Idaho

Below are some key areas to consider when purchasing a new home. When having a home inspected make sure it is done by a professional and pay extra attention to the following areas:

· Fireplace/Chimney and Flue. Be sure all are safe, working, and clean.

· Furnace and Air Conditioner. How old are they? Run them and have them inspected to make sure they are operating properly. Have they been routinely serviced?

· Windows and Doors. Do all window and doors close properly and tightly? Do the doors hang at the right angle or do some sag?

· Plumbing. Are the faucets and drains working properly? Check for leaks under sinks and garage or anywhere pipes are.

· Electrical. Have all circuits and outlets checked.

· Roof. How old is the roof? Does it need any repairs? Look at the home's ceiling for signs of water leakage.

• Foundation. Check for cracks in the foundation, this may indicate a foundation shift or leakage into the basement. Is there termite or pest damage?

Chances are there will be things that need to be addressed, some may need to be fixed before buying the Idaho home while other items may be put off until later.

I just changed my profile photo to one of me working the Democratic booth at Malheur County's fair. This is actual proof that a realtor is a Democrat! One of the things our clients expect is that we are informed on the local issues that we'll all be voting on in November along with the big national votes. I applaud the realtors who serve on local planning and zoning commissions. I think I'll name names so our local ones get the credit they deserve. These are present and recent past realtors serving in our area on the border of Idaho and Oregon. In Oregon, Larry Wilson, Coldwell Banker Malheur Realty, Tom Phillips, Tom Phillips Realty. In Idaho, Brent King Remax Tri-Cities, Vickie Cox Premier Group, Barb Hutchinson Premier Group. Let's all remember to mention to our clients to remember to vote. This is especially easy in Oregon where the voters enacted VOTE BY MAIL. All elections are mail in (or drop off) so we'll start voting very soon now!

If you live or own a property in Idaho and are facing foreclosure, please see below for the step-by-step process.

When you develop a definite plan of action with well-timed, well-informed steps, you can stop the foreclosure process and save your home. We have outlined the foreclosure process for the state of Idaho.

Preferred Method of Foreclosure: Non-judicial

Idaho permits non-judicial foreclosure through a owner of sale clause in a deed of trust. If the borrower goes into default, the property may be sold by giving the borrower the proper notice.

Preliminary Notice

Contents

The foreclosure notice must describe the nature of the default and the lender’s election to sell. The notice must set the date, time, place and basis for the sale.

Recording

The notice must be recorded.

Mailing

The notice must be sent to anyone who requests a copy. The borrower must be given a copy at least 120 days in advance of the sale. Lessees or occupants must also be given the same notice as the borrower.

Publication

The notice must be published in the newspapers in the county where the property is located at least once a week for four consecutive weeks. The final ad must be run not less that 30 days in advance of the foreclosure. The published notice must contact a legal description of the property, its street address and the name and phone number of someone who can give directions.

Cure by Borrower or Other Purchasers

Within 15 days of the date of recording of the notice of default, a junior lien holder or the borrower can pay the amount due on the loan and a trustee’s fee if the default is cured prior to the first newspaper publication of the sale.

Sale Procedures

The foreclosure sale must take place at the time called for in the notice, unless the sale is postponed. The sale can be postponed by the lender to a new time and place, but not later than 30 days after the original date. Multiple postponements are possible. The proceeds of the sale must go first to the lender, then to any interior recorded lien holders, then to the borrower.

Deficiency

The lender can sue the borrower in a separate lawsuit for a deficiency within three months following the sale for whatever sum remains unpaid on the mortgage, provided the balance exceeds the fair market value (or such reasonable value as the court finds) of the property at the time of the foreclosure.

Redemption

The real estate may be redeemed by the borrower up to one year after the sale if more than 20 acres are involved, or six months for land parcels of less than 20 acres.

Callie Thompson

Infinity Funding Group

407-860-1993

How to Avoid Loan Modification / Loss Mitigation Scams

Infinity Mitigation Services FAQ's

Investors Facing Foreclosure

Why won't my lender won't work with me?

www.KeepYourProperty.info

For $100 you can buy a 1 in 5000 chance to win a new home in this year's North Idaho College Foundation's Really Big Raffle! Order early, these tickets sell out! The drawing will take place July 8, 2009.

All proceeds from the Really BIG Raffle stay at North Idaho College. Last year, with the help of our community supporters, the foundation was able to raise over $190,000 through the Really BIG Raffle fundraiser. Proceeds are used for a wide variety of needs, including funding scholarships for students in need, upgrading technology equipment on campus, and capital improvements.

Each year the foundation commits $50,000 of the Really BIG Raffle revenue to the NIC faculty and staff grant program. Through this process, instructors and staff submit their most needed requests for their area of expertise. A review board then looks over the grant submissions and selects the requests that they feel would be the most beneficial to the students and college as a whole.

Click this link for information on the raffle or to purchasing a raffle ticket -

NIC Charitable Foundation and Really Big Raffle

Even the consolation prizes are spectacular:

1st - $20,000 Prize of Choice
2nd - $10,000 Prize of Choice
3rd - $3,500 Prize of Choice
4th- $2,000 Prize of Choice

Early Bird Prizes (purchase by 5/31/09)
$500 Costco Cash Card
$250 Fuel Gift Card

Here's a description of the 2008-2009 Really Big Raffle House at 1909 Teanaway Drive, Post Falls:

This beautiful rancher incorporates functionality and flair throughout. The interior design feel of this home will be a contemporary lodge style. Main level has 1,903 finished square feet with three bedrooms and two baths. Set on a full unfinished basement, there is room to add two more bedrooms, a bath and a huge media room. Total square footage of this home is 3,455.

• Open kitchen/living area
• Formal dining room with skylight
• Breakfast nook
• Media niche in living room with dual sided fireplace
• Silestone kitchen counter tops
• Built-in wine cabinet/serving station and desk
• Master bedroom suite with french doors to patio
• Master bath features dual sinks and tiled shower
• Recessed lighting
• Utility room with sink
• Large covered patio
• 3 car garage
• Full landscaping and sprinkler system
• Corner .21 acre lot

This home is located in Greenstone's Montrose neighborhood near the intersection of Chase and Poleline in Post Falls, Idaho. The neighborhood features tree lined streets, walking paths and neigborhood parks. The home is within walking distance to the brand new Westridge Elementary School.