Author: boiseidforeclosures

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Boise ID Foreclosures | June ’10

In June, there were 349 home sales in Boise. 38.7% were Boise ID foreclosures with 79 bank-owned sales & 56 short sales.  This is up from 26.4% a year ago but lower than December through April that ranged from 40-50%.

The Boise ID foreclosure market has a smaller influence of foreclosures than many other areas of the county.  The following two charts show the percentage of homes currently for sale that are short sales & percentage that are bank-owned in Ada County.

As you can see, the areas closest into Boise generally have a lower percentage of foreclosures.  N & NE Boise have less than half the foreclosures as compared to most other areas of the county.  S & SW Boise have some of the most short sale competition while the Boise Bench has one of the highest percentages of bank-owned properties.

Search Boise ID foreclosures by browsing the short sales or getting a list of bank-owned properties.

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Boise Foreclosure Market Ranks 32nd

The Boise foreclosure market (Treasure Valley) ranked 32nd among 200 metro areas looked at by Realtytrac.com.  2.2% of the areas housing market had a foreclosure filing.  Interestingly, the number of foreclosure sales in Boise has been actually decreasing.  In June 2009 they only accounted for 26% market share verses 38% in April.

Boise ID Foreclosure Sales

Short sales currently make up about 20% of the homes for sale in Ada County while bank-owned homes only account for about 4%.  If you’re looking for Boise foreclosures you can search the Boise short sales or request a list of Boise bank-owned real estate.

Disclaimer: Information not guaranteed.

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IHFA Buying Idaho Foreclosures

The Idaho Housing and Finance Association has a new program to buy Idaho Foreclosures, renovate, then resell them at cost.  The total budget is $13.5 million with largest share going to Ada & Canyon County ($10 million).  A study was done to determine where Idaho foreclosures had the most impact by zip code:

1. Nampa 83687

2. Caldwell 83605

3. Nampa 83686

4. Nampa 83651

5. Meridian 83642

6. Caldwell 83607

7. Twin Falls 83301

8. Boise 83709

9. Kuna 83634

10. Post Falls 83854

Source: Idaho Housing and Finance Association

Search for Boise Idaho Foreclosures here.

You can get the more information on this plan to buy Idaho Foreclosures here.

Information not guaranteed.

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Boise Foreclosures make it #27 in the Country

According to Realtytrac, the four states with the highest foreclosures are Nevada, Arizona, California, and Florida.  These states account for the top 26 cities for foreclosure rates.  The Boise Metro area makes the list at #27 with one foreclosure notice for every 85 households.  The top city, Las Vegas, has 1 foreclosure notice for every 22 households.

Search Boise short sale properties on this website or request a free list of bank-owned real estate.

Information not guaranteed.

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Boise Foreclosures in February ’09

The number of foreclosures in Boise Idaho continues to rise.  In February, Ada County registered 426 notices of default, up from 342 the preceding month. Canyon County also set record with 294 default notices filed (Data Source: Idaho Data Providers).

The notice of default is the formal start to the foreclosure process.  Under a deed of trust, homes can be auctioned off no sooner than 120 day’s after filing.

Search Boise short sales and request a list of Boise bank-foreclosures here.

Information not guaranteed.