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

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.