Distressed Idaho Properties For Sale

Foreclosure, Short Sale, and Bank Owned Homes Near Boise, ID

View all homes for sale that are currently in foreclosure, bank owned, or short sale in Southwest Idaho from the Oregon/Idaho border to Twin Falls. A great strategy to purchase a home below market value in Idaho is to buy a foreclosure. A terrific deal on a house, land, or investment property in Idaho may be yours if you do your research. Short sales, auctions, and bank-owned foreclosures are the three main forms of sales that fall under the "distressed" classification. The term "foreclosure" typically refers to a property that the bank has repossessed because the owner was unable to make payments and the property did not sell at auction. They are also referred to as REOs, which stands for Real Estate Owned, or bank foreclosures. Foreclosures are frequently sold at steep discounts, especially if they have been on the market for a while, as the bank or lender wants to recoup as much of its investment as quickly as possible. A property is not always a deal just because it is owned by a bank. At times, purchasers engage in a bidding war that raises the price above its listing price. Research prior sales in the area to get a sense of how much it will cost to modify the property to meet your needs. Some REOs might be in fantastic condition, while others might require major repairs.