Utah State is in the western region of USA. Most of the population concentration is in Salt Lake City. In contrast vast areas of Utah are vacant. In Native Indian language Utah means the People of the Mountains. Utah is known for its diversity in landscape – river valleys, mountains, deserts and now Utah Repo homes. Utah Repo homes are now hogging the limelight. Most of the people of Utah belong to the Mormon Church. Today another homogenizing factor has emerged - Utah Repo homes. Utah State buzzes with activity in information technology, research, government office, transportation as well as tourism. From 2000 to 2005 it was noted to the sixth fastest growing state in the country. But since the last two years Utah Repo homes are telling another tale – not of glory but of woe.

However in contrast to the rest of the country where foreclosures were spiking, in the third quarter of 2007 the number of Utah Repo homes actually decreased. It fell by about 34% in comparison to the same period in 2006. The number of Utah Repo homes was also less by 2.4% from the previous second quarter of 2007. The number of Utah Repo homes calculated to a foreclosure rate of 1:402. Utah ranked 20th in the national foreclosure rate. During the third quarter the national foreclosure rate was 1:196.

Unfortunately from 2008 the number of Utah Repo homes began to increase. In March there was an increase of 93% of Utah Repo homes. It now came to rank 17th. Most of the Utah Repo homes continued to be concentrated in Salt Lake City. It is apprehended the number of Utah Repo homes will peak in the second quarter of 2008. This means that the numbers of Utah Repo homes will begin to level off.

The term, Utah Repo homes, are used synonymously with foreclosed houses because these all come from the foreclosure category. The foreclosure process ends with the repossession of the units by the lenders, in most cases the banks. As such the entire process is taken figuratively to be one. With real estate prices falling the banks fail to win satisfactory buyers at the court auctions. As such they repossess the units, make essential repairs and then try to sell them through real estate agents or private auction firms. The banks are in a hurry to off load the units as these are raising a stink in the neighbourhood, draining government funds, affecting the general economy and angering politicians and public alike.

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