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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 $500,000 - $600,000
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Photo of Listing #322201

817 E Main, Kendrick, ID - $44,500

Residential, Single Family
  • 1 Bed
  • 1 Bath
  • 900 SQFT
  • 4 DOM
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Small Town Living In North Central Idaho. Quite A Few Updates Have Been Completed And With Your Contribution, This Could Be A Great Situation For You. Sq Ft Is Approximate And Buyer Is To Verify. See Attachment For Pas Requirements And Wfhm Offer ...

Coldwell Banker Tomlinson

120 N 4th Avenue, Craigmont, ID - $144,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,450 SQFT
  • 8 DOM
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Homepath Home! Updated 3 Bedroom, 2 Bathroom Is Nicely Updated Throughout And Has A Huge 30' X 40' Shop! Single Level Home Has Fresh Interior Paint And Is Move In Ready. Home Offers A Split Floor Plan With The Master Bedroom & Master Bathroom Loca...

WINDERMERE ALL STAR REAL ESTATE

840 N 3rd E, Mountain Home, ID - $90,500

Residential, Single Family
  • 3 Beds
  • 1 Baths
  • 1,204 SQFT
  • 9 DOM
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Cute Little Bungalow With 3 Bedrooms And 1 Bathroom, Nice Sized Living Room With Fireplace. The Eat-in Kitchen Is Spacious And Overlooks The Fenced Back Yard. Located Conveniently Close To The Down Town. Property Is Sold As-is. Home Was Buil...

Assist-2-Sell Your Choice Realty

1782 Challis Dr, Mountain Home, ID - $126,900

Residential, Townhouse
  • 3 Beds
  • 2 Baths
  • 1,108 SQFT
  • 13 DOM
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Very Nice Remodel, All New Floors, New Fixtures, New Interior Paint. All New 2" Faux Wood Window Coverings. New Glass Top Electric Range. 2 Car Garage With Opener. Fenced In Back Yard With Large Storage Shed. Btva

ERA West Wind Boise

242 N 3rd Ave, Twin Falls, ID - $69,900

Residential, Single Family
  • 4 Beds
  • Baths
  • 1,392 SQFT
  • 17 DOM
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Being Sold As Is. Investment Property Located Near City Center In Twin Falls. It Is Walking Distance To Local Restaurants, Parks Plus Entertainment. Seller Makes No Warranty Of Property.

Canyon Trail Realty, LLC

2120 S Chipper Way, Eagle, ID - $524,900

Residential, Single Family
  • 3 Beds
  • Baths
  • 2,860 SQFT
  • 20 DOM
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Beautiful Home In The Banbury Meadows Golf Course Community!spacious Master Retreat On Main Level With Trey Ceiling,lots Of Windows,spa Tub,walk-in Shower & Custom Cabinets In Closet.move On To The Custom Chef Kitchen,walk-in Pantry,granite,5-burn...

Coldwell Banker Tomlinson -Nampa

442 E Galloway, Weiser, ID - $104,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,531 SQFT
  • 26 DOM
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Great Central Location! A Moments Walks From Weiser Middle School And The Hospital. Nice Quiet Neighborhood! Features A Kitchen And Kitchenette. Could Be Converted Into A Duplex.

Tri-Cities Real Estate

1205 Sunrise Rim Rd, Boise, ID - $214,900

Residential, Single Family
  • 3 Beds
  • 1 Baths
  • 1,218 SQFT
  • 27 DOM
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Great,single Level Home,located On A Wonderful Cul-de-sac On The Boise Bench! Nice Floor Plan With 3 Large Bedrooms,living Room & Kitchen Open To Dining Area Overlooking The Front Yard. Good Privacy With Only One Side Neighbor And Your Are At The ...

Coldwell Banker Tomlinson -Nampa

818 Bobwhite St., Fruitland, ID - $169,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 1,147 SQFT
  • 30 DOM
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Auction Property 3/13-3/15- Cozy Home With A Split Bedroom Floor Plan Located Towards The End Of A Cul-de-sac. This Single Level Home Has Vaulted Ceilings In The Living Room And Kitchen Area For A Nice Open Feel. Master Bedroom Has Large Closet An...

Black Diamond Homes and Land

150 Elm Street, Orofino, ID - $44,900

Residential, Single Family
  • 2 Beds
  • 1 Baths
  • 1,092 SQFT
  • 38 DOM
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Looking For An Affordable Home To Build A Little Sweat Equity In? 2 Bedroom, 1 Bathroom Orofino House Has A Lot Of Potential At An Affordable Price. Home Has Vaulted Ceilings In The Living Room And Offers Single Level Living. Home Is Located In To...

WINDERMERE ALL STAR REAL ESTATE

179 View Road, Kamiah, ID - $152,900

Residential, Single Family
  • 3 Beds
  • 2 Baths
  • 2,346 SQFT
  • 45 DOM
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Hud Home! Tastefully Remodeled 3 Bedroom, 2 Bathroom Home! Located On The Edge Of Town In The Valley View Subdivision This Home Offers A Serene Location. Remodeled Kitchen Boasts Granite Countertops, Recessed Lighting, And Hickory Countertops. Kit...

WINDERMERE ALL STAR REAL ESTATE
Photo of Listing #98717526

1325 N 1250 E, Richfield, ID - $76,500

Residential, Single Family w/ Acreage
  • 3 Beds
  • 1 Baths
  • 2,080 SQFT
  • 57 DOM
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Good Home On Large Corner Acreage Way Out In The Country North Of Richfield. 1.28 Acres, Room For Horses, Chickens, Dogs And A Family! 2 Bedrooms And A Bath Upstairs, With A 1/2 Bath Ready To Be Finished And A Full Downstairs That Could Easily Be ...

Magic Valley 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 March 21st, 2019 at 3:37pm MDT.

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