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Foreclosed homes in Idaho

Looking for foreclosed homes in Idaho? We have thousands of excellent homes for sale, including properties that are bank owned, short-sale, and other sale types. Use our unparalleled search engine to find homes right for you, today!

Foreclosed Homes in Idaho

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $600,000 - $700,000
$700,000 - $800,000
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Photo of Listing #98716765

809 Preston Ave, Lewiston, ID - $180,000

Residential, Single Family
  • 2 Beds
  • 1 Baths
  • 2,808 SQFT
  • 4 DOM
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Subject Property Is On 2 Lots (both Included In Price). One Level Home With Partial Basement. Metal Sided Workshop (approx 40x40) In Back. Huge Garden Spaces, 25 X 60 Each Great Soil.cedar Fenced Back Yard, Chain Link Fenec In Back And Back Lot Ha...

Jan McCoy Properties

206 Heyburn Ave W, Twin Falls, ID - $125,000

Residential, Single Family
  • 4 Beds
  • 1 Baths
  • 3,016 SQFT
  • 9 DOM
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Looking For A Deal? Check Out This Vintage Charmer. Large Covered Front Porch With Lots Of Room To Grow. 3016 Sq. Ft. Detached 2 Car Garage On A Large Corner Lot. Ready To Put A Personal Touch On A Home? This House Has So Many Possibilities To Add...

Super Realty of Idaho

3388 N Summerfield Way, Meridian, ID - $316,900

Residential, Single Family
  • 3 Beds
  • 3 Baths
  • 2,100 SQFT
  • 10 DOM
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Whether You Prefer Indoors Or Out, This Very Well Cared For Home Is For You! Large Enough For Family & Friends Yet Cozy And Inviting.this Home Boasts A Large Open Kitchen W/ss Appliances & Dbl Ovens, Spacious Breakfast Bar & Nice Pantry! Gather To...

John L Scott Boise

255 S Capitol Blvd 1403, Boise, ID - $700,000

Residential, Condo
  • 2 Beds
  • 2 Baths
  • 1,509 SQFT
  • 16 DOM
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What An Opportunity! This Unit Has Been Regrettably Placed On The Market. All That Boise Has To Offer Is At Your Doorstep As Well As All The Amenities That Are The Grove! Floor To Ceiling Windows High Above Boise's Downtown, Bring The Beautiful Fo...

Smith & Coelho

2279-b E 4000 N, Filer, ID - $280,000

Residential, Single Family w/ Acreage
  • 3 Beds
  • Baths
  • 2,136 SQFT
  • 54 DOM
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Horse Or Cattle Property. Full Fenced With 2.5 Tfcc Water Rights, Gated Pipe, And No Ccr's. 3 Bay Shop, Upper Storage With Studio Apartment, Bath With Shower & Heat Pump. Backup Generator In Case Of Power Outage With Owned Propane Tank. Home Ha...

Mountain West Realty Satellite

376 Buchanan, Twin Falls, ID - $158,000

Residential, Single Family
  • 4 Beds
  • 2 Baths
  • 2,430 SQFT
  • 55 DOM
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Adorable Home On The President Streets. Beautiful Hardwood Floors And Lots Of Built In Storage. Large Front Yard And A Fenced Backyard With Mature Landscaping. Very Spacious Kitchen And Dining Areas. New Carpet Is Ready To Be Installed Downstair...

Keller Williams Sun Valley Southern Idaho

2405 Ne 10th Avenue, Payette, ID - $350,000

Residential, Single Family w/ Acreage
  • 3 Beds
  • 2 Baths
  • 2,146 SQFT
  • 95 DOM
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Lovely Small Acreage, Subject To Short Sale

Homes of Idaho
Photo of Listing #98704491

2408 W Kuna Cave Rd, Kuna, ID - $120,000

Residential, Single Family w/ Acreage
  • 5 Beds
  • 3 Baths
  • 4,200 SQFT
  • 149 DOM
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This Large Home Is Situated On Just Over 4 Acres In The Birds Of Prey Area, South Of Kuna, With Sweeping Views Of The Foothills & Wildlife. In 2018, A New Roof, Disposal, & Furnace Were Installed. This Home Is A Short Sale And Sold As Is, Where ...

RE/MAX Capital City

300 Elk Creek Rd, Idaho City, ID - $195,000

Residential, Single Family w/ Acreage
  • 2 Beds
  • 2 Baths
  • 1,600 SQFT
  • 195 DOM
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Fixer Upper..

Real Estate by Design LLC

Idaho Foreclosure Statistics

Idaho recovered rather quickly from the economic crash of 2008, as far as foreclosure properties go compared to other states. While previously one of the states with the highest density of foreclosed homes, the numbers speak for themselves - in 2012, there were nearly 8,000 homes listed as foreclosed. The next year, however, there were only 4,081. If you are looking for those properties specifically, the Idaho counties with the highest foreclosure rates are Twin Falls, Camas, Ada, and Payette.

Foreclosed homes in Idaho range in value with from under $100,000 to over $500,000. One of the reasons foreclosed properties are often preferred is that they usually come at a lower price than strict retail value.

Buying an Idaho Foreclosure Home

Buying a foreclosed home? Make sure you know the process of buying a foreclosed homes beforehand, and what you can do to make the transaction as stress-free as possible. One of the first things that you should do before looking into any property is requesting a pre-approval letter from your lender. This can bypass certain complications that could arise later.

Certain sale types require different procedures and regulations, and sometimes a home doesn’t even need to be foreclosed for you to get a more affordable price. When a homeowner is faced with foreclosure, they may try to sell the home before the bank claims it so as to not lose the value of their home completely. This is known as a pre-foreclosure sale, and it allows a buyer some room for negotiations and the ability to work with another homeowner instead of the bank or mortgage company.  

Foreclosed homes in Idaho

Alternatively, there are short sales. A short sale is where the mortgage company in control of the home will accept less for the home than what is actually owed on the property. This type of sale benefits the previous owner by lessening the effect on their credit score than a complete foreclosure would create.

By far, the most common foreclosure sale type in Idaho is an auction. After a home is up for foreclosure, an auction date is set and the home will simply go to the highest bidder. Participating in an auction may allow the new owner to purchase the home with a significant discount, but the home will not come with a pre-sale inspection and is not open for negotiations for renovations in the home.

Process of Foreclosing home in Idaho

Idaho is a non-judicial foreclosure state, which simply means that a house does not need to go through court in order to become foreclosed. There still is, however, an extensive process that a home must go through in order to become foreclosed. It is initiated by the homeowner missing a payment on their mortgage. If this occurs, they will receive a notification that they have an allotted amount of time to make the payment before their home is claimed by the bank.  

If they do not make that allotted time, homeowners are mailed a Notice of Sale that their property will be marketed for sale. They are given a date and must vacate the premises by then. During this time, they are given the opportunity to make the payment for the mortgage needed or take the matter to court if they feel the need. If the homeowners cannot pay, then the home is marketed for sale by the bank, most of the time on Idaho’s Multiple Listing Service (MLS).

Why live in Idaho?

Idaho is one of the best states in the country, thanks to its impressive outdoor areas as well as eclectic cultural identity. Home to some of the most rugged landscape in the Pacific Northwest, including mountain passes, alpine lakes, dense forests, and blistering deserts, Idaho cities have both the remarkably rural and the completely urban.

If you are in the Boise area, try visiting Julia Davis Park, one of Boise’s largest green spaces and the home of four of Idaho’s most popular museums. This includes the Boise Art Museum, a nationally accredited art institution. Less than thirty minutes away is the Lucky Peak reservoir, a popular location for swimming and other water sports, like water skiing. Or maybe you’d rather enjoy taking in a show at the Idaho Shakespeare Festival located nearby, a 770-seat outdoor amphitheater with incredible shows every summer.

Interested in visiting Central Idaho? This beautiful area of the state is filled with national forest lands, including the Boise National Forest and the Sawtooth Mountains area. Over 60 percent of Idaho’s lands have been designated as national park land - and Idaho residents seem to enjoy every bit of it!

When you begin your home search, consider different home sales, including foreclosed homes in Idaho. Begin your home search through the MLS in Boise and other Idaho cities today.

http://en.wikipedia.org/wiki/Foreclosure
http://www.mbaa.org/files/ResourceCenter/ForeclosureProcess/JudicialVersusNon-JudicialForeclosure.pdf
http://www.realtytrac.com/statsandtrends/foreclosuretrends/id

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.

Listing information last updated on January 20th, 2019 at 5:07pm MST.

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