Idaho Real Estate Practice Exam

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How many days does a trustee have to perform necessary foreclosure tasks after a notice of default has been recorded?

30 days
90 days
120 days
180 days

The correct answer is: 120 days

In Idaho, after a notice of default has been recorded, the trustee is required to perform the necessary foreclosure tasks within a specific timeframe. The correct timeframe is 120 days. This period is critical as it establishes a window for both the borrower to potentially remedy the default and for the lender to take the next steps in the foreclosure process if needed. The 120-day timeframe aligns with the state's legal standards for handling foreclosures, ensuring that both parties have fair opportunity and time to address the default situation. The other choices would not align with Idaho's regulations on foreclosure task performance. A shorter timeframe, such as 30 days or 90 days, would not provide adequate time for the full process of foreclosure notification and resolution to take place. Conversely, a longer timeframe of 180 days would exceed the legal expectations set forth, potentially delaying the resolution of the default and impacting involved parties adversely.