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Real Estate

Notice of defaults up in Ada and Canyon County (access required)

Notices of defaults are up across the Treasure Valley. According to new numbers from IdahoDataProviders, a Meridian company that tracks foreclosure listings, filings were up a staggering 46 percent in Canyon County from August, with 342 notices in September. That ...

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Many banks left on sidelines while nontraditional lenders step up

By Nick Bjork PORTLAND, OR — When Ken Griggs, executive vice president of mortgage banking at NAI Norris, Beggs & Simpson, searched for a lender to finance a $4 million industrial property transaction earlier this year, he was shocked to ...

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Four new developments planned for northern Idaho (access required)

Four new residential subdivisions in various stages of planning and development are in the works in northern Idaho. Two of the neighborhoods are located in Post Falls, one in Hayden, and another Rathdrum, said Jim Fox, spokesman for Windermere Coeur ...

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Foreclosures remain high in eastern Idaho (access required)

Samuel Hancock just got a steal of a deal as a first-time home buyer. The property manager in his early 20s hadn’t really been looking to buy until he came across a bargain that seemed too good to be true. ...

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Top 5 reasons why deals do not close on time (access required)

By Thomas Smith and Monique Lee Hawthorne PORTLAND, Ore. – Timing is everything, especially in real estate transactions. Following are the top five reasons why deals do not close on time. Avoid falling into these traps. 1. Poor drafting of ...

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Court determines broker breached escrow duty

By Christina Pazzanese BOSTON, Mass. – A real estate broker that acted as an escrow agent in the sale of a condominium breached its fiduciary duty when it refused to disburse a portion of the buyer’s deposit to the buyer’s ...

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Condo sales continue to increase in Boise, Ada Co. (access required)

There is plenty of “pent-up” demand for owning a condo in Boise. It’s precisely the reason why developer Bill Clark decided now was the time to revive the stalled Crescent Rim condo project overlooking Ann Morrison Park. Construction of the ...

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US homes lost to foreclosure up 25% on year

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month ...

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Putting the ‘stress’ in distressed: Receiverships can offer solutions for struggling commercial properties, but they require skill

By Carol Lundberg DETROIT, MI – Within a year, Michelle C. Harrell saw commercial real estate markets shift, and distressed properties started to swallow banks’ real estate owned (REO) departments. Between the end of 2007 and the end of 2008, ...

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