Star Idaho Foreclosure Properties

Buying a Star Idaho foreclosure property can be an outstanding investment.  With its small town feel and pleasant atmosphere, Star has grown to over 5500 residents. Buying Star Idaho Foreclosures.

Star Idaho Foreclosure Homes for Sale

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Star ID Foreclosures and Short Sale Properties 

Star Idaho offers a wide range of housing options, from affordable homes in newer subdivisions to luxury homes on view acreages.  Star is within 16 miles of downtown Boise, and close proximity to the best of the outdoor recreation the area is known for, including the mountains and rivers.  As the number of foreclosures has risen in Idaho, the number has also increased in Star, with over half of all area sales in the ‘distressed’ category.  This distressed category includes short sales (pre-foreclosure), bank and government owned repossessed homes (post-foreclosure) and auction sales. 

When a homeowner can no longer make payments and the property did not sell at auction, the bank will take back the property.  These properties, known as bank foreclosures or Real Estate Owned (REO’s), are listed in the Multiple Listing Service for widest exposure.  Banks are motivated to get these properties sold quickly and off the books so they are often times priced below market value.  Homebuyers and investors should do their homework prior to writing offers to make sure the neighborhood’s recent solds can support the price and any repairs that are necessary.  The buyer should make the offer contingent upon their approval of the home inspection.  Although the banks typically do not want to do any repairs and invest additional money into the foreclosed home, buyers can cancel if the repairs are too extensive.  Buyers are able to secure financing by obtaining a new loan and have the peace of mind of clear title when purchasing a bank foreclosure property.  Most can close within the customary time frame of 30-45 days.

There are abundant opportunities to take advantage of the wide range of foreclosure properties available in Star.  Whether you are an investor wanting to purchase property, rehab it and then sell it at a profit or if you are looking for a small town with outdoor activities and a friendly atmosphere to settle down in, you can find it in Star, Idaho. You may also want to consider Star Idaho short sale properties for sale. 

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.