BOISE, Idaho -- Foreclosure filings in Idaho dropped 54.5 percent the first half of the year.
RealtyTrac tracks foreclosure properties and says that nationally foreclosure filings fell 10.6 percent in the first half of the year.
Jessie Hamilton, general counsel for Pioneer Title, tells the Idaho Business Review that lenders are modifying more Idaho loans instead of foreclosing.
He says many lenders delayed foreclosures after an Idaho law took effect Sept. 1 requiring lenders to better inform borrowers about their options.
Hamilton also says more short sales are going through. A short sale is where the lender agrees to take less than the borrower owes.
