If you're the homeowner, be aware that Utah is a deficiency state, which means that the lender can go after your assets for the «deficiency» after a foreclosure sale (i.e. the difference between what the home
fetches at the foreclosure auction and the amount you still owe on the mortgage).
This technique has some far -
fetched assumptions baked in (such as finding banks that will take 60 cents on the dollar for performing notes, on the theory that the borrower MIGHT just stop paying on his underwater mortgage), but does
at least attempt to exploit the crazy aspects of the current
foreclosure crisis, so sure it's food for thought.