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What is the PRIMARY method of foreclosure used in Idaho?

Correct Answer

B) Non-judicial foreclosure (power of sale)

Idaho allows both judicial and non-judicial foreclosure, but non-judicial foreclosure (power of sale) is the primary and most commonly used method. Judicial foreclosure is available and provides a statutory redemption period of 6 months for properties of 20 acres or less. Non-judicial foreclosure does not carry a redemption right after the trustee's sale.

Answer Options
A
Judicial foreclosure
B
Non-judicial foreclosure (power of sale)
C
Both judicial and non-judicial equally
D
Strict foreclosure

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Related Topics & Key Terms

Related Topics:

deed of trustpower of sale clausetrustee's saledeficiency judgmentredemption period

Key Terms:

non-judicial foreclosurepower of saledeed of trusttrustee's saleredemption period

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