See my videos of Boise Idaho area HUD foreclosures on RepoTV.

 

Peace of Mind...
HUD foreclosures are as safe to buy as any other home in the Boise area. HUD Homes are not only appraised in advance, but an inspection with photos is available online for each HUD home for sale. Plus, you have 15 days from acceptance to activate utilities and hire your own inspector. And you get a warranty deed for peace of mind on title. 

Special Offers- Buy HUDs with $100 Down
For a limited time on select HUD homes, only $100 down payment (normally 3.5%) is required for FHA home buyers. Also for a limited time, HUD is offering a $1000 bonus at closing for full price offers.  Plus, we can write the bid so HUD pays virtually all of your closing costs, making it possible for you to buy a HUD foreclosure for less than your next month's rent out of pocket!  HUD does not provide financing for these foreclosures, but there are plenty of HUD approved local lenders- see my Preferred Partners- bottom of my front page.  Investors will need 20-25% down to get financing in today's market. 

 

HUD's Online Auction System. 
HUD foreclosure homes are sold via online closed bids. This system has set bidding periods and minimum prices and regular price reductions. New listings and price reductions on HUD foreclosed homes are published every Friday.  Only home buyers can bid for the first 10 days on all new or reduced listings.  After the 10-day owner occupant period, bids go daily and investors are welcome with less than an18-hour window for competing offers! 

 

Choose Your Agent Carefully... 
Buyers must use a licensed and registered real estate broker/agent, hopefully a Realtor working under a code of ethics. Your agent will verify funds or loan prequalification, prepare the purchase forms, hold the earnest money, enter the bid online and assist you in completing the transaction.  And like any other home listed by Realtors, the seller will pay for a buyer's agent to represent you. Did I mention I've been selling HUD homes since 1991?  Did you know nearly half of all bids submitted on HUD homes are below the minimum and have no chance of winning?  After writing hundreds of HUD bids, I will not be learning at your expense.

 

Where do HUDs come from? 

HUD homes come from foreclosures on FHA insured loans. After the lender repossession on FHA loans, the lender's claim is paid and the foreclosed property is deeded to HUD, which acts as a holding arm of the government.  FHA now insures around $8 Billion in loans in the Boise area.  At a normal rate of foreclosure; around one percent, would mean $80 million per year in repossessed residential property sold by HUD. 

 

What are HUD homes? 

HUD foreclosed homes can be any 1-4 unit residential property in the Boise area financed FHA up to about $300k including homes, homes with acreage, condos, townhouses and manufactured homes on land. While rare, multi-family or income properties; duplexes, triplexes and four-plexes can also be HUD homes, if purchased originally by an owner occupant.

Do You Qualify to Buy HUDs? 

There are no income limits or special qualifications to buy HUD homes in the Boise area. Any homebuyer or investor with a social security number or EIN who can secure financing or pay cash can bid on HUD foreclosure homes. 

 

 

Ask me for e-mail listings of all homes that meet your needs, including HUDs and other foreclosures.    
 

Password Holders- see my more complete and user friendly than HUD's list of current inventory, updated every weekday morning.  View the HUD Homes now!

 

Dan Rowe ABR CRS GRI, Broker

 

(208) 866-3481   danrowe@cableone.net 

 

Boise Idaho real estate broker, Repoman-Dan Rowe, has been representing buyers and investors for 19 years on foreclosed homes owned by HUD, VA and REO property owned by various banks and lenders.  Repoman serves the following areas: Boise, Meridian, Eagle, Star, Kuna, Nampa, Caldwell, Middleton, Mountain Home, Idaho City, Horseshoe Bend, Emmett, New Plymouth, Fruitland, Payette, Weiser, Homedale, Greenleaf, Marsing, Melba, Bowmont, Ada County, Canyon County, Gem County, Treasure Valley and Southwest Idaho.