Foreclosure process in Idaho (ID)

Most foreclosures are conducted in Idaho, through non-judicial proceedings. The foreclosure process usually takes 5 months.

In Idaho, the foreclosure process begins when the lender sends a notice of default in the mail to the borrower. A notice will be sent to all that request it as well. The borrower has around 115 days to resolve the default, by paying the whole amount to the lender and stopping the foreclosure process. About 120 days before the sale a notice is sent to the borrower. The borrowers name, the lender and the trustee, besides a description of the property, are all included on the notice. Other information included on the notice include; amount owed, date and time and location of the sale. For four weeks, the sale date is published, once a week, in a newspaper, and final publication needs to be at least 30 days before. The trustee may postpone the auction anywhere up to 30 days from the original auction date. The trustee gives full ownership to the highest bidder after receiving full payment.

They can legally posses the property after 10 days from the sale date. Non judicial Idaho foreclosure sales do not provide for redemption rights.

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