5823 Millstream, Garden City, ID

3 bedroom 2 bath 1618 SF blt 1978

This property makes for an interesting story. One of my agents, Dan Poole, had a client that drove by this empty house in the "GC". They were very interested so Dan called me to help him get some info on the property. I found out that it was going to auction on May 29th. I found the owners; this was a rental property / fixer upper gone awry. Payments have not been made for several months and the owners were resolved to let it go. 

With one phone call I convinced them it was more beneficial to go the short sale route; it benefits them from a credit perspective (2 years vs 7 years) and benefits the community. So now we have it listed with an offer to be submitted to the bank. Another foreclosure (potentially) bites the dust!!! Stay tuned. 

Please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com or 

Michael Hon
Broker - MBA, GRI
IRON EAGLE REALTY
Certified Short Sale Specialist
Investment Property Consultant
Office 208 939 9033 ext 2

2447 E Parkside Dr., Boise, ID

2320 SF 4 Br 3 ba 0.21 Acres 3 Car Garage Asking $330,000

Beautiful views and a steal of a deal! This desireable foothills location is sure to please. Updates throughout the home, daylight basement with separate entrance, fantastic deck perfect for entertaining! A must see.

Please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com.

Michael Hon
Broker - MBA, GRI
IRON EAGLE REALTY
Certified Short Sale Specialist
Investment Property Consultant
Office 208 939 9033 ext 2

1505 E Roanoke, Boise, ID 83712 Asking $349,000

2980 SF 6 Br 3.5 Ba Two Story 0.24 acres. 2 Car Garage 

Asking $349,000

Priced to Sell! Ready to Move In! Come Home to the Foothills. Wonderful mature neighborhood. This home was renovated in 2004. Modern kitchen with a warm and cozy fireplace. Stainless steel appliances. Tiled floors in the master bath. Upstairs loft for the kids. Perfect for entertaining. Shade trees in spacious backyard. Use one of the bedrooms as your home office. BTVA

Please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com or

Michael Hon
Broker - MBA, GRI
IRON EAGLE REALTY
Certified Short Sale Specialist
Investment Property Consultant
Office 208 939 9033 ext 2

1805 Overland, Meridian Short Sale Fourplex $325,000

Four year NEW Fourplex in Meridian, ID. Centrally located near two brand new business parks, movie theatre/restaurant complex, largest regional medical center in SW Idaho and freeway. Development has clubhouse, pool and weight room. This fourplex is in a great location. Asking $325,000. All 4 units are 2 br 1 ba. 

Please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com or

Michael Hon
Broker - MBA, GRI
IRON EAGLE REALTY
Certified Short Sale Specialist
Investment Property Consultant
Office 208 939 9033 ext 2

1505 E Roanoke, Boise, ID Asking $349,000

Priced to Sell! Ready to Move In! Come Home to the Foothills. Wonderful mature neighborhood. This home was renovated in 2004. Modern kitchen with a warm and cozy fireplace. Stainless steel appliances. Tiled floors in the master bath. Upstairs loft for the kids. Perfect for entertaining. Shade trees in spacious backyard. Use one of the bedrooms as your home office. 

Click here for listing info. BTVA

Please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com or

Michael Hon
Broker - MBA, GRI
IRON EAGLE REALTY
Certified Short Sale Specialist
Investment Property Consultant
Office 208 939 9033 ext 2

Pres. Obama's Housing Affordability and Stability Plan

I really hope Pres. Obama is smart enough to know that this first plan of his to rescue homeowners in foreclosure really misses the mark. If you bought your home between 2005 and 2007, there is no help for you. The loans on these purchases are way above the 105% maximum in the plan. As for homeowners in Boise, Nampa, Caldwell, Eagle, Meridian and Kuna Idaho, this plan does not help if they bought homes within those years. 

If you know of someone who is facing foreclosure, please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com or

Michael Hon
Broker - MBA, GRI
IRON EAGLE REALTY
Certified Short Sale Specialist
Investment Property Consultant
Office 208 939 9033 ext 2

Eagle Home Report

If you are looking to buy in Eagle, there are a ton of deals. 

Currently there are 497 active listings of which 40 are REOs and 82 are short sales. If you are interested in my weekly foreclosure and short sale list, please click here or email me to get on the weekly distribution list. If you want to search the MLS, please click here. Please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com or LinkedIn Profile

Michael Hon
Broker - MBA, GRI
IRON EAGLE REALTY
Certified Short Sale Specialist
Investment Property Consultant
Office 208 939 9033 ext 2

February Foreclosure and Short Sales Stats

This month I have decided to start reporting statistics on foreclosures and short sales in the Treasure Valley (i.e. - Ada and Canyon County only). These are stats from the Intermountain MLS. Here it goes:

Currently

REO  

595 Active 

247 Pending  

32 Sold in Jan. 

128 Sold in Feb

Short Sale 

1815 Active 

235 Pending  

48 Sold in Jan.  

58 Sold in Feb. 

138 Exp in Jan.  

42 Exp. in Feb. 

What do these numbers mean? They mean that we losing the battle. Banks need to smarten up and accept more short sales. Agents need to get a better understanding of how to work a short sale both from the buy side and list side. 

Please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com or LinkedIn Profile

Michael Hon
Broker - MBA, GRI
IRON EAGLE REALTY
Certified Short Sale Specialist
Investment Property Consultant
Office 208 939 9033 ext 2