Idaho Foreclosure Homes

If you are looking to real estate for sale, have you considered examining Idaho foreclosure homes? Idaho, like the rest of the nation, has had a varied level of foreclosures over the years. Though the economy can ultimately dictate how many foreclosure properties are available as well as their prices, there are still foreclosure homes on the market.

Idaho Foreclosure Homes

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000
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31301 Boulder Rd., Parma $129,900

  • 4 Beds
  • 2.0 Baths
  • 2,280 SqFt
  • 2.37 Acres

Affordable Country Property On 2.37 Acres. Out Of Town From Parma This Is In A Quiet Location Near The Snake River. Large Open Floor Plan With A Family Room And A Separate Living Area With A Fireplace. There Are 4 Large Rooms And 2 Bathrooms In A Split Plan...

Idaho MLS Select Properties, Llc-weiser
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8400 Willowcourt Drive, Boise $150,000

  • 3 Beds
  • 2.0 Baths
  • 1,326 SqFt
  • 0.13 Acres

Will Not Last At This Price. Enjoy All The Amenities That Willowbrook Has To Offer. 55+ Community With Clubhouse, Pool, Tennis Courts, Hot Tub And Putting Green. Single Level On Corner Lot. Private Covered Back Patio. Spacious Kitchen With Breakfast Ba...

Idaho MLS Coldwell Banker Tomlinson - Boise/capitol
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13809 Jenny Lane, Caldwell $160,000

  • 3 Beds
  • 2.0 Baths
  • 2,342 SqFt
  • 0.88 Acres

Fannie Mae Property. 3 Bedroom 2 Bath Manufactured Home On Permanent Foundation. Large Kitchen With An Island, Formal Dining, Attached Frame Bonus Room And Family Room With A Wood Stove. Central Heat And Air. Property Features A .88 Acre Pastured And Fence...

Idaho MLS Evans Realty, L.l.c.
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835 N 8th E, Mountain Home $45,000

  • 2 Beds
  • 1.0 Baths
  • 1,140 SqFt
  • 0.22 Acres

Single Level With Below Grade In The Heart Of Mountain Home! Property Offers 2 Bedrooms 1 Bath, Open Kitchen With Plenty Of Cabinet Space And Window Above Kitchen Sink Bringing In Natural Lighting. Good Size Back Yard.

Idaho MLS Re/max Executives
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110 Ne 12th St., Fruitland $156,000

  • 3 Beds
  • 2.0 Baths
  • 1,683 SqFt
  • 0.17 Acres

Located In The Mesa Park Subdivision, Across From The Park And Sports Facilities. I Especially Like The Floor Plan Of This Home With A Large Entry Area And Office Space. The Kitchen Is Open With An Island And Plenty Of Cabinets. The Master Bedroom Has Lots ...

Idaho MLS Select Properties, Llc-weiser
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4 N 100 E, Fairfield $159,900

  • 3 Beds
  • 2.0 Baths
  • 1,952 SqFt
  • 7.55 Acres

Seldom Will You Find So Much Opportunity Available With All The Comforts Of Country Living. 7.550 Acres Featuring A Number Of Outbuildings Including A Two Car Detached Garage, Large Shop, Additional Structure That Was Previously Utilized For Retail Sales. T...

Idaho MLS Coldwell Banker Canyonside Realty
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3106 Airport Ave, Caldwell $135,000

  • 3 Beds
  • 2.0 Baths
  • 1,362 SqFt
  • 0.12 Acres

Single Level 3 Bedroom, 2 Bathroom Townhouse. Home Has New Paint, Vinyl & Carpet. The Kitchen Has A Lot Of Cabinets With A Natural Wood Look. The Back Yard Is Well Maintained With Small Storage Shed. Great Curb Appeal From The Front Yard.

Idaho MLS Coldwell Banker Tomlinson -nmm
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602 Wyoming St, Gooding $63,600

  • 4 Beds
  • 1.5 Baths
  • 1,757 SqFt
  • 0.18 Acres

It’s Time For Some Sprucing Up. Bring Your Ideas And See How You Can Restore The Beauty Here. This Home Offers Partial Basement, Backyard, And Garage. It Is Also Located In Close Proximity To Restaurants, Schools, Shopping, And A Multitude Of Other Amenitie...

Idaho MLS Owners.com
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Buying a Foreclosed Home

When looking into potential real estate with foreclosed homes, make sure you remember some essential things about these kinds of properties. There are some pitfalls that come with purchasing a foreclosed home that can be avoided by taking a few simple steps. If you remember these details about foreclosed homes, then the process will become more simple.

A foreclosed home is a home where the previous residents did not pay the building mortgage. Because of this, foreclosed homes are stereotyped as being run-down and at the lower end of home quality. This is not always true, however. Foreclosures can happen to any home, regardless of the socioeconomic status of the owner or neighborhood. In Idaho, there are foreclosure listings from under $100K to over $500k. No matter the price, most foreclosure homes will be highly discounted.


Idaho Foreclosure Homes

When investing in a foreclosed home, your first step should be getting a pre-approval letter from your lender. This will allow the transaction to run more smoothly, providing the legal proof needed for the purchase.

Also, be prepared for sales that vary from the norm including auctions and short sales. An auction is a common way to buy a foreclosed home in Idaho, and the home will simply go to the highest bidder. After the purchase, remember that the house will come as-is. Unlike a typical transaction where you can request improvements, a foreclosed home is not offered the same luxury. Furthermore, there is little room for negotiations when it comes to a purchase of a foreclosed home.

Foreclosure Process in Idaho

Idaho is classified as a non-judicial foreclosure state. A non-judicial foreclosure state simply means that the foreclosure does not need to go through the court. In Idaho, there is a different process to foreclose homes.

The first step is taken when a resident of a home does not make a payment to the mortgage. They are notified through mail and the notice is recorded. If they still do not make a payment to the mortgage, they are given a timeline in which they have to make the payment. If they do not follow the timeline, a Notice of Sale is mailed to the resident and the home is marketed for sale. The home resident(s) must move out by the prescribed amount of time and then the home is sold. During the whole process, the home resident is given the opportunity to pay off the home or take the case to court.

Most of the time, when the home is ready to be sold, the Idaho foreclosure homes will have an auction date set for sale.

Idaho Foreclosure Statistics

Idaho has many real estate options in foreclosure listings. These options have fluctuated in availability and price range. In Idaho, there were almost 8,000 homes listed as a foreclosure in 2012. The number has since decreased with about 4,081 foreclosed homes in 2013. In May 2014, there was an average of 1 foreclosed property in every 1,718 homes. This statistic combines all of the cities in Idaho.

The highest rates of foreclosures depends on the county of the statistic. The city with one of the highest foreclosure rates in Idaho was Twin Falls with 1 in every 456 homes foreclosed, in May 2014. Other high rates of foreclosures include Camas County with 1 foreclosure for every 801 homes, Ada County with 1 in every 822 homes, and Payette County with 1 in every 1,491 homes.

Why move to Idaho?

Idaho’s Great Outdoors

Numerous Idaho pastimes include the great outdoors, getting out and enjoying nature. Whether for recreational or exercise purposes, you can find it in Idaho. One popular activity in nature is biking. With hundreds of trails of biking trails, including mountain biking trails and paved paths. Some trails include Trail of the Coeur d’ Alenes, Route of the Hiawatha, and Old Milwaukee Road.

Another pastime in Idaho is boating. With clear lakes such as Lucky Peak, Alpine lake, Black Canyon, and Lake Lowell. Some public parks while others simply for the eye, these lakes offer relaxation and peace in nature. Some activities to do on a lake open for recreation include water skiing, tubing, and wakeboarding. Some lakes, like Lucky Peak, have beaches so swimming is also a favorite. Some simply enjoy sitting on the beach and enjoy looking out at the water.

Other outdoor appeals include hiking, camping, rock climbing,  and fishing. In the winter, ski resorts, Bogus Basin for example, offer snow sports for those so inclined. Whatever you like to do outdoors, Idaho will have it for you.

http://www.buyboiserealestate.com/idx/
http://en.wikipedia.org/wiki/Foreclosure
http://www.mbaa.org/files/ResourceCenter/ForeclosureProcess/JudicialVersusNon-JudicialForeclosure.pdf
http://www.realtytrac.com/statsandtrends/foreclosuretrends/id
http://www.startpackingidaho.com/blog/idaho-foreclosure-rate-declines.html


Idaho MLSIDX 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 26th, 2017 at 8:07am MDT.