Are there really foreclosure opportunities in the Boise area?

(0) | asked by: Kathi Schaffeld | share | 2 hours ago | Report
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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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