Are there really foreclosure opportunities in the Boise area?

(0) | asked by: Kathi Schaffeld | share | 1 week ago | Report
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answer by Dan Rowe ABR CRS GRI    |   Visit My Website   |   Contact Me
I've been tracking foreclosures for years and last Friday there were only 9 foreclosed homes available in Ada/Canyon counties. This is nearly the fewest since 2007 and many years before that. We haven't even had a HUD Home in 12 weeks. A bargain is hard to find in this tight market. All government & bank foreclosed homes are listed in the MLS. Don't pay for lists or waste your time on "pre-foreclosures" that may not even be for sale. Good luck.
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Carmel Crock
answer by Carmel Crock    |   Contact Me
There are foreclosure properties however, they are more scarce these days, less tha .05% of our market. Compare that to when I trained 10 yrs ago to become a ShortSale Foreclosure Resource, SFR when they dominates our local market. I work with my clients to analyze, how to bid, and provide current distressed market info.. Real info not teaser stuff onZillow. What's your comfort level? How much cash do you have available? How quickly can you move to bid? These are all discussions my clients and I have before we begin, so there's confidence between us that it's a doable project. Give me a call or text.. Let's see if we're a good fit...and then get you a winning bid on a foreclosure property.
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answer by Rich Nesbit    |   Visit My Website   |   Contact Me
Yes there are. Not as many as there used to be. What opportunity are you looking for?
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answer by Julie Cendejas    |   Contact Me
Very few currently - they are typically listed on the MLS if so - sometimes auction sites. Luckily our market is currently very good with low inventory.
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answer by Jim Paulson    |   Visit My Website   |   Contact Me
Yes there are and there always will be. They just not as prevalent as they were a few years ago since property values are increasing again. However, unfortunately, people will still loose their jobs, get divorced, die, etc., so they may not be able to make their mortgage resulting in foreclosures. Beware of all the "pre-foreclosure" scams out there since that typically get triggered very early on in the process (first late payment sometimes) so they consume a lot of time on many properties that never go to foreclosure. Most banks and mortgage companies end up listing their foreclosures through a real estate broker/agent. I just checked out Multiple Listing Service and found 37 active listings of bank/mortgage company owned properties for sale. There are another 27 that have accepted offers waiting to close. There are also another 29 listed as potential Short Sales (pre-foreclosure listings). Hope this helps!
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answer by Kathryn Porter    |   Visit My Website   |   Contact Me
The real estate market in Boise (Ada County) has continued to be a strong seller's market in most price ranges up to $500K. There are a limited number of foreclosures but they do still exist.
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