Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Wallace, ID area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Wallace, ID and much more. Save thousands at closing with home foreclosure listings in Wallace, ID — up to 75% off market value!
Wallace is a city in the western United States, the county seat of Shoshone County, Idaho, in the Silver Valley mining district of the Idaho Panhandle. Founded 135 years ago in 1884, Wallace sits alongside the South Fork of the Coeur d'Alene River (and Interstate 90), approximately 2,730 feet (830 m) above sea level. The town's population was 784 at the 2010 census.
Wallace is the principal town of the Coeur d'Alene silver-mining district, which produced more silver than any other mining district in the United States. Burke-Canyon Road runs through historic mining communities – many of them now deserted – north and eastward toward the Montana state line. East of Wallace, the Route of the Hiawatha (rails-to-trails) and the Lookout Pass ski area are popular with locals and tourists.
Wallace came into being on a river plain where four streams and five canyons converge onto the course of the South Fork. The earliest known white interest in the area was the construction of the Mullan Road, which followed the South Fork from near Cataldo almost to the pass that crossed into Montana. John Mullan did observe promising quartz outcroppings along their route when he passed through in late 1859. However, he later frankly stated that he downplayed the possibility of gold to his building crews because he "feared that any rich discovery would lead to a general stampede" to search for it.
A long hiatus followed until Andrew J. Prichard entered the country in search of gold.
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