Keller Williams Realty Boise
Personally, I haven't heard of anyone being sought after for Deficiency Judgment although I bet some have.
The real question is whether or not the lender feels as though they can get a judgment that is significantly higher than the actual costs of judicial foreclosure.
There are currently 254 Homes for sale in Kuna, 25 have gone pending in the last 30 days, and 191 sold in the last 6 months. There's about 8 months worth of inventory in Kuna.
There are currently 1323 Homes for sale in Nampa, 63 have gone pending in the last 30 days, and 633 sold in the last 6 months. There's over 12 months worth of inventory in Nampa.
Bottom line there's a lot of competition out there. Pricing the homes correctly before losing them to foreclosure will be critical. I put together a website for distressed home owners that you might find informative about foreclosure and shortsales in Idaho. You can visit it at http://www.hopeforidaho.com.
Depending on where you're at in the process will determine just how much time you have to act. Sooner is always better than later. Also keep in mind that the statistics I gave you are very general. Your specific properties and their locations will help to narrow down the results and get a more conclusive veiw.
That means a lot of competition out there. Pricing it right to generate and offer before fo
Can someome elaborate on the current sales climate for houses in kuna and nampa if I even put these things on the market could I get a sale? Looks llike things are not moving at all from what I can tell on realtor.com.
Most of the previous answers are correct. It does depend on what state you live in. In a short sale situation I see it becoming increasing common for the bank to issue an unsecured note for the difference in order for them to approve the sale. This can be negotiated if you can prove that you don't have the ability to pay.