Boise Exclusive Buyer Agents! Boise Real Estate! Boise Homes for sale! Find Boise Realtors®
The Best Boise Idaho area MLS online!
Buy foreclosures, short sales and for sale by owner homes. SAFELY!
Buy Distressed Property!
I have closed more than 100 Boise are short closings that we have negotiated. Most short sales fail to close. Most Realtors have never closed a short sale. Do NOT call a listing agent. Call me. 208-870-2115. I will help you close on any short sale. If you are a Realtor and need help closing short sales call me. If you are an investor we either have one for you or can find a successful short sale closing agent.
Here is web tool for looking for pre foreclosure, foreclosure, potential short sale property, and for sale by owner property. But please read the rest of this first. As I am writing this I am listening to a CNBC report on how not only homeowners, but developers are starting to be foreclosed on. This means big money is at stake. There may still be a big drop in value of property. If developers get foreclosed on other smarter, bigger, rich developers will by and lot prices will drop. That will cause home prices to drop further.
Here is the link. But please don't quit reading! You can do a trial and if you like it pay for a subscription. Some of the pre foreclosure property is listed. Some is not. We also find often that people who call with something they find on RealtyTrac® and other foreclosure web pages is confusing. For example, you may find something that looks like it is going to be sold for $200,000. But we find that that is just what is owed on a second mortgage who happens to be the first to file foreclosure and there is a second for $800,000. It just hasn't been filed yet. We can find this information for you, so if you find something that looks too good to be true in very well may be. Call us and we will find out.
We can send you accurate lists of listed pre foreclosure property, short sale property and REO property.
Don't call the owner or listing agent. Here is why:
I have been doing real estate for 30 years most of the time being an investor, not a broker. One of my agents who I work with, or I can help you with all of the above. Try RealtyTrac. Then PLEASE call me. Many of the distressed properties are people just like YOU who went to a seminar, read a book, and bought at the wrong time. This is starting to be the right time if you do it right. BUT it is VERY easy to do it WRONG. Remember, because of interest, taxes on resale, cost of advertising and closing you can make money on the property but LOOSE and STILL HAVE TO PAY TAXES for a double ding!
ALSO be VERY careful about getting into partnerships with seminar people and "investment" gurus. They will set you up so YOU are responsible for financing personally. Banks don't lend to LLCs and Corporations. So you get the loan, put the property in an LLC or Corp, make an agreement with an investor Corp and if things go south the investor Corp can go bankrupt and although the lender can sue you you CAN'T successfully recover your money from the guru! They are protected. Be VERY CAREFUL. This IS a time when smart money makes money. But PLEASE, call me or my son in law John Boles if you are serious about using the information you find on RealtyTrac or other foreclosure/shortsale web sites. We can get you details on the property, communicate with selling agents and owners and help you really make it work. If you are looking a place to live in it will make it even easier to get a GREAT buy. Let us help. John Boles 208-230-6185 or me Jon Gosche at 208-870-2115.
If you are a short sale seller there are more things you need to know. Even if the lender agrees to sell short you have to have an agreement in writing that the proceeds of the sale are payment in full or they may sue for a deficiency judgment. You should consult an attorney right of the bat even if you call us or another real estate agent, Broker or Realtor®. There may be tax consequences. A 1099 is issued at the time of sale and the IRS can tax you for the amount of your loan forgiven. You will need to have a CPA or tax attorney help you and possibly get your tax bill waved or reduced. You need to take that into consideration when agreeing to sell short and know your probable or exact consequences before you agree to anything. You need legal representation. Real estate Brokers and agents cannot give you legal advise.