Short Sale and Foreclosure Homes in Albuquerque NM

Short Sale and Foreclosure Homes in Albuquerque NM can present an opportunity to get a great deal on a property at times. If you categorically disqualify distressed properties you might miss out! Distressed sales tend to be priced from 5 to 25 % below market value. Also, keep in mind that not all Short Sale and Foreclosure Homes in Albuquerque NM are dumps and require a lot of work! Having helped many Buyers acquire distressed homes over the years, I have seen it all. From homes that need major rehab work to ones that are move in ready.

Look for hidden values

There may be absolutely nothing wrong with the property in foreclosure or sold in a short sale. The bank has discounted the home because it sells such properties as-is, without disclosures. If you do your homework, you can use this situation to your advantage. And should we learn of a major problem with the house, I can negotiate with the bank for a lower price.Don’t forget: Banks aren’t in the business of owning homes. They want these properties off their hands as soon as possible. Banks will take seriously any buyer who’s well-qualified and ready to close a deal.

Minimize risks

If you’re looking for a home in a market where inventory is tight, buying a home in foreclosure or short sale can be a great option. To minimize the risks involved in purchasing Short Sale and Foreclosure Homes in Albuquerque NM contact me today. Every bank has different rules and forms for their REO (Real Estate Owned) Inventory and I would be happy to help you with any property of interest to you.

 

 

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8019 Sand Springs Road Nw Albuquerque, NM 87114

$270,000
3 Beds
3.5 Baths
3,500 SqFt
Status Active
MLS # 918054
Property Type Detached
AMAZING PRICE located in Ventana Highlands Subdivision*Space Abounds inside and out in this DR HORTON beauty and popular model! 2 living areas plus Formal Dining/Nook & Study downstairs! Iron spindle staircase, LOFT w/built in entertainment center, 3 spacious bedrooms, Master Retreat has its own living room or sitting area w/ fireplace& cultured stone surround! Balcony w/views! Great open floor plan, 3 car garage, Tile roof,2 gas fireplaces, Corian Counter tops, Bar in Kitchen, lots of cabinetry,Master has separate shower & jetted tub, all rooms have walk-in closets.STAINLESS STEEL APPLIANCES (built in microwave) Kitchen Island, nice sized backyard. THIS HOME IS A PRE-FORECLOSURE, BANK WOULD LIKE TO SEE AN OFFER!Located in a master planned community.

400 Desert Cactus Drive Sw Albuquerque, NM 87121

$118,000
3 Beds
2.5 Baths
1,867 SqFt
Status Active
MLS # 820511
Property Type Detached
Short Sale offers have failed five times. Last offer was for $126,000 with buyer paying most costs. Foreclosure has been filed but no sale date set. CHASE indicates short sale terms will be considered but has not approved several submissions Lots of Living Space for the Price but Home needs a major clean up inside and outside, Drywall Repairs, Painting, Floor Coverings and More. Any Offer Accepted by Seller requires Approval from Mortgage Lender. Seller will make no repairs and will not cover buyer's closing costs.Home sells in ''As-Is '' condition.