Dan Rowe Listing Details

Sept 7, 2010-- Now 87 HUD Homes for sale in Boise Idaho areas- many at huge discounts.

Asking prices on current inventory ranges from appraisal to 40% off. And HUD will take less! Homebuyers get first shot at new & reduced listings, but there are many open to investors.

See HUD homes- Use my free search (top of front page) to search all home listings that meet your criteria, including HUDs and other foreclosed homes- VA, Fannie Mae, Freddie Mac, Bank-owned.

Peace of Mind...
HUD Homes are as safe to buy as any other in the Boise area. HUD Homes are not only appraised in advance, but an inspection with photos is available online. Plus, you have 15 days from acceptance to activate utilities and hire your own inspector. Should you find major hidden defects, you may cancel the purchase. A foreclosure wipes out all junior liens, and you get a warranty deed for perpetual peace of mind on title.

HUD's Online Auction System.
HUD foreclosure homes are sold via online closed bids. This system has set bid periods, minimum prices and price reductions of 10% at a time. 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 you know a large percentage of bids submitted on HUD homes are below the minimum and rejected? After writing hundreds of HUD bids since 1991, I will not be learning at your expense.

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. A normal rate of foreclosure; around one percent, would mean $80 million per year in repossessed residential property sold by HUD.

HUD foreclosed homes can be any 1-4 unit residential property in the Boise area financed FHA up to approximately $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 previously financed FHA by an owner occupant.

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 the best bargains or all homes that meet your needs, including HUDs and other foreclosures.

NEW Clients/Password Holders- View my list of HUD Homes now!

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.

About HUD Foreclosed Homes- Boise Idaho Foreclosures