Here is a summary of foreclosure laws and rules for the State of Idaho:
- Lenders use both a judicial and non-judicial foreclosure.
- The lender can sue you in a separate lawsuit for a deficiency, but must do so with 90 days after the sale. You can exercise the right of redemption within six months of the sale if your property was less than 20 acres.
- If is more than 20 acres, the right of redemption is extended to one year.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Idaho those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
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