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    What is a Foreclosure or REO?

    Boise Idaho Foreclosures | What is an REO?Foreclosed property is also referred to as bank-owned or real estate owned (REO) property. When an owner stops making their mortgage payments, they default on their loan and the bank begins the foreclosure process in order to take back possession of the home. Once the process is complete and the bank has possession,it becomes "bank-owned" property. The bank then sells the property to recover the amount of the defaulted loan, or as much of the loan as they can get. Because foreclosed homes are typically priced below market value, a bank-owned property can be great buy. However, there are some issues with buying these types of houses that can make the cost less attractive. As a buyer, you should know that the timeline for closing can be slightly longer than a conventional purchase and that the home is usually being sold “as-is.” This means that if you identify a concern during the inspection, the bank will often not fix it.

    It is important to note that a foreclosed home is different then an home that is "in foreclosure". A home that is in foreclosure is still owned by the owner and the owner still has a period of time to bring their payments current and avoid losing their home. Many people that are "in foreclosure" choose to try and short sale their house in order to avoid some of the more severe ramifications of a foreclosure.

    See information on the differences between a short sale and a foreclosure HERE!

    Search Available Foreclosure Properties

    Click on the buttons below to search all available bank owned foreclosure listings in Boise, Meridian, Eagle, and Nampa.  

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    Newest Boise Foreclosure Listings

    4557 N Cloverdale Rd, Boise image
    4557 N Cloverdale Rd, Boise $336,000

    Opportunity to build you dream home in highly desirable West Boise Neighborhood. Home has been gutted and is a blank canvas ready for you to make it your own. Address has...

    • 3 Beds
    • 2 Baths
    • 2,217 SqFt.
    • 0.22 Acres
    • 98784781 MLS


    Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.

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    "We couldn't be more impressed by the dedicated, professional, custom-tailored services we received from TripleCord Real Estate when we decided it was time to sell our home and buy a new home." ~The Stichkas  

    Read more testimonials HERE!

    Boise Communities

    • About Boise
    • 0550 - SW Boise
    • 0100 - North Boise
    • 0600 - West Boise
    • 0200 - NE Boise
    • 0650 - W Boise-Mer
    • 0300 - SE Boise
    • 0700 - Garden City
    • 0400 - Boise Bench
    • 0800 - NW Boise
    • 0500 - South Boise

    Meridian Communities

    • About Meridian
    • 1020 - NE Meridian
    • 1000 - SE Meridian
    • 1030 - NW Meridian
    • 1010 - SW Meridian

    Other Local Communities

    • Eagle
    • Nampa
    • Star
    • Caldwell
    • Kuna
    • East Boise County
    • Middleton

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    3635 S Weathered Ave.
    Boise, ID  83706
    P: 208-861-5639   
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