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

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808 Nancolas Court, Jerome $102,960

  • 3 Beds
  • 2.0 Baths
  • 1,104 SqFt
  • 0.20 Acres

Nice Home On A Cul-de-sac Is Now Under Auction Terms. All Offers Including Pre-auction Offers Must Be Submitted Via Website. Search Exactly 808-83338-hm-nlgh1b . Log-in, Register, And Find Instructions. Property Is Subject To A 5% Or $2500 Minimum Buyer's P...

Idaho MLS Spring Creek Realtors
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4205 W Plum St, Boise $159,900

  • 3 Beds
  • 1.0 Baths
  • 1,160 SqFt
  • 0.17 Acres

Single Level 3 Bedroom 1 Bath Located In Nw Boise! Good Size Living Room Complete With Pergo Floors. Kitchen Offers Plenty Of Cabinet Space, And Window Above Kitchen Sink. Bath Offers Dual Vanities. Large Back Yard!

Idaho MLS Re/max Executives
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2 Snowbird, Garden Valley $96,900

  • 3 Beds
  • 2.0 Baths
  • 1,352 SqFt
  • 0.87 Acres

Private Mountain Retreat In Beautiful Garden Valley. This Home Is On A Quiet Road With Large Lot. Sit On The Deck To Listen To The Nearby Creek And Enjoy The Wildlife. Home Has A Master Suite And Large Great Room. Bright Dining Room With Lots Of Natural Li...

Idaho MLS Coldwell Banker Tomlinson - Boise/capitol
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4818 Salmon Creek Dr, Buhl $264,900

  • 3 Beds
  • 2.5 Baths
  • 6,577 SqFt
  • 2.36 Acres

Home Features Wonderful Views & Living In The Natural Beauty Of The Snake River Region With Geothermal Water Available. All Living Is On The Main Floor Featuring A Large Great Room, Kitchen, And Living Room With Separate Dining, Large Master Bedroom & Bath....

Idaho MLS Spring Creek Realtors
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211 Tendoy St., Bellevue $362,500

  • 4 Beds
  • 2.5 Baths
  • 2,125 SqFt
  • 0.39 Acres

Four Bedroom Home Located A Few Min From The River At The N End Of Bellevue With Quick Access To H-way 75. The Interior Features Fresh Paint, New Appliances And Dining Area Chandelier. Some Hardwood Flooring, Granite, Tile And Great Fixtures. The Gas Log Fi...

Idaho MLS Coldwell Banker Canyonside Realty
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220 E Breaneu St., Hagerman $46,000

  • 2 Beds
  • 1.0 Baths
  • 1,126 SqFt
  • 0.40 Acres

This Is A Fantastic Corner Lot Property In Hagerman. Corner Lot In The Townsite Has Mature Trees And Is Partially Fenced. Home Needs A Bit Of Love. This Could Be Your New Weekend Getaway Or Year Round Home.

Idaho MLS Hallmark Idaho Properties
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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 April 27th, 2017 at 11:37am MDT.