45-1508. FINALITY OF SALE. A sale made by a trustee under this act shall foreclose and terminate all interest in the property covered by the trust deed of all persons to whom notice is given under section 45-1506, Idaho Code, and of any other person claiming by, through or under such persons and such persons shall have no right to redeem the property from the purchaser at the trustee’s sale. The failure to give notice to any of such persons by mailing, personal service, posting or publication in accordance with section 45-1506, Idaho Code, shall not affect the validity of the sale as to persons so notified nor as to any such persons having actual knowledge of the sale. Furthermore, any failure to comply with the provisions of section 45-1506, Idaho Code, shall not affect the validity of a sale in favor of a purchaser in good faith for value at or after such sale, or any successor in interest thereof.
History:
[45-1508, added 1957, ch. 181, sec. 8, p. 345; am. 1990, ch. 401, sec. 3, p. 1126.]
Structure Idaho Code
Title 45 - LIENS, MORTGAGES AND PLEDGES
Section 45-1502 - DEFINITIONS — TRUSTEE’S CHARGE.
Section 45-1503 - TRANSFERS IN TRUST TO SECURE OBLIGATION — FORECLOSURE.
Section 45-1504 - TRUSTEE OF TRUST DEED — WHO MAY SERVE — SUCCESSORS.
Section 45-1505 - FORECLOSURE OF TRUST DEED, WHEN.
Section 45-1506 - MANNER OF FORECLOSURE — NOTICE — SALE.
Section 45-1506A - RESCHEDULED SALE — ORIGINAL SALE BARRED BY STAY — NOTICE OF RESCHEDULED SALE.
Section 45-1506B - POSTPONEMENT OF SALE — INTERVENTION OF STAY.
Section 45-1506C - SUPPLEMENTAL NOTICE — OPPORTUNITY TO REQUEST LOAN MODIFICATION.
Section 45-1507 - PROCEEDS OF SALE — DISPOSITION.
Section 45-1508 - FINALITY OF SALE.
Section 45-1509 - TRUSTEE’S DEED — FORM AND CONTENTS.
Section 45-1510 - TRUSTEE’S DEED — RECORDING — EFFECT.
Section 45-1512 - MONEY JUDGMENT — ACTION SEEKING BALANCE DUE ON OBLIGATION.
Section 45-1513 - TRANSFERS AND TRUSTS ARE CONVEYANCES.
Section 45-1514 - RECONVEYANCE UPON SATISFACTION OF OBLIGATION.