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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 Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
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710 W Easy Street, Caldwell, ID - $259,900

Residential, Single Family
  • 4 Beds
  • 3 Baths
  • 2,336 SQFT
  • 8 DOM
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Great Investment Home. 4 Bed, 3 Bath, Vaulted Ceilings. Great Space For Entertainment! Yard Has Lots Of Potential And Offers Rv Parking. Wood Burning Fireplace And 2 Storage Sheds. Lots Of Storage Throughout The House. Potential Is Endless To Make...

Homes of Idaho

2366 Hillcrest Dr, Twin Falls, ID - $319,900

Residential, Single Family
  • 5 Beds
  • Baths
  • 2,935 SQFT
  • 15 DOM
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Beautiful 5 Bed, 3.5 Bath Home With An Open And Spacious Kitchen And Dining Area. Jetted Tub, Walk-in Tile Shower, And Dual Vanities In Master Bathroom. Covered Patio, Landscaping With Fruit Trees.

208 Real Estate, LLC - Twin Falls

2707 Indian Trail, Twin Falls, ID - $219,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,448 SQFT
  • 19 DOM
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Home Near Thomsen Park! Beautiful 3 Bedroom 2 Bath Home Has It All; Single-level, Open-concept, Fireplace, Vaulted Ceilings, Water Softener And Stainless Steel Appliances Included! Mature Landscaping With Curbing, Covered Back Deck Great For Enter...

Keller Williams Sun Valley Southern Idaho

910 N Plateau, Caldwell, ID - $240,000

Residential, Single Family
  • 5 Beds
  • 2 Baths
  • 3,186 SQFT
  • 26 DOM
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Fixer Upper- Short Sale Approved. Must Be On Market 15 Days At Fair Market Value- Purchase Contract Fully Executed On All Pages Including All Extenions And Addendums. Please See Doc Tab For Pre-forclosure Addendum Sale Needs To Be Signed And Dated...

Silvercreek Realty Group

10497 W. Silver Fox Dr., Boise, ID - $219,900

Residential, Single Family
  • 4 Beds
  • 1 Baths
  • 1,374 SQFT
  • 33 DOM
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Investors And Creative Minds Here Is Your Next Purchase. This Home Offers 4 Beds And 1 Bth, Huge Lot, Rv Parking And No Hoa. With A Little Love And Some Elbow Grease This Will Be A Great Place To Call Home.

Team Realty

639 Ash Street, Twin Falls, ID - $91,000

Residential, Single Family
  • 2 Beds
  • 1 Baths
  • 1,704 SQFT
  • 38 DOM
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This Home Is Ready For The New Owner And The Basement Offers An Incredible Opportunity For Growth. Newer Roof, Forced Air Gas Furnace And Electric Water Heater. The Eat-n Kitchen Offers A Built-in Oven And A 4-burner Cooktop. The Picket Fence Offe...

Epic Realty LLC

134 8th Ave, Twin Falls, ID - $280,000

Residential, Single Family
  • 6 Beds
  • Baths
  • 3,745 SQFT
  • 40 DOM
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Grab An Iced Tea And Relax On The Front Porch Watching The Wisteria Grow Up The Arched Entrance Of This Beautiful 6 Bed/ 2.5 Bath Fully Fenced Magnificent Colonial Style Home That Features Vinyl Siding, 2 Car Detached Garage, Large Front Porch, 2 ...

Keller Williams Sun Valley Southern Idaho

603 6th St., Filer, ID - $108,000

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,425 SQFT
  • 55 DOM
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3 Bed 2 Bath Home For Sale On A Nice, Large Corner Lot In Filer! Large Detached 2 Car Garage With Extra Workshop Space / Office Room Connected. Great Charm With This Home. Lots Of Space On The Property To Garden And Run Around On. Forced Air Natur...

Super Realty of Idaho

2015 Itani Drive, Moscow, ID - $419,000

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,718 SQFT
  • 55 DOM
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Beautifully Appointed Home Located On Level Lot! Rare Find - Wheelchair Accessible. Cambria Quartz Counters In Kitchen. Stainless Steel Appliances. Maple Cabinets Throughout Home. Spacious Dining Area With Built-in Buffet. Large Master Suite With ...

Latah Realty, 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 July 23rd, 2019 at 12:15pm MDT.

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