FREE Expert Help for Home Buyers and Investors near Boise Idaho

Boise ID Foreclosures, short sales, REO foreclosed homes

Are you looking at real foreclosure opportunities?  

Search the internet for foreclosures and you'll see all kinds of "so-called" opportunities in the Boise Idaho area.  As a licensed real estate broker with 19 years experience in the Treasure Valley, I must tell you many are high-risk or not even real.  

Pre-foreclosures are predominantly used as bait to get website traffic. A public notice of default has been filed, as required in Idaho 120 days before the bank can foreclose. Many pre-foreclosure sites show homes with a "price" that has nothing to do with what you could buy it for. Even in this market, paying a few pennies on the dollar is not realistic.  I call pre-foreclosures "maybe-for-sale" homes because many owners will bring the payments current, work out a modification or attempt a short sale and list with a Realtor.  

Foreclosures-  Buying at the default/trustee sale requires cash on the spot with limited title guarantees, no opportunity to inspect and no compensation for your buyer's agent included.  This is high risk! Did you know that most homes are going back to the bank, because with prices down so far no investor will bid enough to meet the reserve and cover the first loan?

Live auctions- in the Boise area most often have an undisclosed minimum and require large non-refundable deposits with no guarantee the home will appraise or qualify for your financing.  For this reason, auctions are high-risk for most buyers.

Short sales- make up nearly 30% of all homes listed in the Boise area, but are full of uncertainty and delays for buyers.  Do you know the risks?

The REAL opportunities are in foreclosed REO homes.  I've been helping buyers and investors buy foreclosed homes at below-market prices with no delays and the full protection of inspection & financing contingencies and few worries about clear title.  See my blog to learn more about pre-foreclosures, foreclosures, short sales and foreclosed homes.   
  

RepoTV   See my videos of a few of the best bargains in foreclosed homes in the Boise Metro. 
 
3-10-10 I am tracking 579 REO homes in the Boise area. 
I use my website to keep you updated daily on all foreclosed homes in the Treasure Valley. I provide links to all REO properties behind my password. By checking for new listings and price reductions daily and analyzing values, I point you to the best foreclosure bargains for your next home or investment. Not only foreclosures, I will ensure you see all homes that meet your needs and price range and should you choose to consider a short sale, live auction, HUD Home, VA Repo or bank-owned home, I have the experience to protect you from risk and ensure you are making fully informed decisions.

Ask me how to get the password for 24-hour access to my lists of foreclosure bargains near Boise.

Your Window of Opportunity. 

Prices should be rising in the Boise area, by virtue of low overall supply and the lowest prices in 4-5 years.  What's holding prices down is the bubble of foreclosures.  Mortgage defaults and short sales are still climbing.  As of March 1st, nearly 30% of all homes listed in the Boise Metro area are short sales, which are priced for liquidation to avoid foreclosure.  Foreclosed(REO) homes, now at record levels, represent nearly 10% of all single family homes for sale in the Boise-Nampa Metro.   
 

REO = Real Estate Opportunity 

A foreclosed home is called REO (real estate owned) because lenders are in business to loan money, not own homes.  No institution is safe- from a local bank to a national lender, Fannie Mae, Freddie Mac, HUD or VA. All have high inventories of REO with more on the way and are looking to unload the homes quickly and as-is. This translates to substantial discounts for home buyers and investors.
 
Foreclosures come in all shapes and sizes.  The selection of foreclosures in the Boise area today includes dozens of new never-occupied homes, some lost by builders while under construction, cheap fixers, condos, townhouses, duplexes, homes with acreage, horse properties, view homes, golf course homes, waterfront homes, many luxury homes at a fraction of past values, even million dollar executive homes in exclusive subs. Condition may range from pristine to poor.   
 


I serve buyers in 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, Southwest Idaho.

   I welcome all questions!  (208) 866-3481