1. 
   Press Release - November 2008
   
   Treasure Valley Foreclosures Jump 22.6 in One Month!
   
   Ada County up 34% From September!
   

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   Default filings in the Treasure Valley set two all time records in October 2008 with foreclosures being started against 575 homes.  This is a one month increase of 22.6% compared to the 460 filings in September 2008.  This is the highest month over month increase ever recorded in the Treasure Valley.  Additionally, the 575 new filings eclipse the old one month record of 483 new filings set only 2 months ago in August, 2008.
   
   This year through October 2008, there have been 4.237 foreclosures started in Ada and Canyon County.  This is a 132% increase over the 1,827 starts in the same period in 2007.
   
   Idaho Data Providers President, Charlie Nate, Stated in response to these record numbers "I predicted last month that we would reach a record 500 new filings in October, but i didn't expect  that new foreclosures would almost reach 600.  Hopefully, this number is an anomaly and not representative of the rate of new filings we will be seeing in the near future."
   
   With regard to how this many new foreclosures would affect the local market Nate further stated "I don't think the local real estate market can absorb over 500 new foreclosure properties hitting the market every month when total current pending sales are less than 500.  This will cause a significant spike in the inventory and this is the last thing the locall  market needs when it has been trying to shed excess inventory for the past two years.  However, we should experience  a seasonal slow down in November and December to about 400 new filings each month which will give the local market a chance to breath."
   
   Ada & Canyon County Notice of Default Statistics
   
   Ada County
   Ada County had 351 Notices of Default filed in October.  This is up and astounding 34% from September when 262 Notices were filed and up 111% from October 2007 when 166 defaults were filed.
   
   Canyon County
   Canyon County had 224 Notices of Default filed in October, this is up 8% from September when 207 Notices were filed and is up 87% from October 2007 when only 120 defaults were filed.
   
   
   
   

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   Idaho Data Providers.com (IDP) is a local foreclosure data company, which tracks all loans entering foreclosure on a daily basis in Ada, Canyon and Kootenai Counties. IDP also collects information on foreclosures filed in every county in Idaho. Since foreclosure data is collected by IDP as soon as it becomes available, our information is the most current information available from any source for Idaho.

   Established in July 2006, IDP is Idaho's leader for dependable foreclosure information and education. IDP provides detailed profile pages for each property in foreclosure. IDP also regularly offers seminars to educate investors and the general public on all aspects of the foreclosure process.

   As foreclosures continue to rise, the opportunity to purchase property below market value has never been better. Lenders are reducing the prices of their foreclosure properties by offering them at discounts to the public. To take advantage of IDP's extensive database of property listings and educational seminars, log on to www.IdahoDataProviders.com or contact Charlie Nate at 208-860-6786.

   
   
   
   

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