The number of default filings in the greater Boise Idaho area has been at record levels the last few months. The Idaho Business Review recently reported that "Default filings totaled 575 in October in Ada and Canyon counties combined, IdahoDataProviders.com reported. The 22.6 percent increase from September's 460 filings marked the highest month-to-month gain ever recorded in the Treasure Valley, the company said, and compared to the previous single-month record of 483 in August of this year." Now, all of these properties will not end up being Bank Owned, but many of them will. This presents a huge opportunity for investors and home buyers alike to buy homes at great prices!
To assist buyers find these properties, I have posted an Ada County Bank Owned/Foreclosure list on the Idaho Bank Owned/Foreclosures page of my website! Check back often as I post updated Idaho Bank Owned lists frequently. And did I mention that this list is FREE!!!
Buying Idaho foreclosure homes can be a little different than your typical real estate transaction. To learn more about the Foreclosure and Short Sale process in Idaho, please visit my blog for helpful articles.
Pam Pugmire
Bridgetower Real Estate
208-921-4800
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Whether buying or selling property in Meridian, Boise, Eagle, or Nampa, you can count on me to help you have a stressfree transaction. Give me a call; put me to work for you! You'll be glad you did!
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Hi Pam, we had the exact similar story in our newspaper today about the record number of foreclosures. Until that tops out it is hard to say we have hit a bottom in the real estate market. Hope things improve soon in Ada County.
Pam - this is happenning in most parts of the country. We have been holding steady in this area.
Gary, It is sad to see this happening in so many places. I wish you all the best in your market as well.
Mike, I'm glad to hear that your area is stablized. Thanks for stopping by.
Pam, Hey stranger! Love that idea of having a Foreclosure section on your web site. That should get a great deal of traffic. Best of luck with it!
Pam - I checked out your website and i really like the way you have the foreclosure page setup. Does your MLS separate bank-owned properties in any way or do you just have to monitor it to develop your list?
Hi Elizabeth~It has been bringing a lot of traffic to my site. Thanks for visiting.
Erik~The MLS doesn't separate the Bank Owned Properties, so I just have to sift through the listings to find them. It's a very time consuming task.
Pam - I was afraid you were going to say that. Ours is the same way. I hope that potential buyers recognize the time and commitment that you have vested in this. Your ability to identify Meridian Idaho foreclosures certainly indicates a high level of market knowledge and expertise.
Erik~Good luck with yours. It has been time consuming, but I have been working with many people because of it.