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Boise Foreclosures & Short Sales - Idaho

Boise Foreclosures: Boise Short Sale PropertiesBuying Boise, ID foreclosures presents an excellent opportunity for first-time homebuyers, real estate investors, retirees looking for a vacation home, or anyone looking for a second home.

The supply of foreclosures in Boise is generally plentiful, as is the availability in the surrounding area around the Treasure Valley.

Additionally, prices are often lower for foreclosures, making them an exceptional investment opportunity—especially when Boise short sales and bank-owned properties are typically priced to sell below market value.

    Looking for Specific Boise, ID Real Estate Property Types?

Take a look at our current Boise foreclosure & short sale listings or read more about great deals below.

Foreclosures and Short Sales in Boise and Area

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $700,000 - $800,000
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mike brown groupContact us online and one of the qualified REALTORS® at The Mike Brown Group will get in touch with you. We encourage you to introduce yourself to us for free valuable insight and information on buying or selling Boise foreclosures and short sales real estate. Our goal is to help you get the most out of your Boise search by providing personalized customer service and unmatched professionalism that you won't find anywhere else. You can also call us at 208.472.5353—we look forward to helping you!


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Foreclosures & Short Sales

Getting the best bang for your buck on foreclosures in Boise can take a bit of know-how, so being able to figure out the differences between the various types of Boise foreclosures, short sales, and bank-owned properties will help any potential homebuyers immensely.

Pre-foreclosure Sales

Pre-foreclosure sales happen when a homeowner defaults on their mortgage, but a formal foreclosure has not yet been filed with their bank or mortgage lender. Buying this type of Boise foreclosure will allow you to deal directly with the homeowner and the homeowner’s mortgage lender and/or bank.

Short sales are almost the same, however with Boise short sales, the bank agrees to a mortgage payout that is often less than what is owed on the property by the current owner. Banks or mortgage lenders would rather take a hit on the remainder of the previous homeowner's mortgage if it means that you, the new homeowner, are able to make payments for the foreseeable future.

Real Estate Owned Property (REO)

REO is the result of a homeowner having vacated their home, forcing the bank to reclaim the property. REO properties can usually be purchased below market value, although not always significantly lower. Whether you're purchasing an REO property or a regular sale, a fixer-upper is still a fixer-upper, and the price will reflect the state of the home on offer. Every once in a while however, the bank or mortgage lender is highly motivated to sell a Boise foreclosure and will be much more receptive to tabling lower offers or give you a deal on mortgage financing.

Auctions

Auctions take place when foreclosures in Boise, ID are auctioned off without any homeowner input or negotiations, and any liens against the Boise property are wiped clean. The main issue with this type of Boise foreclosure is that a pre-sale inspection is not allowed, the home is sold as-is, and the sale usually requires cash up front. In addition, the new homeowner may need to evict the current occupant.

Contact us and a qualified REALTOR® at The Mike Brown Group will get in touch with you about foreclosures and short sales near Boise, ID where you'll find some of the best housing options in the Boise-Nampa Metropolitan area!

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Visit our Idaho real estate directory to easily navigate the communities & subdivisions found in the Boise-Nampa Metropolitan Area market. We have thousands of listings over hundreds of pages, so take your time until you find the right home, in the right subdivision, in the right city! treasure valley real estate

boise relocation guide New to the area? The Mike Brown Group has put together a handy, informative relocation guide for those moving to Boise or to one of the great surrounding communities in the Treasure Valley. It's a great resource for those just settling into southwest Idaho and all that it has to offer—even longtime residents!

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 22nd, 2017 at 10:22pm MDT.