First Utah Bank is a small UT financial institution. They primarily lend in Utah and Salt Lake Counties. As a bank they pride themselves in building great trust with their clients. They provide financial services including mortgage loans. Unfortunately some of the loans they extend do not perform and properties will be foreclosed and cars will be repossessed. First Utah Bank provides these foreclosed REO properties for sale to the public. Buyers can usually swoop in and get a great price on the real property they sell. Most of the inventory they offer will be real estate but you might see repo vehicles appear too. This bank will usually just send it’s repo’s to a dealer auction so they rarely list them on their website. The biggest advantage of buying a foreclosed property from First Utah Bank is the considerable savings. It’s not too uncommon to pay pennies on the dollar for certain properties the bank has acquired. Buyers need to make sure to properly inspect anything they want to buy as bank repo’s are generally sold as-is.
Contact InformationPhone Number: 801.308.2265
Address: 3826 South 2300 East Salt Lake City Utah 84109