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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 $300,000 - $400,000
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Photo of Listing #98716965

590 Quincy St, Twin Falls, ID - $80,000

Residential, Single Family
  • 1 Bed
  • 1 Bath
  • 896 SQFT
  • 2 DOM
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This Property Has Been Placed In An Upcoming Online Event. All Bids Should Be Submitted At Www.xome.com/auctions (void Where Prohibited). All Properties Are Subject To A 3% Buyer’s Premium, And Bidding Is Pursuant To The Xome Auction Participation...

Keller Williams Sun Valley Southern Idaho
Photo of Listing #98716988

305 N Fillmore St, Jerome, ID - $89,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,215 SQFT
  • 4 DOM
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Nice Brick Home On Corner Lot Near Most Amenities! Fully Fenced Yard With Plenty Of Room For A Garden! Inside Is 3 Bedrooms, 2 Baths, A Fireplace And A Garage That Had Been Converted To A Room But Could Be Finished More Completely, Or Removed And ...

Magic Valley Realty

9327 W Rustica Dr., Boise, ID - $209,900

Residential, Single Family
  • 4 Beds
  • Baths
  • 2,038 SQFT
  • 10 DOM
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Great Opportunity For An Investo With Lots Of Upside Potential. 4 Bed Home With A Larger Than Average Lot. This Home Is A Fixer And And Is A Cash Sale Only.

Authority Real Estate

5609 Lakewood Ave, Caldwell, ID - $199,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,266 SQFT
  • 11 DOM
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Just Renovated, Beautiful, Single Level, Move-in Ready Home On Large Corner Lot! Fresh Interior Paint, New Counter Tops, New Carpet, New Appliances & Plumbing Fixtures Make This A Fresh, New Feeling Home That You Will Just Love! Home Features A Sp...

Coldwell Banker Tomlinson -Nampa

104 Fairfield, Council, ID - $175,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 2,384 SQFT
  • 12 DOM
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Downtown Council Zoned Commercial With Large Shop/storage Building. Great Fixer Upper Older Home With Large Basement Area. Currently 3 Bedroom 1 Bath With Large Living Room On Main Level With The Potential Of 1-2 More Bedrooms And Extra Family Roo...

Century 21 Whitewater Clark

1952 Hwy 46, Gooding, ID - $44,900

Residential, Single Family w/ Acreage
  • 2 Beds
  • 1 Baths
  • 1,220 SQFT
  • 13 DOM
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This One Is Cash Only. Seller Will Not Complete Any Repairs To The Subject Property, Either Lender Or Buyer Requested. The Property Is Sold In As Is Condition. This Property Is Eligible Under The Freddie Mac First Look Initiative (owner Occupi...

Canyon Trail Realty, LLC

2856 Lora Ln, Burley, ID - $295,000

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 2,910 SQFT
  • 25 DOM
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Large Brick And Stucco Home In South East Burley, 3 Bedrooms, 2 Baths, 2 Large Family Rooms, Seprate Living Room, Covered Patio Fenced Back Yard.

River Bridge Realty
Photo of Listing #98714547

682 Ping Ct, Twin Falls, ID - $105,000

Residential, Mobile/Manu Owned Lot
  • 3 Beds
  • 2 Baths
  • 1,728 SQFT
  • 27 DOM
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Large Manufactured Home On Permanent Foundation. Over 1700 Sq Ft Of Living Space With 3 Beds, 2 Baths Plus A Huge Family Room. Large Deck Off The Rear Of Home, 2 Large Sheds For Storage And Fully Fenced Back Yard Make This A Great Home Very Close ...

Magic Valley Realty

913 N 37th St, Nampa, ID - $174,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 2,421 SQFT
  • 29 DOM
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Single-level Ranch, With Over 2400 Sf. On A ½ Acre Lot,close To Amenities & Freeway Access.also A 24x24 Detached Shop;can Be Turned Back Into Garage.large Living Room, Kitchen & Dining Area Give You Lots Of Room For Those Family Gatherings.there I...

Coldwell Banker Tomlinson -Nampa

1039 Alder Creek Rd, Garden Valley, ID - $314,900

Residential, Single Family w/ Acreage
  • 3 Beds
  • 3 Baths
  • 2,528 SQFT
  • 31 DOM
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Log Homes On 3.16 Acres With Private Setting Along Alder Creek Which Is A Year Round Creek. Large View Windows To See Wildlife And Waterfront. Private Bridge To Access Other Acreage Across Creek. Deck Upstairs Off Large Bonus Room And Bedroom. Fir...

Garden Valley Homes & Land
Photo of Listing #98714578

15983 Allendale Rd, Wilder, ID - $169,900

Residential, Single Family w/ Acreage
  • 2 Beds
  • 1 Baths
  • 1,210 SQFT
  • 39 DOM
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Rustic Charm With This Ranch-style, Board & Batten 1060 S.f. Home On 5 Acres; Along With A Separate 1660 S.f. Manufactured Home On A Foundation.this Parcel Is On The Corner Of Allendale Rd. & Hoskins Rd. Which Gives You Great Access For Farming Th...

Coldwell Banker Tomlinson -Nampa

1020 S Elder St, Nampa, ID - $81,900

Residential, Mobile/Manu Owned Lot
  • 3 Beds
  • 2 Baths
  • 1,152 SQFT
  • 55 DOM
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Close To Nnu. Three Bedrooms 2 Bath, 1152 Sq Ft., Large Detached Garage / Shop .

Coldwell Banker Tomlinson -Nampa

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

 

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 3:52pm MST.

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