Middleton Idaho Foreclosure Properties

The Middleton real estate market presents some great opportunities to purchase foreclosure properties.  This small, rural town of approximately 4000 residents is approximately 25 miles from the capital city of Boise but offers some incredible values from smaller subdivisions to acreages to view property. Buying Middleton Idaho Foreclosures.

Middleton Foreclosure Homes for Sale

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Middleton ID Foreclosures and Short Sale Properties 

Middleton is experiencing a number of distressed sales including pre-foreclosure short sales, bank repossessed homes that have gone through the foreclosure process, or government owned foreclosed homes.  Last year, over 65% of all home sales in Middleton were distressed and this has caused the continuation of the decline in median prices.  These bank owned properties, also referred to as Real Estate Owned (REO), are usually priced below market value.  Banks typically are motivated to sell the property quickly and therefore price them aggressively.  

Buying a foreclosure property in Middleton is relatively straightforward.  Most of the bank foreclosures are listed in the Multiple Listing Service.  The process is similar to a traditional purchase in that can be subject to the buyer’s approval of a home inspection, title will be clear of any liens and the buyer is able to get a new loan on the property.  Typically, the bank will not want to do any additional repairs and want to sell them ‘as is’ but it does allow for the buyer to cancel if the damage is too extensive or expensive to repair.  There really is a wide range of homes available; some may need quite a bit of rehabbing and others that are in like new condition.  It is important the buyer studies the neighborhood’s comparable sales to insure they are getting a good value.  Sometimes there are bidding wars with buyers and the end result may not be a bargain.  If the home has been on the market for a while, you normally see drastic price reductions to get the home sold.  In most cases, the banks are able to close within the standard 30-45 day window. 

If you are looking for a smaller town outside of Boise with rural character, close to the river, hiking trails and mountains at a great price, then purchasing a foreclosure property in Middleton may be for you.  Buying a bank foreclosure process can be a tremendous opportunity to purchase a home to call your own or investment property below market value.  It just takes a little bit of research before putting in the offer to ensure you making a good decision and the benefits will be yours to enjoy! 

You may also want to consider Idaho short sale properties. 

View information and real estate listings in other Idaho communities. 

Contact The Hughes Real Estate Group for more information or to view Idaho homes: (208) 571-7145.