What does the dollar amounts listed on IDP mean?
The amounts listed on IDP are based on the defaulted lien information. When available, IDP lists all available details of the subject lien. These include the original loan amount, interest rate, and the principle balance. This is not the purchase price for the property; it’s a starting place for you to begin your negotiations with the seller. The goal is to get a good bargain, but you shouldn’t necessarily expect to buy the property for just the loan balance. If you work with a real estate agent, recommended for first-time foreclosure buyers, the agent can provide professional advice on the value of the property and how much you should offer. Click on Real Estate Agents to find a local real estate agent in the Idaho Data Providers Agent Network who can help you buy or sell a property. The Default Amount is the amount the owner in default is behind on mortgage payments. This can range from 3-4 months worth of back-owed payments to the lender/bank up to a year or more in missed payments.
