.

Foreclosure Filing and Trial

If you’re in a judicial foreclosure state, the next step is the foreclosure filing. The lender will file a foreclosure lawsuit against the borrower, also called a “complaint.” In some states, lenders need to prove that they offered the borrower loss-mitigation options before filing suit. The foreclosure suit will go before the court, and borrowers have a right to contest their foreclosure and raise their own defenses. If the court rules in favor of the lender, the property can be scheduled for sale.

Notice of Foreclosure, Sale

In non-judicial foreclosure states, there is no trial. Lenders simply issue a “notice of intent to foreclose,” alerting the borrower that the foreclosure process has begun. They will also need to advertise the sale—usually in a newspaper, for at least a few weeks prior to the scheduled sale date. The actual selling of the property is done via auction, and usually by the local sheriff’s department. In many cases, banks and lenders are forced to purchase the properties back due to a lack of buyer interest. These are then dubbed “bank-owned properties” or “real estate-owned properties” (REOs), and the lender then makes efforts to sell those directly to a buyer. Many banks and larger financial institutions list their REO properties somewhere on their website.

Eviction

Once a foreclosed property has been sold, the former homeowner must vacate the premises. If he or she doesn’t, the new buyer legally can have them evicted from the home. The exact process for getting someone evicted varies by state.

Deed in lieu of foreclosure

A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender. The principal advantage to the borrower is that it immediately releases him/her from most or all of the personal indebtedness associated with the defaulted loan. The borrower also avoids the public notoriety of a foreclosure proceeding and may receive more generous terms than he/she would in a formal foreclosure. Another benefit to the borrower is that it hurts his/her credit less than a foreclosure does. Advantages to a lender include a reduction in the time and cost of a repossession, lower risk of borrower revenge (metal theft and vandalism of the property before sheriff eviction), and additional advantages if the borrower subsequently files for bankruptcy. If there are any junior liens a deed in lieu is a less attractive option for the lender. The lender will likely not want to assume the liability of the junior liens from the property owner, and accordingly, the lender will prefer to foreclose in order to clean the title. In order to be considered a deed in lieu of foreclosure, the indebtedness must be secured by the real estate being transferred. Both sides must enter into the transaction voluntarily and in good faith.

The settlement agreement must have total consideration that is at least equal to the fair market value of the property being conveyed. Sometimes, the lender will not proceed with a deed in lieu of foreclosure if the outstanding indebtedness of the borrower exceeds the current fair value of the property; in other cases, a lender will agree since it will likely end up with the property anyway through the costly foreclosure process. Because of the requirement that the instrument be voluntary, lenders will often not act upon a deed in lieu of foreclosure unless they receive a written offer of such a conveyance from the borrower that specifically states that the offer to enter into negotiations is being made voluntarily. This will enact the parol evidence rule and protect the lender from a possible subsequent claim that the lender acted in bad faith or pressured the borrower into the settlement. Both sides may then proceed with settlement negotiation. The Home Equity Theft Prevention Act in New York has created some confusion regarding this frequently-used method of settlement.[citation needed] It is unclear whether HETPA applies to deeds in lieu of foreclosure since there is no clear exclusion as there is for a referee’s deed, for example. The 2-year right of rescission is not a risk that banks or title insurers are comfortable with, especially given the complexities of compliance, so many banks and title insurers in New York are not willing to work with deeds in lieu.

Lehi Foreclosure Attorney

When you need legal help from a Lehi Foreclosure Attorney, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

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About the Author

People who want a lot of Bull go to a Butcher. People who want results navigating a complex legal field go to a Lawyer that they can trust. That’s where I come in. I am Michael Anderson, an Attorney in the Salt Lake area focusing on the needs of the Average Joe wanting a better life for him and his family. I’m the Lawyer you can trust. I grew up in Utah and love it here. I am a Father to three, a Husband to one, and an Entrepreneur. I understand the feelings of joy each of those roles bring, and I understand the feeling of disappointment, fear, and regret when things go wrong. I attended the University of Utah where I received a B.A. degree in 2010 and a J.D. in 2014. I have focused my practice in Wills, Trusts, Real Estate, and Business Law. I love the thrill of helping clients secure their future, leaving a real legacy to their children. Unfortunately when problems arise with families. I also practice Family Law, with a focus on keeping relationships between the soon to be Ex’s civil for the benefit of their children and allowing both to walk away quickly with their heads held high. Before you worry too much about losing everything that you have worked for, before you permit yourself to be bullied by your soon to be ex, before you shed one more tear in silence, call me. I’m the Lawyer you can trust.