Many Foreclosure listings are also Short Sale listings;Â below you can find the Foreclosure listings that are not also Short Sales in:
- Boise, ID Foreclosure Listings
- Eagle, ID Foreclosure Listings
- Meridian, ID Foreclosure Listings
- Nampa, IDÂ Foreclosure Listings
Or anywhere else in the Treasure Valley, just contact me with specifics.
What is a Foreclosure?
A foreclosure happens when a bank (or other secured creditor) begins the process of repossessing a parcel of real property (like a house), after the home owner has failed to make payments on their mortgage.Â When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that “the lender has foreclosed its mortgage or lien”. In Boise Idaho, the standard method of foreclosure is known as non-judicial foreclosure, which means the lender does not need a court to begin the foreclosure process.
You can find out more about foreclosures in Boise, ID by reading my article, “What is a foreclosure?“.