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.
Nice Large 3 Bedroom 2.5 Bath Home In A Quiet Little Town! Separate Formal Dining Room, Large Living And Dining Area, Breakfast Bar, Large Master Suite. All Bedrooms Are Upstairs, Along With A Master Bathroom And And Separate Bathroom. Nice Landsc...
Hard To Find House And Acreage, No Subdivision Rules, Room For Animals, Irrigation Water Included. Do Some Minor Fixing Up On This House, And You're Set. Between Twin Falls And Jerome, Easy Access To Interstate.
Homepath Home! 3 Bedroom, 2.5 Bathroom Home Sits On 9.415 Acres And Offers A Full Basement And Could Have A 4th Bedroom With An Egress Window. Property Has A Few Outbuildings Including An Old Barn. Property Was Setup For Animals And Offers A Gr...
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Here's An Older Double Wide Mfh That Has Had Two Additions Added To It In The Past. Needs A Lot Of Tlc At This Time, Seller Can't Not Warrant That Anything Works Including Water & Septic, So Sellers Are Selling It "as Is". Has 3 Bedrooms, 2 Baths ...
Excellent Rental Property With Sicha Tenant In Place Paying $900/mo - This Is Guaranteed Rent Through The Sicha Program Thru 01-31-20. Cute And Cozy 3 Bed / 2 Ba With Several Outbuildings (previous Tenants Have Used Them As Additional Living Spac...
This Ranch Home With 2 Bedrooms, 2 Baths And About 1009 Square Feet Of Living Space Is Waiting For New Owner. Property Is Lender Owned, Is Being Sold As-is, And Seller Makes No Warranties Or Representations. Submit Your Bid Today!
Large Brick Home In Well Established Neighborhood! Nice Big Lot, Huge Covered Deck, Separate Living Room, Large Family Room! This Home Flows So Well And Contains So Much Square Footage! With Your Imagination And Just A Little Work, This Could Be Y...
Wonderful,single Level Rancher;located In A Fabulous Area & Close To Town Amenities.brand New Architectural Roof Was Just Put On,along With New Interior Paint,new Carpet,vinyl Flooring & Updated Vinyl Windows. Home Is Fresh & Move-in Ready With 3 ...
Move In Ready Home, With 2 Bedrooms And 2 Bathrooms, Split Design. Kitchen Is Spacious And Has Plenty Of Storage. The Master Suite Has A Large Walk In Closet. Several Built Ins Through Out The Home. All Appliances Are Included. Buyer To Verify Sch...
Auction Property! This Property Is Subject To A 5% Buyer's Premium Pursuant To The Auction Terms And Conditions (minimums May Apply). Please Contact The Listing Agent For Commission And Details. This Is A Reserve Auction And All Offers Are Subjec...
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.
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.
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 11:15am MDT.