All Forum Posts by: Grant Blanchard

Hey Jim,

appreciate the response. Yes I agree with you, with current trends this should not be an issue whatsoever....I posed this question as I was thinking about what future markets looked like in Idaho as compared to California...being that it is forbidden for lenders to go after homeowners with a deficiency judgement it would make sense that the California market is more volatile in regards to foreclosures (being that owners can simply walk away).....but if that was not the case or not typical in Idaho, owners would be more inclined to do everything they can to weather the storm and hold on until the market stabilizes. 

Recently moved to the Boise area, licensed in California and recently licensed in Idaho....All I have left in California is an 8-plex and not sure whether I will hold or offload as of yet...purchasing a conservative primary in Idaho before making any substantial investments here. 

New to Boise, question I can't seem to find a clear answer online.....trying to gain a better understanding of how the current conditions will play out in the coming months/years.

How likely is it in Idaho to have the lender issue a deficiency judgment during/after foreclosure? Curious how easy a homeowner can walk away from their responsibilities. Vague answers are fine. thanks.


Looks like NOLO had some good information.
https://www.nolo.com/legal-enc...
https://www.nolo.com/legal-enc... it appears yes it could happen, unlike California where it can't in a non-judicial proceeding (most common). Still curious on how likely.