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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 $400,000 - $500,000
$500,000 - $600,000
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Photo of Listing #98744364

3050 Galey, Weiser, ID - $120,000

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,040 SQFT
  • 2 DOM
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Well Maintained Manufactured Home On A Foundation. 3 Bedroom, 2 Bath Single Level Home. Large Open Kitchen With Lots Of Cabinets. 1 Car Attached Garage. There Is An Additional Living Space With An Enclosed Porch. The Yard Is Maturely Landscaped, F...

Coldwell Banker-Classic Prop
Photo of Listing #98744037

113 Big Butte Road, Kamiah, ID - $217,900

Residential, Single Family w/ Acreage
  • 4 Beds
  • 2 Baths
  • 2,119 SQFT
  • 3 DOM
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Homepath Home! Nice 4 Bedroom Country Home On 15 Acres! Quiet Location Between Grangeville And Kamiah. Nice Acreage Has A Small Creek Running Through It And A Large Barn For Your Animals. Charming Home Has A Large Living Room With Vaulted Ceili...

Windermere Real Estate/All Star Realty
Photo of Listing #98743882

1350 Bristol, Moscow, ID - $225,000

Residential, Townhouse
  • 3 Beds
  • 3 Baths
  • 1,647 SQFT
  • 5 DOM
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Great Starter Home With Den/4th Bedroom On Mail Level,, Large Kitchen With Bar And Pantry With Stainless Appliances(new Dishwasher)

Heritage Realty

424 Filer Ave, Twin Falls, ID - $219,900

Residential, Single Family
  • 3 Beds
  • 3 Baths
  • 4,133 SQFT
  • 16 DOM
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Large Home With Room For Expansion In The Basement. 3 Bed, 2 Bath With Tons Of Custom Features. Large Master Bath With Soaker Tub And Shower. The Property Includes A 2 Bed, 1 Bath Rental Home And A Large Detached Garage Or Shop. Very Large Lot...

Keller Williams Sun Valley Southern Idaho

328 W Shiloh Drive, Lewiston, ID - $240,000

Residential, Single Family
  • 5 Beds
  • 3 Baths
  • 2,711 SQFT
  • 16 DOM
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Grab Your Tool Belt And Prepare To Build Some Equity In This Lewiston Home! Great Area Of Homes! Year Built: 1977 Bedrooms: 4+ Bathrooms: 2.75 Square Footage: 2,711 Assessed Value: $256,192.00 No Power, Water Off, Selling As Is, So Inspections ...

RE/MAX Rock-n-Roll Realty

12635 Trail Drive Ln, Melba, ID - $134,850

Residential, Mobile/Manu Owned Lot
  • 4 Beds
  • 2 Baths
  • 1,404 SQFT
  • 20 DOM
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Public: Auction Properties Are Sold As Is Without Any Guarantee Or Warranty By Seller. Property May Be Occupied. Please Do Not Trespass.

Price Real Estate, Inc.

2290 Shortcut Road, Nez Perce, ID - $69,900

Residential, Single Family
  • 2 Beds
  • 1 Baths
  • 1,144 SQFT
  • 30 DOM
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Here's That Hard To Find Affordable Home, With A Garage/shop, Just A Little Out Of Town! 2 Bedroom Home Is Located Just Outside Of The Small Rural Town Of Nezperce, Id. Peaceful .59 Acre Lot Is Surrounded By Farm Ground And Offers Just The Right...

Windermere Real Estate/All Star Realty

513 North Street, CottonWood, ID - $103,900

Residential, Single Family
  • 3 Beds
  • 1 Baths
  • 2,110 SQFT
  • 31 DOM
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3 Bedroom, 1 Bathroom Cottonwood Home With A Large Detached Shop / Garage! House Has Updated Vinyl Siding And A Metal Roof. Clean Interior Has A Nice Sized Kitchen With An Island And Plenty Of Countertop Space. 1 1/2 Home Has 2 Second Floor Bed...

Windermere Real Estate/All Star Realty

1430 N Willowick Ave, Eagle, ID - $504,000

Residential, Single Family
  • 5 Beds
  • Baths
  • 3,123 SQFT
  • 37 DOM
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Waterfront Home In The Legacy Subdivision. 5 Bd, 2.5 Ba. Custom Built Home That Still Feels Like Brand New. Vaulted Ceilings, Open Floor Plan. Custom Gourmet Kitchen With Granite, Large Island, Alder Cabinets, Roll Out Drawers And More. The Maste...

Coldwell Banker-Classic Prop
Photo of Listing #98739327

105 E Howard Street, Peck, ID - $59,900

Residential, Single Family
  • 2 Beds
  • 1 Baths
  • 1,044 SQFT
  • 46 DOM
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Homepath Home! Affordable 2 Bedroom, 1 Bathroom Home Located In The Quiet Riverside Community Of Peck, Id. Single Level Home Has A Bonus Room / Office In Addition To The 2 Bedrooms, And Nice Sized Covered Porch. Attached Garage Offers Covered P...

Windermere Real Estate/All Star Realty

126 E 400 S, Jerome, ID - $310,000

Residential, Single Family w/ Acreage
  • 3 Beds
  • 1 Baths
  • 1,634 SQFT
  • 58 DOM
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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.

Canyon Trail Realty, LLC
Photo of Listing #98737662

1510 Woodside Road, Winchester, ID - $187,900

Residential, Single Family w/ Acreage
  • 3 Beds
  • 3 Baths
  • 2,976 SQFT
  • 61 DOM
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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...

Windermere Real Estate/All Star Realty

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 September 15th, 2019 at 9:45pm MDT.

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