Can I Sell My House in Foreclosure in Coeur d’Alene, ID?

How we help with a foreclosure sale

Tell us what notice you received and the date on it. We review the house as-is, give you a written offer and written terms before you commit, and work toward a title-company closing if you choose to move forward. The title company can work through title and payoff details with the lender and other lienholders.

When you sell to us, we pay the closing costs. The mortgage payoff, liens, back taxes, and your share of current property taxes are separate from closing costs.

You don't need to pay off your back taxes before we settle. We buy houses with back taxes and liens — payoffs get handled through the closing, not by you upfront.

Which sale are you facing?

An Idaho lender can foreclose a deed of trust by advertising and holding a trustee’s sale without first going to court, or it can choose a court foreclosure. A notice of default is recorded with the county and mailed to you. The dates below describe a mortgage trustee’s sale; they are not tax-sale deadlines.

• A trustee cannot hold the sale until at least 120 days after the notice of sale is mailed to you. The notice must also be published once a week for four weeks, with the last publication at least 30 days before the sale; the trustee must try to serve an adult occupant and post notice. See Idaho Code § 45-1506.
• After the notice of default is recorded, you can usually reinstate the loan within 115 days by paying the overdue amount and allowed costs and fees. The law excludes principal that would not yet be due without the default, while amounts already due still have to be paid. See the cure rules in § 45-1506.
• If a regulated lender’s loan is on your primary home and you have a homeowner’s exemption, a loan-modification request form comes with the notice of default. If the lender receives it back within 30 days, the sale cannot happen until the lender answers. See Idaho Code § 45-1506C.
• A trustee may postpone a sale by announcing it at the sale, for up to 30 days at a time, and can repeat a postponement. For covered primary-home loans from a regulated lender, the trustee must mail at least 14 days’ notice before holding a postponed sale. See Idaho Code § 45-1506.

After a trustee’s sale, Idaho law gives you no right to redeem the house. If the lender forecloses in court instead, an owner can generally redeem within six months after the sale, or one year if the land is more than 20 acres. See § 45-1508 and § 11-402.

Idaho also gives you five business days to cancel a covered contract to sell during a trustee-sale foreclosure. The contract must include the notice required by law, and no money or interest in the house can change hands before those five business days pass. See § 45-1602 and § 45-1603.

A property-tax sale is different from a mortgage foreclosure. Its notice and deadlines are separate, so use the tax notice and contact the office named on it; do not apply the mortgage timeline above to a tax sale.

A sale contract does not change a trustee-sale date by itself. Keep treating the notice date as current unless the trustee or lender confirms otherwise.

What happens next

1. Tell us the Coeur d’Alene or Kootenai County property address and the notice date. You do not need to wait until you have every payoff detail to call.
2. We review the house as-is and give you a written offer and written terms before you commit.
3. If you choose to move forward, a title company works through title and payoff details, including the mortgage, liens, and any back taxes.
4. The title and payoff details determine whether a sale can close before the deadline in your notice.
5. If the transaction can proceed, closing takes place through the title company.

When you sell to us, we pay the closing costs. Mortgage balances, liens, back taxes, and your share of current property taxes are separate.

It's real estate. Sometimes there are bumps in the road. We won't disappear when that happens, and we'll be fighting to get this to the closing table.

Kootenai County offices and records

• Kootenai County Recorder contact — the county office for deed and recording questions.
• Kootenai County Assessor — county property and parcel information.

Use the notice for the date and instructions that apply to your property. If it concerns a tax sale, contact the office named on that notice.

Questions and contact

Compare a possible cash sale with a listing using the Coeur d’Alene home-sale net-proceeds calculator. You can also read the Coeur d’Alene trust and reviews page.