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Foreclosures & Short Sales in Salt Lake City, Utah
Distressed listings in Salt Lake City run thin compared to a decade ago, but they do come up — especially in older pockets like Rose Park, Glendale, Poplar Grove, and the avenues east of Redwood Road, plus scattered condos downtown and near the University of Utah. After the long run-up in Wasatch Front prices, most owners hold enough equity to sell traditionally rather than go short, so foreclosures and short sales tend to involve specific situations: divorce, estate issues, investor properties that didn't pencil out, or owners who bought at the 2021-2022 peak with low down payments. That means the inventory is uneven week to week, and the homes that do surface often need work.
Buyers shopping bank-owned (REO) homes and lender-approved short sales in Salt Lake City should plan for as-is conditions, longer timelines on short sales (60-120 days is normal while the lender reviews), and competition from local investors who pay cash and close in two weeks. The upside is real: meaningful discounts on homes near TRAX lines, walkable access to downtown employers like Goldman Sachs and the hospital systems, and lots big enough to add an ADU under Salt Lake's revised zoning. Financing with FHA 203(k) or conventional renovation loans can open doors that cash buyers grab on traditional MLS searches. Browse the current foreclosure and short-sale listings below to see what's actually on the market in Salt Lake City this week.
May 2026 · Salt Lake City market
Live from the Utah MLS — what's actually happening in Salt Lake City right now.
Median sale
$577,450
270 closed in May 2026
Median DOM
7 days
listing → contract
Sale-to-list
99.3%
of final list price
Unsold inventory
754
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About foreclosures & short sales in Salt Lake City.
How common are foreclosures and short sales in Salt Lake City right now? ▾
Distressed inventory in Salt Lake City has stayed thin since 2020 thanks to strong equity gains across the Wasatch Front. Most weeks you'll see a handful of pre-foreclosure notices and a smaller number of bank-owned (REO) listings on the MLS, concentrated in older neighborhoods like Glendale, Rose Park, and parts of West Valley adjacent to the city. Counts move week to week, so the list below reflects what's currently active.
What's the difference between a foreclosure and a short sale? ▾
A foreclosure (REO) means the bank has already taken the home back and is selling it directly — closings are usually faster, often 30-45 days. A short sale means the owner still holds title but owes more than the home is worth, and the lender has to approve any offer below the loan balance. Short sales in Salt Lake County routinely take 60-120 days because the bank's loss-mitigation department drives the timeline.
Are these homes sold as-is? ▾
Almost always, yes. Banks and short-sale lenders rarely fund repairs, won't credit for a new roof or furnace, and often won't complete seller disclosures because they never lived in the home. Build inspection contingencies into your offer and budget for deferred maintenance — Salt Lake's older housing stock (pre-1960 in places like Poplar Grove or Fairpark) frequently needs electrical, sewer line, or foundation work.
Can I use FHA or VA financing on a Salt Lake City foreclosure? ▾
Sometimes. The property has to meet HUD's minimum property standards, which rules out homes with major roof damage, missing systems, or significant peeling paint on pre-1978 houses. FHA 203(k) renovation loans are a workaround for fixers and are increasingly common on west-side Salt Lake purchases. Cash and conventional offers still tend to win competitive bank-owned situations.
Do I need a different kind of agent for distressed properties? ▾
It helps. Short sales especially involve lender negotiators, BPOs, and lien releases that an agent without recent distressed experience can fumble. Ask whether the agent has closed REOs or short sales in Salt Lake County in the last 12-24 months — the playbook changed after the CARES Act forbearance wave wound down.
Are auction properties on the courthouse steps included here? ▾
No. The MLS listings below are bank-owned homes and lender-approved short sales being marketed through licensed brokerages. Trustee-sale auctions at the Salt Lake County courthouse are a separate process — cash only, no inspections, and you take the property subject to any junior liens. Most retail buyers stick with the MLS route shown here.