Idaho deed recording and property taxes
Idaho has no state real estate transfer tax. Recording a deed carries a county fee; Twin Falls County's schedule is organized by document type, so check the current fee for the instrument involved. Idaho counties mail property-tax bills in November. Payment is due December 20, or half by December 20 and the rest by June 20 of the next year.
When you sell to us, we pay the closing costs. Your mortgage, liens, back taxes and share of current property taxes are separate.
Twin Falls County recording-fee schedule · County Clerk/Auditor/Recorder · Idaho tax statutes · Idaho property-tax payment dates
What if a trustee's sale is scheduled?
Often, yes, you can sell if the sale closes before the trustee's sale. With a deed of trust, a lender can foreclose without going to court. The process starts when a notice of default is recorded with the county and mailed to you. The trustee's sale cannot happen until at least 120 days after the notice of sale is mailed. The notice must also be published once a week for four weeks, with the last publication at least 30 days before the sale, and the trustee must try to serve an adult occupant and post the notice.
Within 115 days after the notice of default is recorded, you can usually reinstate the loan by paying the overdue amount and allowed costs and fees. Principal that would not otherwise be due is excluded, but any amount already due still has to be paid. If a regulated lender made the loan on your main home and you have a homeowner's exemption, a loan-change request form comes with the notice of default. If the lender receives it within 30 days, the sale cannot happen until the lender answers.
A trustee may postpone the sale if the lender asks, by announcing the postponement at the sale. Each postponement can be no more than 30 days, but it can be repeated. For covered primary-home loans from a regulated lender, the trustee must mail at least 14 days' notice before holding a postponed sale.
After a trustee's sale, you have no right to buy the house back. If the lender forecloses in court instead, an owner can generally redeem—buy back the property by paying what is owed—within six months after the sale, or one year if the land is more than 20 acres. A contract to sell during a trustee-sale foreclosure must include Idaho's required notice, and you have five business days to cancel; no money or interest in the house can change hands until those five days pass.
If a trustee's sale is scheduled, tell us the date right away so we can try to close before it.
Idaho Code §45-1503, deed-of-trust foreclosure · §45-1505, notice of default · §45-1506, notice, postponement, and reinstatement · §45-1506C, loan-change request · §45-1508, no redemption after trustee sale · §11-402, redemption after court sale · §45-1602, contract notice · §45-1603, cancellation period.
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